Pinduoduo Inc. [PDD] stock Downgrade by Macquarie analyst, price target now $157

Pinduoduo Inc. [NASDAQ: PDD] traded at a high on 04/28/21, posting a 1.63 gain after which it closed the day’ session at $142.37. The company report on April 16, 2021 that Sky9 Capital portfolio company TuSimple is first autonomous trucking firm to IPO, listing on Nasdaq at $8.49 billion market capitalization.

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Sky9 Capital, a venture capital firm investing in Chinese start-ups, announces the flotation of its portfolio company TuSimple on the Nasdaq stock exchange under the ticker symbol ‘TSP’ at a market capitalization of $8.49 billion.

Sky9 Capital portfolio company TuSimple is first autonomous trucking company to IPO at $8.49 billion market cap.

The results of the trading session contributed to over 3496789 shares changing hands. Over the past one week, the price volatility of Pinduoduo Inc. stands at 4.28% while the volatility over the past one month is 4.35%.

The market cap for PDD stock reached $167.93 billion, with 1.21 billion shares outstanding and 865.44 million shares in the current float. Compared to the average trading volume of 7.54M shares, PDD reached a trading volume of 3496789 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Pinduoduo Inc. [PDD]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PDD shares is $175.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PDD stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Macquarie have made an estimate for Pinduoduo Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 18, 2021. The new note on the price target was released on January 26, 2021, representing the official price target for Pinduoduo Inc. stock. Previously, the target price had yet another raise to $210, while Bernstein analysts kept a Outperform rating on PDD stock. On November 16, 2020, analysts increased their price target for PDD shares from 85 to 192.

The Average True Range (ATR) for Pinduoduo Inc. is set at 6.60, with the Price to Sales ratio for PDD stock in the period of the last 12 months amounting to 18.32. The Price to Book ratio for the last quarter was 18.63, with the Price to Cash per share for the same quarter was set at 11.36. Price to Free Cash Flow for PDD in the course of the last twelve months was 38.66 with Quick ratio for the last quarter at 1.80.

How has PDD stock performed recently?

Pinduoduo Inc. [PDD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.65. With this latest performance, PDD shares gained by 8.24% in over the last four-week period, additionally plugging by 63.79% over the last 6 months – not to mention a rise of 196.23% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PDD stock in for the last two-week period is set at 52.65, with the RSI for the last a single of trading hit 59.61, and the three-weeks RSI is set at 49.37 for Pinduoduo Inc. [PDD]. The present Moving Average for the last 50 days of trading for this stock 150.25, while it was recorded at 139.18 for the last single week of trading, and 126.61 for the last 200 days.

Pinduoduo Inc. [PDD]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Pinduoduo Inc. [PDD] shares currently have an operating margin of -15.77 and a Gross Margin at +67.59. Pinduoduo Inc.’s Net Margin is presently recorded at -12.07.

Return on Total Capital for PDD is now -16.69, given the latest momentum, and Return on Invested Capital for the company is -13.15. Return on Equity for this stock declined to -16.33, with Return on Assets sitting at -5.91. When it comes to the capital structure of this company, Pinduoduo Inc. [PDD] has a Total Debt to Total Equity ratio set at 28.20. Additionally, PDD Total Debt to Total Capital is recorded at 21.99, with Total Debt to Total Assets ending up at 10.68. Long-Term Debt to Equity for the company is recorded at 24.67, with the Long-Term Debt to Total Capital now at 19.25.

Receivables Turnover for the company is 13.40 with a Total Asset Turnover recorded at a value of 0.49.Pinduoduo Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.

Earnings analysis for Pinduoduo Inc. [PDD]

With the latest financial reports released by the company, Pinduoduo Inc. posted -0.39/share EPS, while the average EPS was predicted by analysts to be reported at -0.28/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -39.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PDD.

Insider trade positions for Pinduoduo Inc. [PDD]

There are presently around $38,368 million, or 31.80% of PDD stock, in the hands of institutional investors. The top three institutional holders of PDD stocks are: BAILLIE GIFFORD & CO with ownership of 25,369,450, which is approximately 6.145% of the company’s market cap and around 0.23% of the total institutional ownership; BLACKROCK INC., holding 19,350,344 shares of the stock with an approximate value of $2.75 billion in PDD stocks shares; and FMR LLC, currently with $2.32 billion in PDD stock with ownership of nearly 19.008% of the company’s market capitalization.

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Positions in Pinduoduo Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 295 institutional holders increased their position in Pinduoduo Inc. [NASDAQ:PDD] by around 61,404,251 shares. Additionally, 127 investors decreased positions by around 20,341,084 shares, while 25 investors held positions by with 187,752,528 shares. The mentioned changes placed institutional holdings at 269,497,863 shares, according to the latest SEC report filing. PDD stock had 136 new institutional investments in for a total of 10,185,292 shares, while 39 institutional investors sold positions of 1,132,753 shares during the same period.

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