Pinduoduo Inc. [NASDAQ: PDD] loss -3.61% on the last trading session, reaching $67.62 price per share at the time. The company report on November 21, 2022 that Temu Steps Up to Offer Stunning Deals of Up to 70% Off in Black Friday Sale.
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Temu, the online marketplace offering unbeatable wholesale prices anytime, anywhere, and in any quantity, is hosting the best Black Friday Sale with up to 70% off selected items across more than 250 product categories.
Consumers can browse an extensive range of carefully curated merchandise at as much as 70% off wholesale prices on Temu’s Black Friday Sale section, with free shipping on almost all orders. The site also features personalized shopping guides tailored to individual interests.
Pinduoduo Inc. represents 1.26 billion in outstanding shares, while the company has a total market value of $85.99 billion with the latest information. PDD stock price has been found in the range of $66.01 to $69.55.
If compared to the average trading volume of 14.13M shares, PDD reached a trading volume of 7772424 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $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 1.70. 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 5.19, with the Price to Sales ratio for PDD stock in the period of the last 12 months amounting to 5.92. The Price to Book ratio for the last quarter was 6.71, with the Price to Cash per share for the same quarter was set at 13.12. Price to Free Cash Flow for PDD in the course of the last twelve months was 17.36.
Trading performance analysis for PDD stock
Pinduoduo Inc. [PDD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.41. With this latest performance, PDD shares gained by 14.67% in over the last four-week period, additionally plugging by 67.17% over the last 6 months – not to mention a drop of -17.41% 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 58.20, with the RSI for the last a single of trading hit 59.16, and the three-weeks RSI is set at 56.71 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 69.37 for the last single week of trading, and 52.88 for the last 200 days.
Pinduoduo Inc. [PDD]: A deeper dive into fundamental analysis
Pinduoduo Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 2.00.
Pinduoduo Inc. [PDD]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Pinduoduo Inc. [PDD]
There are presently around $20,731 million, or 25.50% 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 0.23% of the total institutional ownership; BLACKROCK INC., holding 23,309,402 shares of the stock with an approximate value of $1.58 billion in PDD stocks shares; and FMR LLC, currently with $1.28 billion in PDD stock with ownership of nearly -13.748% of the company’s market capitalization.
265 institutional holders increased their position in Pinduoduo Inc. [NASDAQ:PDD] by around 45,709,952 shares. Additionally, 162 investors decreased positions by around 25,185,535 shares, while 44 investors held positions by with 235,680,362 shares. The mentioned changes placed institutional holdings at 306,575,849 shares, according to the latest SEC report filing. PDD stock had 76 new institutional investments in for a total of 7,665,890 shares, while 55 institutional investors sold positions of 2,239,521 shares during the same period.