Pinduoduo Inc. [NASDAQ: PDD] stock went on a downward path that fall over -10.03% on Monday, amounting to a one-week price decrease of less than -15.61%. The company report on May 27, 2022 that Pinduoduo Announces First Quarter 2022 Unaudited Financial Results.
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Pinduoduo Inc. (“Pinduoduo” or the “Company”) (NASDAQ: PDD), China’s largest agriculture platform, today announced its unaudited financial results for the first quarter ended March 31, 2022.
Over the last 12 months, PDD stock dropped by -50.75%. The one-year Pinduoduo Inc. stock forecast points to a potential upside of 22.79. The average equity rating for PDD stock is currently 1.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $70.79 billion, with 1.26 billion shares outstanding and 910.81 million shares in the current float. Compared to the average trading volume of 13.86M shares, PDD stock reached a trading volume of 18419147 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $70.85 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.
Morgan Stanley have made an estimate for Pinduoduo Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on July 11, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price from $27 to $55. The new note on the price target was released on May 16, 2022, representing the official price target for Pinduoduo Inc. stock. Previously, the target price had yet another raise to $95, while Goldman analysts kept a Buy rating on PDD stock.
The Average True Range (ATR) for Pinduoduo Inc. is set at 4.72, with the Price to Sales ratio for PDD stock in the period of the last 12 months amounting to 4.96. The Price to Book ratio for the last quarter was 6.02, with the Price to Cash per share for the same quarter was set at 10.98. Price to Free Cash Flow for PDD in the course of the last twelve months was 20.24.
PDD Stock Performance Analysis:
Pinduoduo Inc. [PDD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.61. With this latest performance, PDD shares dropped by -15.78% in over the last four-week period, additionally plugging by 4.93% over the last 6 months – not to mention a drop of -50.75% 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 44.68, with the RSI for the last a single of trading hit 36.44, and the three-weeks RSI is set at 48.76 for Pinduoduo Inc. [PDD]. The present Moving Average for the last 50 days of trading for this stock 50.90, while it was recorded at 61.21 for the last single week of trading, and 60.33 for the last 200 days.
Insight into Pinduoduo Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Pinduoduo Inc. [PDD] shares currently have an operating margin of +7.34 and a Gross Margin at +65.40. Pinduoduo Inc.’s Net Margin is presently recorded at +8.27.
Return on Equity for this stock inclined to 11.48, with Return on Assets sitting at 4.57.
Pinduoduo Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.90.
PDD Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pinduoduo Inc. go to 48.34%.
Pinduoduo Inc. [PDD] Insider Position Details
There are presently around $15,061 million, or 23.20% of PDD stock, in the hands of institutional investors. The top three institutional holders of PDD stocks are: BAILLIE GIFFORD & CO with ownership of 29,087,492, which is approximately -0.049% of the company’s market cap and around 0.09% of the total institutional ownership; FMR LLC, holding 24,972,963 shares of the stock with an approximate value of $1.37 billion in PDD stocks shares; and BLACKROCK INC., currently with $1.16 billion in PDD stock with ownership of nearly 4.08% 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 218 institutional holders increased their position in Pinduoduo Inc. [NASDAQ:PDD] by around 58,110,893 shares. Additionally, 149 investors decreased positions by around 51,488,200 shares, while 42 investors held positions by with 165,735,599 shares. The mentioned changes placed institutional holdings at 275,334,692 shares, according to the latest SEC report filing. PDD stock had 54 new institutional investments in for a total of 6,069,473 shares, while 58 institutional investors sold positions of 10,496,910 shares during the same period.