PDD Holdings Inc ADR (NASDAQ: PDD) is -2.71% 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 $93.69 in the last trading session, with the day’s gains setting it 0.67%.
Currently trading at $94.36, the stock is -11.58% and -18.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.71 million and changing 0.72% at the moment leaves the stock -19.09% off its SMA200. PDD registered -16.81% loss for a year compared to 6-month gain of -25.93%. The firm has a 50-day simple moving average (SMA 50) of $115.2924 and a 200-day simple moving average (SMA200) of $116.6225.
The stock witnessed a -27.93% loss in the last 1 month and extending the period to 3 months gives it a -10.62%, and is 4.27% 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 3.08% over the week and 4.68% over the month.
Current P/E ratio is 8.94 and Fwd P/E is 6.36. Profit margin for the company is 28.54%. Distance from 52-week low is 8.32% and -42.70% 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 6.82% this year, but quarterly earnings will post 20.74% 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 31.96% 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 31.96% of the Float.
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 0.5926% of the PDD Shares outstanding. As of 2024-06-30, the second largest holder is JPMORGAN CHASE & CO with 8.28 million shares valued at $1.1 billion to account for 0.5587 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 29.12 million shares representing 0.4912% and valued at over $3.87 billion, while VANGUARD GROUP INC holds 0.4765 of the shares totaling 28.25 million with a market value of $3.76 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).
