Pinduoduo Inc. (NASDAQ:PDD) traded with an addition of $2.05 to $89.47 on Wednesday, an upside of 2.35 percent. An average of 5,006,886 shares of common stock have been traded in the last five days. There was a gain of $0.65 in the past week. The last 20 days have seen an average of 5,984,082 shares traded, while the 50-day average volume stands at 8,190,417.
PDD stock has decreased by -14.49% in the last month. The company shares reached their 1-month lowest point of $83.75 on 10/04/21. With the stock rallying to its 52-week high on 02/16/21, shares of the company touched a low of $71.31 and a high of $212.60 in 52 weeks. In spite of this, the price is down -57.92% from the 52-week high.
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Pinduoduo Inc. (PDD) has a trailing price-to-earnings (P/E) ratio of 21.00 for the broader industry and 19.85 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.45, the price-to-book (PB) ratio at 10.89, and the price-to-cash flow ratio at 26.99.
Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.17 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 61.10% against a 5-year average of 53.7%. Pinduoduo Inc.’s EBITDA margin for the year ending June 29 is -14.67%, while its operating margin for the same period stands at -6.40%. Its gross profit as reported stood at $6.16 billion compared to revenue of $9.12 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Pinduoduo Inc.’s return on assets was -1.90%, compared to -15.8% over the last five years. For the broader industry, ROE averaged 10.33 over the past year.
For the three-month period that ended June 29, Pinduoduo Inc. had $9.89 billion in cash. The analyst consensus anticipated Pinduoduo Inc.’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be $0.44, a 320.00% surprise. For the quarter, EBITDA amounted to $309.37 million.
From a technical analysis perspective, let’s take a brief look at Pinduoduo Inc. (PDD) price momentum. RSI 9-day as of the close on 05 October was 42.99%, suggesting the stock is Neutral, with historical volatility in this time frame at 54.72%.
As of today, PDD’s price is $88.21 +0.73% or $0.65 from its 5-day moving average. PDD is currently trading -14.33% lower than its 20-day SMA and -24.19% lower than its 100-day SMA. However, the stock’s current price level is +12.80% above the SMA50 and -39.94% below the SMA200.
The stochastic %K and %D were 20.02% and 13.36%, respectively, and the average true range (ATR) was 4.70. With the 14-day stochastic at 32.66% and the average true range at 4.91, the RSI (14) stands at 43.78%. The stock has reached -2.59 on the 9-day MACD Oscillator while the 14-day reading was at -5.16.
China Renaissance upgraded Pinduoduo Inc. (NASDAQ: PDD) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Hold.The consensus rating for Pinduoduo Inc. (PDD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PDD, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 25 others rate it as a “buy”.
What is PDD’s price target for the next 12 months?
Analysts predict a range of price targets between $570.02 and $1387.72, with a median target of $861.10. Taking a look at these predictions, the average price target given by analysts for Pinduoduo Inc. (PDD) stock is $881.81.