The stock of PDD Holdings Inc. (NASDAQ:PDD) decreased by -$0.1 on Monday to finish at $81.45, down -0.12 percent. The last five days have seen an average of 6,988,560 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$0.10. The average number of shares traded over the last 20 days was 9,218,854, while the average volume over the last 50 days totaled 9,199,734.
PDD stock appreciated 2.47% since last month. On 07/20/23, the company’s shares reached a one-month low of $74.48. The stock touched a high of $106.38 on 01/27/23, after rallying from a low of $38.80 in 52 weeks. The price of PDD stock has declined by -0.12% or -$0.10 this year, reaching a new high 6 times. Still, the stock price is down -23.43% from the 52-week high.
Valuation Metrics
PDD Holdings Inc. (PDD) has a trailing price-to-earnings (P/E) ratio of 22.99. Beta for the stock is 0.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.58, the price-to-book (PB) ratio of 6.14, and the price-to-cash flow ratio of 13.68.
Financial Health
For the three months ended March 30, PDD Holdings Inc.’s current ratio was 1.90. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.01, and the total debt to equity ratio is 0.12. As far as profitability goes, gross margin for the trailing twelve months is 75.50% percent. PDD Holdings Inc.’s EBITDA margin for the year ended March 30 was 25.38%, whereas its operating margin stood at 24.40% for the same period. Based on annual data, it had gross profit of $14.37 billion and revenue of $18.93 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PDD’s return on assets (ROA) during the last 12 months has been 16.90%. There was a 19.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 33.50%.
Earnings Surprise
According to PDD Holdings Inc.’s quarterly financial report for the quarter that ended March 30, it had $16.69 billion in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $18.93 billion, while revenues rose by 22.12% to $0.0. It was predicted that PDD Holdings Inc.’s quarterly earnings would be $0.97, but it ended up being $0.53, beating the consensus by 83.00%. EBITDA was $1.01 billion for the quarter. At the end of PDD Holdings Inc.’s most recent quarter ended March 30, its liabilities totaled 16.54 billion, while its total debt was $16.97 billion.
Technical Picture
Here’s a quick look at PDD Holdings Inc.’s (PDD) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 44.68%, suggesting the stock is Neutral, with a 51.36% historical volatility rate.
The stochastic %K and %D were 26.65% and 38.66% respectively, while the average true range (ATR) was 3.94. Based on the 14-day stochastic reading of 15.56%, the RSI (14) reading is 50.16%. On the 9-day MACD Oscillator, the stock is at -1.97, and the 14-day reading is at -3.05.
Analyst Ratings
PDD Holdings Inc. (NASDAQ: PDD) was downgraded by Goldman to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned PDD Holdings Inc. (PDD) an Buy rating. PDD is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 6 rates it overweight and 36 others recommend it as a buy.
What is PDD’s price target for the next 12 months?
The current consensus forecast for the stock is between $557.34 and $1037.08, with a median target price of $757.30. In analyzing these forecasts, the average price target given by analysts for PDD Holdings Inc. (PDD) is $758.32.
