In yesterday’s Wall Street session, PDD Holdings Inc ADR (NASDAQ:PDD) shares traded at $117.72, down -0.83% from the previous session.
45 analysts cover PDD Holdings Inc ADR (NASDAQ:PDD), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1159.38 and a low of $576.04, we find $875.26. Given the previous closing price of $118.70, this indicates a potential upside of 637.37 percent. PDD stock price is now 12.07% away from the 50-day moving average and 38.46% away from the 200-day moving average. The market capitalization of the company currently stands at $156.40B.
The stock has received a hold rating from 3 analysts and a buy rating from 36. Brokers who have rated the stock have averaged $914.65 as their price target over the next twelve months.
A total of 5.01% of the company’s stock is owned by insiders.
On Monday morning PDD Holdings Inc ADR (NASDAQ: PDD) stock kicked off with the opening price of $118.70. During the past 12 months, PDD Holdings Inc ADR has had a low of $59.67 and a high of $120.31. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 1.91, and a quick ratio of 1.91. According to the stock market information, the enterprise value for the company is $133.70B, which is based on a 28.91 price-to-earnings ratio, a 1.35 price-to-earnings-growth ratio, and a beta of 0.65. The fifty day moving average price for PDD is $105.04 and a two-hundred day moving average price translates $85.02 for the stock.
The latest earnings results from PDD Holdings Inc ADR (NASDAQ: PDD) was released for Jun, 2023. According to the Internet Retail Company, earnings per share came in at $1.46, beating analysts’ expectations of $1.01 by 0.45. This compares to $0.93 EPS in the same period last year. The net profit margin was 24.97% and return on equity was 35.28% for PDD. The company reported revenue of $7.21 billion for the quarter, compared to $4.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 53.6 percent. For the current quarter, analysts expect PDD to generate $7.69B in revenue.
PDD Holdings Inc ADR(PDD) Company Profile
PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace. It focuses on bringing businesses and people into the digital economy. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.
