PDD Holdings Inc ADR (NASDAQ: PDD) is -2.28% lower on its value in year-to-date trading and has touched a low of $87.11 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 $90.50 in the last trading session, with the day’s gains setting it 4.28%.
Currently trading at $94.78, the stock is -16.50% and -18.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.21 million and changing 4.73% at the moment leaves the stock -19.27% off its SMA200. PDD registered -21.75% loss for a year compared to 6-month loss of -33.06%. The firm has a 50-day simple moving average (SMA 50) of $116.646 and a 200-day simple moving average (SMA200) of $117.4089.
The stock witnessed a -22.65% gain in the last 1 month and extending the period to 3 months gives it a -1.25%, and is -5.23% 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 7.52% over the week and 5.37% over the month.
Current P/E ratio is 8.98 and Fwd P/E is 6.40. Profit margin for the company is 28.54%. Distance from 52-week low is 8.80% and -42.45% from its 52-week high. The company has generated returns on investments over the last 12 months (36.02%).
with sales reaching $103.37B over the same period.The EPS is expected to grow by 6.21% this year, but quarterly earnings will post 20.69% year-over-year. Quarterly sales are estimated to grow 19.07% in year-over-year returns.
PDD Holdings Inc ADR (PDD) Top Institutional Holders
1039.0 institutions hold shares in PDD Holdings Inc ADR (PDD), with institutional investors hold 31.88% of the company’s shares. The shares outstanding are 1.39B, and float is at 1.35B with Short Float at 1.91%. Institutions hold 31.88% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 28.25 million shares valued at $3.76 billion. The investor’s holdings represent 2.0506% of the PDD Shares outstanding. As of 2024-06-30, the second largest holder is GOLDMAN SACHS GROUP INC with 11.19 million shares valued at $1.49 billion to account for 0.8127 of the shares outstanding. The other top investors are BAILLIE GIFFORD & CO which holds 35.13 million shares representing 0.5926% and valued at over $4.67 billion, while JPMORGAN CHASE & CO holds 0.5587 of the shares totaling 8.28 million with a market value of $1.1 billion.
PDD Holdings Inc ADR (PDD) Insider Activity
#####
Still, SEC filings show that on Dec 09 ’24, Zhao Jiazhen (Officer) Proposed Sale 16 shares at an average price of $99.89 for $1598.0. The insider now directly holds shares of PDD Holdings Inc ADR (PDD).
