Stocks of PDD Holdings Inc ADR (NASDAQ:PDD) traded higher last session on Wall Street, down -2.86% to $113.80.
PDD stock price is now -5.46% away from the 50-day moving average and -11.37% away from the 200-day moving average. The market capitalization of the company currently stands at $158.04B.
With the price target enhanced from $126 to $224, Macquarie Upgraded its rating from Neutral to Outperform for PDD Holdings Inc ADR (NASDAQ: PDD). On August 27, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $194 to quote $120, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Kam Anthony Ping Leung, Director bought 2,343 shares of the company’s stock on Sep 25 ’24. The stock was bought for $266,633 at an average price of $113.80. A total of 2.90% of the company’s stock is owned by insiders.
During the past 12 months, PDD Holdings Inc ADR has had a low of $88.01 and a high of $164.69. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 2.11, and a quick ratio of 2.11. According to the stock market information, the enterprise value for the company is $354583904256, which is based on a 12.27 price-to-earnings ratio, a 0.59 price-to-earnings-growth ratio, and a beta of 0.71. The fifty day moving average price for PDD is $120.046 and a two-hundred day moving average price translates $128.48454 for the stock.
The latest earnings results from PDD Holdings Inc ADR (NASDAQ: PDD) was released for 2024-06-30. The net profit margin was 28.94% and return on equity was 49.78% for PDD. The company reported revenue of $13.36 billion for the quarter, compared to $7.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 85.24 percent.
