PDD Holdings Inc. [NASDAQ: PDD] price surged by 2.72 percent to reach at $2.28. The company report on January 16, 2023 that Temu Empowers Shoppers With Headstart to Affordable Valentine’s Day Shopping.
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It’s never too early to start shopping for Valentine’s Day. Temu, the online marketplace empowering consumers to live their best lives, is making it easy for shoppers to find the perfect gifts for their loved ones with a wide range of Valentine’s Day deals.
Enjoy Valentine’s Day shopping with Temu’s wide range of gifts and special deals, housed conveniently in a special Valentine’s Day section on the website and app. Prices start from less than a dollar with discounts of up to 90% off and range from romantic jewelry to home decor items like candles, photo frames, and bedding sets.
A sum of 8456662 shares traded at recent session while its average daily volume was at 9.60M shares. PDD Holdings Inc. shares reached a high of $86.67 and dropped to a low of $84.555 until finishing in the latest session at $86.00.
The one-year PDD stock forecast points to a potential upside of 19.6. The average equity rating for PDD stock is currently 1.60, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on PDD Holdings Inc. [PDD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PDD shares is $106.96 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 1.60. 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 PDD Holdings 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 PDD Holdings 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 PDD Holdings Inc. is set at 4.61, with the Price to Sales ratio for PDD stock in the period of the last 12 months amounting to 6.55. The Price to Book ratio for the last quarter was 7.00, with the Price to Cash per share for the same quarter was set at 15.34. Price to Free Cash Flow for PDD in the course of the last twelve months was 20.14.
PDD Stock Performance Analysis:
PDD Holdings Inc. [PDD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.94. With this latest performance, PDD shares dropped by -17.83% in over the last four-week period, additionally plugging by 43.74% over the last 6 months – not to mention a rise of 68.43% 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 42.20, with the RSI for the last a single of trading hit 39.45, and the three-weeks RSI is set at 45.25 for PDD Holdings Inc. [PDD]. The present Moving Average for the last 50 days of trading for this stock 91.77, while it was recorded at 84.75 for the last single week of trading, and 67.41 for the last 200 days.
Insight into PDD Holdings Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and PDD Holdings Inc. [PDD] shares currently have an operating margin of +7.34 and a Gross Margin at +65.40. PDD Holdings 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.
PDD Holdings Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 2.30.
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 PDD Holdings Inc. go to 66.83%.
PDD Holdings Inc. [PDD] Insider Position Details
Positions in PDD Holdings Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 278 institutional holders increased their position in PDD Holdings Inc. [NASDAQ:PDD] by around 64,865,548 shares. Additionally, 186 investors decreased positions by around 45,310,980 shares, while 44 investors held positions by with 215,911,304 shares. The mentioned changes placed institutional holdings at 326,087,832 shares, according to the latest SEC report filing. PDD stock had 101 new institutional investments in for a total of 13,822,544 shares, while 50 institutional investors sold positions of 13,188,787 shares during the same period.