PDD Holdings Inc ADR (NASDAQ: PDD) is -24.90% lower on its value in year-to-date trading and has touched a low of $87.11 and a high of $155.67 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 $105.75 in the last trading session, with the day’s loss setting it -95.49%.
Currently trading at $10.26M, the stock is 3.18% and -0.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.01 million and changing 4006289% at the moment leaves the stock -5.86% off its SMA200. PDD registered 8.40% gain for a year compared to 6-month loss of 4.53%. The firm has a 50-day simple moving average (SMA 50) of $105.7122 and a 200-day simple moving average (SMA200) of $111.67975.
The stock witnessed a 7.42% gain in the last 1 month and extending the period to 3 months gives it a -15.46%, and is 3.88% 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 2.68% over the week and 2.36% over the month.
PDD Holdings Inc ADR (PDD) has around 23465 employees, a market worth around $146.02B and $55.80B in sales. Current P/E ratio is 11.32 and Fwd P/E is 9.10. Profit margin for the company is 24.64%. Distance from 52-week low is 20.70% and -32.46% from its 52-week high. The company has generated returns on investments over the last 12 months (29.91%).
The EPS is expected to shrink by -24.05% this year.
PDD Holdings Inc ADR (PDD) Top Institutional Holders
1044.0 institutions hold shares in PDD Holdings Inc ADR (PDD), with institutional investors hold 32.57% of the company’s shares. The shares outstanding are 1.39B, and float is at 1.35B with Short Float at 2.38%. Institutions hold 32.57% of the Float.
The top institutional shareholder in the company is MORGAN STANLEY with over 11.98 million shares valued at $1.59 billion. The investor’s holdings represent 0.8082% of the PDD Shares outstanding. As of 2024-06-30, the second largest holder is BAILLIE GIFFORD & CO with 35.13 million shares valued at $4.67 billion to account for 0.5926 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.
