The PDD Holdings Inc ADR (NASDAQ: PDD) Metrics You Need To Know Right Now

PDD Holdings Inc ADR (NASDAQ:PDD) shares, rose in value, with the stock price down by -1.72% to the previous day’s close as strong demand from buyers drove the stock to $117.47.

Actively observing the price movement in the last trading, the stock closed the session at $119.52. The value of beta (5-year monthly) was 0.66 whereas the PE ratio was 20.45 over 12-month period. Referring to stock’s 52-week performance, its high was $152.99, and the low was $59.67. On the whole, PDD has fluctuated by -3.18% over the past month.

With the market capitalization of PDD Holdings Inc ADR currently standing at about $156.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 18, 2024 – Mar 22, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.4, which is expected to increase to $2.39 for fiscal year $8.74 and then to about $11.64 by fiscal year 2025. Data indicates that the EPS growth is expected to be 35.90% in 2025, while the next year’s EPS growth is forecast to be 33.20%.

Analysts have estimated the company’s revenue for the quarter at $10.43 billion, with a low estimate of $9.82 billion and a high estimate of $11.38 billion. According to the average forecast, sales growth in current quarter could jump up 134.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $52.01 billion, representing an increase of 52.00% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that PDD’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a Hold.

The stock’s technical analysis shows that the PEG ratio is about 0.77, with the price of PDD currently trading nearly -2.40% and -6.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.89, while the 7-day volatility ratio is showing 2.76% which for the 30-day chart, stands at 4.64%. Furthermore, PDD Holdings Inc ADR (PDD)’s beta value is 0.68, and its average true range (ATR) is 5.57.

A comparison of PDD Holdings Inc ADR (PDD) with its peers suggests the former has fared considerably weaker in the market. PDD showed an intraday change of -1.72% in last session, and over the past year, it grew by 56.96%%.

Data on historical trading for PDD Holdings Inc ADR (NASDAQ:PDD) indicates that the trading volumes over the past 10 days have averaged 12.97 million and over the past 3 months, they’ve averaged 8.67 million. According to company’s latest data on outstanding shares, there are 1.33 billion shares outstanding.

Nearly 2.29% of PDD Holdings Inc ADR’s shares belong to company insiders and institutional investors own 28.08% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.3 million shares as on Mar 15, 2024, resulting in a short ratio of 3. The stock has fallen by -19.71% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PDD stock heading into the next quarter.

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