Pinduoduo Inc. (NASDAQ:PDD) saw an upside of 2.65% to close Monday at $95.30 after adding $2.46 on the day. The 5-day average trading volume is 6,829,120 shares of the company’s common stock. It has gained $97.58 in the past week and touched a new high 2 times within the past 5 days. An average of 7,764,265 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,510,526.
PDD’s 1-month performance is 11.27% or $11.27 on its low of $78.82 reached on 12/28/22. The company’s shares have touched a 52-week low of $23.21 and high of $99.30, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, PDD has achieved 16.86% or $13.75 and has reached a new high 4 times. However, the current price is down -4.03% from the 52-week high price.
PDD stock has a beta of 0.71. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.72 while the price-to-book (PB) in the most recent quarter is 7.61, with the price to cash flow ratio at 20.68.
. In terms of profitability, the gross margin trailing 12 months is 75.40%. The firm’s gross profit as reported stood at $9.77 billion against revenue of $14.74 billion.
For the quarterly period ending September 29 this year, Pinduoduo Inc.’s cash and short-term investments amounted to $13.58 billion against total debt of $17.01 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 182.1% to $1.22 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected PDD to announce $0.69 per share in earnings in its latest quarter, but it posted $1.27, representing a 84.10% surprise. EBITDA for the quarter stood at more than $1.47 billion. PDD stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 14.34 billion, with total debt at $17.01 billion.
Let’s look briefly at Pinduoduo Inc. (PDD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 60.98% to suggest the stock is trending Neutral, with historical volatility in this time period at 44.68%.
The stock’s 5-day moving average is $92.55, reflecting a -1.75% or -$1.70 change from its current price. PDD is currently trading +10.90% above its 20-day SMA, +44.31% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +51.46% and SMA200 by+103.55%.
Stochastic %K and %D was 64.29% and 60.91% and the average true range (ATR) pointed at 4.42. The RSI (14) points at 61.08%, while the 14-day stochastic is at 73.46% with the period’s ATR at 4.46. The stock’s 9-day MACD Oscillator is pointing at -0.58 and -0.27 on the 14-day charts.
In the most recent analyst report for Pinduoduo Inc. (NASDAQ: PDD), Barclays upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for PDD stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate PDD as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 8 rates the stock as overweight while 41 have offered a “buy” rating.
What is PDD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $520.17 and a high of $986.78, with their median price target at $754.59. Looking at these predictions, the average price target given by analysts is for Pinduoduo Inc. (PDD) stock is $749.67.