As of Friday close, Pinduoduo Inc.’s (NASDAQ:PDD) stock was up $3.49, moving up 10.20 percent to $37.72. The average number of shares traded per day over the past five days has been 11,578,239 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.47 fall in that time frame. In the last twenty days, the average volume was 12,578,710, while in the previous 50 days, it was 21,310,846.
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Since last month, PDD stock retreated -14.10%. Shares of the company fell to $31.01 on 05/12/22, the lowest level in the past month. A 52-week high of $143.11 was reached on 01/20/22 after having rallying from a 52-week low of $23.21. Since the beginning of this year, PDD’s stock price has dropped by -35.30% or -$20.58, and marked a new high 5 times. However, the stock has declined by -73.64% since its 52-week high.
Right now, Pinduoduo Inc. (PDD) has a P/E ratio of about 48.80. The stock’s beta is 1.18. Besides these, the trailing price-to-sales (P/S) ratio of 3.56, the price-to-book (PB) ratio of 4.21, and the price-to-cash flow ratio of 11.63 may also be considered.
In the three months ended September 29, Pinduoduo Inc.’s quick ratio stood at 1.70, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.16, and the total debt-to-equity ratio was 0.16. On the profitability front, the trailing twelve-month gross margin is 66.20% percent. In the year ended September 29, operating margins totaled 7.30%. Based on annual data, PDD earned $9.77 billion in gross profit and brought in $14.74 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.70%. Return on equity (ROE) for the past 12 months was 11.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PDD’s revenue rose 70.63% during the quarter, while net income inched up to $14.74 billion. While analysts expected Pinduoduo Inc. to report $0.02 quarterly earnings, the actual figure was $0.34 per share. During the quarter, the company generated $1.07 billion in EBITDA. The liabilities of Pinduoduo Inc. were 16.65 billion at the end of its most recent quarter ended September 29, and its total debt was $12.46 billion.
This quick technical analysis looks at Pinduoduo Inc.’s (PDD) price momentum. With a historical volatility rate of 98.12%, the RSI 9-day stood at 48.31% on 13 May.
With respect to its five-day moving average, the current Pinduoduo Inc. price is down by -1.23% percent or -$0.47. At present, PDD shares trade -5.77% below its 20-day simple moving average and -31.14% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.59% below its SMA50 and -59.04% below its SMA200.
Stochastic coefficient K was 25.86% and Stochastic coefficient D was 20.44%, while ATR was 3.83. Given the Stochastic reading of 45.68% for the 14-day period, the RSI (14) reading has been calculated as 47.04%. As of today, the MACD Oscillator reading stands at -2.96, while the 14-day reading stands at -3.45.
Pinduoduo Inc. (PDD) has been rated Overweight by analysts. According to 1 brokerage firm, PDD is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 7 analysts rate Pinduoduo Inc. stock as buy, with 29 recommending it as overweight.
With a median target price of $395.73, the current consensus forecast for the stock is $171.71 – $877.65. Based on these forecasts, analysts predict Pinduoduo Inc. (PDD) will achieve an average price target of $431.91.