Pinduoduo Inc. (PDD) Is A Stock You Should Watch

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As of Wednesday close, Pinduoduo Inc.’s (NASDAQ:PDD) stock was down -$0.05, moving down -0.07 percent to $66.71. The average number of shares traded per day over the past five days has been 9,089,640 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.85 fall in that time frame. In the last twenty days, the average volume was 12,367,710, while in the previous 50 days, it was 12,277,648.

Since last month, PDD stock rose 40.35%. Shares of the company fell to $38.80 on 10/24/22, the lowest level in the past month. A 52-week high of $82.10 was reached on 09/02/22 after having rallying from a 52-week low of $23.21. Since the beginning of this year, PDD’s stock price has risen by 14.43% or $8.41, and marked a new high 7 times. However, the stock has declined by -18.75% since its 52-week high.


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Valuation Metrics

Right now, Pinduoduo Inc. (PDD) has a P/E ratio of about 34.48. The stock’s beta is 0.59. Besides these, the trailing price-to-sales (P/S) ratio of 5.84, the price-to-book (PB) ratio of 6.62, and the price-to-cash flow ratio of 17.13 may also be considered.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.16. On the profitability front, the trailing twelve-month gross margin is 72.90% percent. In the year ended June 29, operating margins totaled 19.10%. 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 25.40%.

According to the earnings report, the company had a lower 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 $0.38 quarterly earnings, the actual figure was $1.05 per share, beating the consensus estimate by 176.30%. During the quarter, the company generated $339.85 million in EBITDA. The liabilities of Pinduoduo Inc. were 14.52 billion at the end of its most recent quarter ended June 29, and its total debt was $15.81 billion.

Technical Picture

This quick technical analysis looks at Pinduoduo Inc.’s (PDD) price momentum. With a historical volatility rate of 59.48%, the RSI 9-day stood at 56.59% on 23 November.

With respect to its five-day moving average, the current Pinduoduo Inc. price is down by -1.26% percent or -$0.85. At present, PDD shares trade +25.65% above its 20-day simple moving average and +0.14% percent above its 100-day simple moving average. However, the stock is currently trading approximately -4.52% below its SMA50 and +10.89% above its SMA200.

Stochastic coefficient K was 68.41% and Stochastic coefficient D was 76.83%, while ATR was 4.53. Given the Stochastic reading of 58.76% for the 14-day period, the RSI (14) reading has been calculated as 56.63%. As of today, the MACD Oscillator reading stands at -0.85, while the 14-day reading stands at 1.27.

Analyst Ratings

Barclays upgraded its rating on Pinduoduo Inc. (NASDAQ: PDD) to an Overweight in a note to investors on October 27, 2022. The analysts firm previously had an Equal weight rating on the stock.Pinduoduo Inc. (PDD) has been rated Buy by analysts. According to 0 brokerage firms, PDD is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 6 analysts rate Pinduoduo Inc. stock as buy, with 37 recommending it as overweight.

With a median target price of $595.19, the current consensus forecast for the stock is $434.98 – $878.47. Based on these forecasts, analysts predict Pinduoduo Inc. (PDD) will achieve an average price target of $620.65.

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