PDD Holdings Inc ADR (PDD) Stock Could Soon Reward Patient Investors

PDD Holdings Inc ADR (NASDAQ: PDD) is -19.93% lower on its value in year-to-date trading and has touched a low of $88.01 and a high of $164.69 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 $117.81 in the last trading session, with the day’s loss setting it -0.66%.

Currently trading at $117.15, the stock is -4.85% and -2.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.27 million and changing -0.56% at the moment leaves the stock -8.82% off its SMA200. PDD registered 8.14% gain for a year compared to 6-month gain of -16.63%. The firm has a 50-day simple moving average (SMA 50) of $119.6252 and a 200-day simple moving average (SMA200) of $128.60765.

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The stock witnessed a -19.07% loss in the last 1 month and extending the period to 3 months gives it a -18.66%, and is -4.23% down 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 3.91% over the week and 3.45% over the month.

PDD Holdings Inc ADR (PDD) has around 17403 employees, a market worth around $162.69B and $47.27B in sales. Current P/E ratio is 12.63 and Fwd P/E is 8.32. Profit margin for the company is 28.94%. Distance from 52-week low is 33.11% and -28.87% from its 52-week high. The company has generated returns on investments over the last 12 months (37.95%).

with sales reaching $14.3B over the same period.The EPS is expected to grow by 83.48% this year, but quarterly earnings will post 63.50% year-over-year. Quarterly sales are estimated to grow 48.00% in year-over-year returns.

PDD Holdings Inc ADR (PDD) Top Institutional Holders

The shares outstanding are 1.38B, and float is at 1.35B with Short Float at 2.45%.

The top institutional shareholder in the company is BAILLIE GIFFORD & CO with over 35.13 million shares valued at $4.67 billion. The investor’s holdings represent 2.5503% of the PDD Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 29.12 million shares valued at $3.87 billion to account for 2.1138 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 28.25 million shares representing 2.0506% and valued at over $3.76 billion, while FMR LLC holds 1.3994 of the shares totaling 19.28 million with a market value of $2.56 billion.