PDD Holdings Inc. (NASDAQ:PDD) finished Thursday with an addition of $0.35 to close at $78.27, an upside of 0.45 percent. An average of 8,469,700 shares of common stock have been traded in the last five days. There was a fall of -$1.39 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 8,151,240 shares traded, while the 50-day average volume stands at 8,825,300.
PDD stock has decreased by -6.94% in the last month. The company shares reached their 1-month lowest point of $75.44 on 08/21/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $38.80 and a high of $106.38 in 52 weeks. It has reached a new high 6 times so far this year and lost -4.02% or -$3.28 in price. In spite of this, the price is down -26.42% from the 52-week high.
Valuation Metrics
PDD Holdings Inc. (PDD) has a trailing price-to-earnings (P/E) ratio of 22.32. The stock’s beta is 0.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.40, the price-to-book (PB) ratio at 5.96, and the price-to-cash flow ratio at 13.23.
Financial Health
Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.12 for the quarter ending March 30. Its gross profit as reported stood at $14.37 billion compared to revenue of $18.93 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, PDD Holdings Inc.’s return on assets was 16.90%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $4.57 billion in the quarter, while revenues were grew 73.34%. The analyst consensus anticipated PDD Holdings Inc.’s latest quarter earnings to come in at $0.53 per share, but it turned out to be $0.97, a 83.00% surprise. For the quarter, EBITDA amounted to $1.01 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at PDD Holdings Inc. (PDD) price momentum. RSI 9-day as of the close on 24 August was 41.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.73%.
As of today, PDD’s price is $77.74 -1.74% or -$1.39 from its 5-day moving average. PDD is currently trading -7.41% lower than its 20-day SMA and +3.12% higher than its 100-day SMA. However, the stock’s current price level is +1.05% above the SMA50 and +26.47% above the SMA200.
The stochastic %K and %D were 17.24% and 15.12%, respectively, and the average true range (ATR) was 3.43. With the 14-day stochastic at 22.14% and the average true range at 3.58, the RSI (14) stands at 45.72%. The stock has reached -0.74 on the 9-day MACD Oscillator while the 14-day reading was at -2.59.
Analyst Ratings
Goldman downgraded PDD Holdings Inc. (NASDAQ: PDD) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy.
