Pinduoduo Inc. [PDD] Revenue clocked in at $14.39 billion, down -9.18% YTD: What’s Next?

Pinduoduo Inc. [NASDAQ: PDD] price plunged by -0.30 percent to reach at -$0.16. The company report on October 10, 2022 that Temu Gives Shoppers a Head Start in Holiday Season Shopping with Christmas Treats.


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It’s never too early to begin shopping for the year-end holiday season. Temu, the online marketplace offering the best deals for consumers, is giving everyone a head start in Christmas shopping with a wide range of festive merchandise at competitive prices.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221010005242/en/.

A sum of 13615257 shares traded at recent session while its average daily volume was at 12.95M shares. Pinduoduo Inc. shares reached a high of $53.00 and dropped to a low of $49.60 until finishing in the latest session at $52.95.

The one-year PDD stock forecast points to a potential upside of 39.69. The average equity rating for PDD stock is currently 1.80, trading closer to a bullish pattern in the stock market.

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 $87.80 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 1.80. 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.

Barclays have made an estimate for Pinduoduo Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 27, 2022. The new note on the price target was released on August 30, 2022, representing the official price target for Pinduoduo Inc. stock. Previously, the target price had yet another raise to $70, while Morgan Stanley analysts kept a Equal-Weight rating on PDD stock. On May 16, 2022, analysts increased their price target for PDD shares from 27 to 55.

The Average True Range (ATR) for Pinduoduo Inc. is set at 5.02, with the Price to Sales ratio for PDD stock in the period of the last 12 months amounting to 4.67. The Price to Book ratio for the last quarter was 5.31, with the Price to Cash per share for the same quarter was set at 13.03. Price to Free Cash Flow for PDD in the course of the last twelve months was 13.69.

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 -10.21. With this latest performance, PDD shares dropped by -12.87% in over the last four-week period, additionally plugging by 22.88% over the last 6 months – not to mention a drop of -42.73% 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 44.70, with the RSI for the last a single of trading hit 45.48, and the three-weeks RSI is set at 45.25 for Pinduoduo Inc. [PDD]. The present Moving Average for the last 50 days of trading for this stock 60.82, while it was recorded at 50.23 for the last single week of trading, and 52.54 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 2.00.

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 56.38%.

Pinduoduo Inc. [PDD] Insider Position Details

There are presently around $15,222 million, or 24.10% of PDD stock, in the hands of institutional investors. The top three institutional holders of PDD stocks are: BAILLIE GIFFORD & CO with ownership of 28,210,841, which is approximately 0.394% of the company’s market cap and around 0.17% of the total institutional ownership; FMR LLC, holding 21,861,397 shares of the stock with an approximate value of $1.16 billion in PDD stocks shares; and BLACKROCK INC., currently with $1.11 billion in PDD stock with ownership of nearly -1.233% of the company’s market capitalization.

Positions in Pinduoduo Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 256 institutional holders increased their position in Pinduoduo Inc. [NASDAQ:PDD] by around 49,215,738 shares. Additionally, 155 investors decreased positions by around 35,359,218 shares, while 40 investors held positions by with 202,895,489 shares. The mentioned changes placed institutional holdings at 287,470,445 shares, according to the latest SEC report filing. PDD stock had 97 new institutional investments in for a total of 21,527,466 shares, while 53 institutional investors sold positions of 3,217,044 shares during the same period.

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