Pinduoduo Inc. (NASDAQ: PDD) is -18.99% lower on its value in year-to-date trading and has touched a low of $33.90 and a high of $212.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PDD stock was last observed hovering at around $133.88 in the last trading session, with the day’s gains setting it 10.05% off its average median price target of $1140.82 for the next 12 months. It is also 91.07% off the consensus price target high of $1612.64 offered by 38 analysts, but current levels are 79.31% higher than the price target low of $695.78 for the same period.
Currently trading at $143.93, the stock is -0.35% and -14.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.17 million and changing 7.51% at the moment leaves the stock 18.16% off its SMA200. PDD registered 300.92% gain for a year compared to 6-month gain of 94.11%. The firm has a 50-day simple moving average (SMA 50) of $159.34 and a 200-day simple moving average (SMA200) of $138.30.
The stock witnessed a -14.71% loss in the last 1 month and extending the period to 3 months gives it a -19.64%, and is 12.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.89% over the week and 6.81% over the month.
Pinduoduo Inc. (PDD) has around 5828 employees, a market worth around $164.18B and $9.08B in sales. Fwd P/E is 164.49. Profit margin for the company is -12.10%. Distance from 52-week low is 324.57% and -32.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.30%).
Pinduoduo Inc. (PDD) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Pinduoduo Inc. (PDD) is a “Overweight”. 38 analysts offering their recommendations for the stock have an average rating of 2.10, where 7 rate it as a Hold and 6 think it is a “Overweight”. 22 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Pinduoduo Inc. is expected to release its quarterly report on 08/26/2021 and quarterly earnings per share for the current quarter are estimated at -$0.4 with sales reaching $3.06B over the same period.The EPS is expected to shrink by 0.00% this year, but quarterly earnings will post 77.70% year-over-year. Quarterly sales are estimated to grow 329.80% in year-over-year returns.
Pinduoduo Inc. (PDD) Top Institutional Holders
681 institutions hold shares in Pinduoduo Inc. (PDD), with 2.82M shares held by insiders accounting for 0.23% while institutional investors hold 31.69% of the company’s shares. The shares outstanding are 1.21B, and float is at 891.95M with Short Float at 1.84%. Institutions hold 31.62% of the Float.
The top institutional shareholder in the company is Baillie Gifford and Company with over 25.37 million shares valued at $4.51 billion. The investor’s holdings represent 2.89% of the PDD Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 19.35 million shares valued at $3.44 billion to account for 2.20% of the shares outstanding. The other top investors are FMR, LLC which holds 16.31 million shares representing 1.86% and valued at over $2.9 billion, while Tiger Global Management, LLC holds 1.60% of the shares totaling 14.05 million with a market value of $2.5 billion.