What Pinduoduo Inc. (PDD) Insiders Are Up To

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Pinduoduo Inc. (NASDAQ:PDD) finished Thursday with an addition of $0.97 to close at $63.46, an upside of 1.55 percent. An average of 8,821,400 shares of common stock have been traded in the last five days. There was a fall of -$4.98 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 16,985,270 shares traded, while the 50-day average volume stands at 11,675,180.

PDD stock has increased by 25.64% in the last month. The company shares reached their 1-month lowest point of $46.73 on 08/23/22. With the stock rallying to its 52-week high on 09/02/22, shares of the company touched a low of $23.21 and a high of $104.30 in 52 weeks. It has reached a new high 7 times so far this year and achieved 8.85% or $5.16 in price. In spite of this, the price is down -39.16% from the 52-week high.


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Valuation Metrics

Pinduoduo Inc. (PDD) has a trailing price-to-earnings (P/E) ratio of 32.07. The stock’s beta is 0.62. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.62, the price-to-book (PB) ratio at 6.16, and the price-to-cash flow ratio at 16.50.

Financial Health

Further, the company has a long term debt to equity ratio of 0.16 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $9.77 billion compared to revenue of $14.74 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 11.20%.

Earnings Surprise

For the three-month period that ended June 29, Pinduoduo Inc. had $13.58 billion in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.22 billion in the quarter, while revenues were grew 182.1%. The analyst consensus anticipated Pinduoduo Inc.’s latest quarter earnings to come in at $0.39 per share, but it turned out to be $1.07, a 174.40% surprise. For the quarter, EBITDA amounted to $339.85 million.

Technical Picture

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 22 September was 45.07%, suggesting the stock is Neutral, with historical volatility in this time frame at 49.38%.

As of today, PDD’s price is $64.70 -7.28% or -$4.98 from its 5-day moving average. PDD is currently trading +19.26% higher than its 20-day SMA and +47.27% higher than its 100-day SMA. However, the stock’s current price level is +12.62% above the SMA50 and +13.30% above the SMA200.

The stochastic %K and %D were 14.63% and 19.79%, respectively, and the average true range (ATR) was 3.60. With the 14-day stochastic at 12.21% and the average true range at 3.81, the RSI (14) stands at 50.55%. The stock has reached -2.78 on the 9-day MACD Oscillator while the 14-day reading was at -3.58.

Analyst Ratings

HSBC Securities upgraded Pinduoduo Inc. (NASDAQ: PDD) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Pinduoduo Inc. (PDD) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PDD, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 6 analysts, while 39 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 $403.35 and $830.50, with a median target of $589.75. Taking a look at these predictions, the average price target given by analysts for Pinduoduo Inc. (PDD) stock is $603.12.

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