PDD Holdings Inc ADR (NASDAQ:PDD) shares traded -2.28% lower at $102.27 on Wall Street last session.
PDD stock price is now -13.38% away from the 50-day moving average and -18.74% away from the 200-day moving average. The market capitalization of the company currently stands at $142.03B.
On October 07, 2024, Macquarie Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $126 to quote $224, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Zhao Jiazhen, Officer bought 16 shares of the company’s stock on Dec 09 ’24. The stock was bought for $1,598 at an average price of $99.89. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 25 ’24, Director Kam Anthony Ping Leung bought 2,343 shares of the business’s stock. A total of $266,633 was incurred on buying the stock at an average price of $113.80. A total of 2.75% 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 2.15, and a quick ratio of 2.15. According to the stock market information, the enterprise value for the company is $369469816832, which is based on a 10.06 price-to-earnings ratio, a 0.47 price-to-earnings-growth ratio, and a beta of 0.65. The fifty day moving average price for PDD is $118.063 and a two-hundred day moving average price translates $125.85195 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 29.09% and return on equity was 48.55% for PDD. The company reported revenue of $14.16 billion for the quarter, compared to $9.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 50.05 percent.
