PDD Holdings Inc ADR [NASDAQ: PDD] loss -3.86% or -4.02 points to close at $100.07 with a heavy trading volume of 21457737 shares.
The daily chart for PDD points out that the company has recorded -36.49% loss over the past six months.
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If we look at the average trading volume of 16.59M shares, PDD reached to a volume of 21457737 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 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 $151.66 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 1.45. 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.
JP Morgan have made an estimate for PDD Holdings Inc ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 22, 2024. While these analysts kept the previous recommendation, Macquarie raised their target price from $126 to $224. The new note on the price target was released on October 07, 2024, representing the official price target for PDD Holdings Inc ADR stock. Previously, the target price had yet another drop from $194 to $120, while Citigroup kept a Neutral rating on PDD stock. On August 26, 2024, analysts decreased their price target for PDD shares from 193 to 151.
The Average True Range (ATR) for PDD Holdings Inc ADR is set at 5.32, with the Price to Sales ratio for PDD stock in the period of the last 12 months amounting to 2.69. The Price to Book ratio for the last quarter was 3.50, with the Price to Cash per share for the same quarter was set at 37.86.
Trading performance analysis for PDD stock
PDD Holdings Inc ADR [PDD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.22. With this latest performance, PDD shares dropped by -17.56% in over the last four-week period, additionally sinking by -36.49% over the last 6 months – not to mention a drop of -14.79% 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 28.33, with the RSI for the last a single of trading hit 21.56, and the three-weeks RSI is set at 33.74 for PDD Holdings Inc ADR [PDD]. The present Moving Average for the last 50 days of trading for this stock 123.24, while it was recorded at 111.13 for the last single week of trading, and 127.85 for the last 200 days.
PDD Holdings Inc ADR [PDD]: A deeper dive into fundamental analysis
PDD Holdings Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.15 and a Current Ratio set at 2.15.
PDD Holdings Inc ADR [PDD]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, PDD Holdings Inc ADR posted 17.32/share EPS, while the average EPS was predicted by analysts to be reported at 11.89/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.43. 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 21.17%.
An analysis of Institutional ownership at PDD Holdings Inc ADR [PDD]
The top three institutional holders of PDD stocks are: BAILLIE GIFFORD & CO with ownership of 35.13 million shares, which is approximately 2.5503%. BLACKROCK INC., holding 29.12 million shares of the stock with an approximate value of $$3.87 billion in PDD stocks shares; and BLACKROCK INC., currently with $$3.76 billion in PDD stock with ownership which is approximately 2.0506%.
