Pinduoduo Inc. [NASDAQ: PDD] jumped around 0.84 points on Friday, while shares priced at $100.73 at the close of the session, up 0.84%. The company report on August 24, 2021 that Pinduoduo posts 2Q results, unveils “10 Billion Agriculture Initiative”.
Pinduoduo Inc. (PDD: NASDAQ), China’s largest agricultural platform, posted a 89% gain in second-quarter revenue as more consumers shopped through the platform.
Revenue for the three months ended June 30, 2021 rose to 23.0 billion yuan (US$3.6 billion), the company said in a filing. The number of users who placed orders through Pinduoduo in the trailing 12-month period rose to 849.9 million.
Pinduoduo Inc. stock is now -43.31% down from its year-to-date (YTD) trading value. PDD Stock saw the intraday high of $102.00 and lowest of $99.04 per share. The company’s 52-week high price is 212.60, which means current price is +35.90% above from all time high which was touched on 02/16/21.
Compared to the average trading volume of 8.78M shares, PDD reached a trading volume of 5783772 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 $138.85 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 1.90. 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.
China Renaissance have made an estimate for Pinduoduo Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 06, 2021. While these analysts kept the previous recommendation, Macquarie dropped their target price from $171 to $157. The new note on the price target was released on March 18, 2021, representing the official price target for Pinduoduo Inc. stock.
The Average True Range (ATR) for Pinduoduo Inc. is set at 5.18, with the Price to Sales ratio for PDD stock in the period of the last 12 months amounting to 9.40. The Price to Book ratio for the last quarter was 12.56, with the Price to Cash per share for the same quarter was set at 11.49. Price to Free Cash Flow for PDD in the course of the last twelve months was 30.03.
How has PDD stock performed recently?
Pinduoduo Inc. [PDD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.91. With this latest performance, PDD shares gained by 24.42% in over the last four-week period, additionally sinking by -28.96% over the last 6 months – not to mention a rise of 24.33% 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 53.01, with the RSI for the last a single of trading hit 52.66, and the three-weeks RSI is set at 51.38 for Pinduoduo Inc. [PDD]. The present Moving Average for the last 50 days of trading for this stock 96.13, while it was recorded at 101.17 for the last single week of trading, and 135.15 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 +67.57. 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.
Reflecting on the efficiency of the workforce at the company, Pinduoduo Inc. [PDD] managed to generate an average of -$130,254 per employee. Receivables Turnover for the company is 12.39 with a Total Asset Turnover recorded at a value of 0.49.Pinduoduo Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.80.
Insider trade positions for Pinduoduo Inc. [PDD]
There are presently around $25,756 million, or 28.90% of PDD stock, in the hands of institutional investors. The top three institutional holders of PDD stocks are: BAILLIE GIFFORD & CO with ownership of 27,453,175, which is approximately 2.181% of the company’s market cap and around 0.18% of the total institutional ownership; BLACKROCK INC., holding 19,369,909 shares of the stock with an approximate value of $1.95 billion in PDD stocks shares; and TIGER GLOBAL MANAGEMENT LLC, currently with $1.42 billion in PDD stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Pinduoduo Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 230 institutional holders increased their position in Pinduoduo Inc. [NASDAQ:PDD] by around 35,490,896 shares. Additionally, 220 investors decreased positions by around 29,009,384 shares, while 40 investors held positions by with 191,189,264 shares. The mentioned changes placed institutional holdings at 255,689,544 shares, according to the latest SEC report filing. PDD stock had 58 new institutional investments in for a total of 2,028,966 shares, while 82 institutional investors sold positions of 6,981,915 shares during the same period.