The price of PDD Holdings Inc ADR (NASDAQ:PDD) shares last traded on Wall Street fell -2.54% to $119.87.
PDD stock price is now -7.55% away from the 50-day moving average and 9.76% away from the 200-day moving average. The market capitalization of the company currently stands at $159.26B.
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With the price target enhanced from $117 to $157, Jefferies Upgraded its rating from Hold to Buy for PDD Holdings Inc ADR (NASDAQ: PDD). On March 11, 2024, Goldman Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $136, while ‘UBS’ rates the stock as ‘Buy’
A total of 2.29% of the company’s stock is owned by insiders.
During the past 12 months, PDD Holdings Inc ADR has had a low of $59.67 and a high of $152.99. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 1.93, and a quick ratio of 1.83. According to the stock market information, the enterprise value for the company is $137.92B, which is based on a 20.87 price-to-earnings ratio, a 0.79 price-to-earnings-growth ratio, and a beta of 0.66. The fifty day moving average price for PDD is $129.66 and a two-hundred day moving average price translates $109.21 for the stock.
The latest earnings results from PDD Holdings Inc ADR (NASDAQ: PDD) was released for Dec, 2023. According to the Internet Retail Company, earnings per share came in at $2.4, beating analysts’ expectations of $1.58 by 0.82. This compares to $1.03 EPS in the same period last year. The net profit margin was 24.22% and return on equity was 38.83% for PDD. The company reported revenue of $9.44 billion for the quarter, compared to $4.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 89.04 percent. For the current quarter, analysts expect PDD to generate $10.32B in revenue.
