PDD Holdings Inc ADR [NASDAQ: PDD] surged by $0.4 during the normal trading session on while it closed the day at $117.87. The company report on March 20, 2024 at 6:30 AM that PDD Holdings Announces Fourth Quarter 2023 and Fiscal Year 2023 Unaudited Financial Results.
PDD Holdings Inc ADR stock has also gained 1.39% of its value over the past 7 days. However, PDD stock has declined by -20.22% in the 3 months of the year. Over the past six months meanwhile, it has gained 20.08% and lost -19.44% year-on date.
The market cap for PDD stock reached $156.60 billion, with 1.33 billion shares outstanding and 1.30 billion shares in the current float. Compared to the average trading volume of 8.67M shares, PDD reached a trading volume of 6143909 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about PDD Holdings Inc ADR [PDD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PDD shares is $180.59 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 1.23. 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.
Jefferies have made an estimate for PDD Holdings Inc ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 11, 2024. The new note on the price target was released on March 11, 2024, representing the official price target for PDD Holdings Inc ADR stock. Previously, the target price had yet another raise from $115 to $137, while UBS kept a Buy rating on PDD stock. On August 30, 2023, analysts increased their price target for PDD shares from 99 to 129.
The Average True Range (ATR) for PDD Holdings Inc ADR is set at 5.31, with the Price to Sales ratio for PDD stock in the period of the last 12 months amounting to 4.51. The Price to Book ratio for the last quarter was 7.06, with the Price to Cash per share for the same quarter was set at 29.63.
PDD stock trade performance evaluation
PDD Holdings Inc ADR [PDD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.39. With this latest performance, PDD shares gained by 1.05% in over the last four-week period, additionally plugging by 20.08% over the last 6 months – not to mention a rise of 61.02% 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 43.58, with the RSI for the last a single of trading hit 43.04, and the three-weeks RSI is set at 43.92 for PDD Holdings Inc ADR [PDD]. The present Moving Average for the last 50 days of trading for this stock 125.00, while it was recorded at 118.45 for the last single week of trading, and 111.08 for the last 200 days.
PDD Holdings Inc ADR [PDD]: An insightful look at the core fundamentals
PDD Holdings Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.83 and a Current Ratio set at 1.93.
Earnings per share (EPS) analysis for PDD Holdings Inc ADR [PDD] stock
With the latest financial reports released by the company, PDD Holdings Inc ADR posted 0.97/share EPS, while the average EPS was predicted by analysts to be reported at 0.53/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 83.00%. 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 ADR go to 26.59%.
PDD Holdings Inc ADR [PDD]: Institutional Ownership
The top three institutional holders of PDD stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PDD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PDD stock with ownership which is approximately 5.8386%.
