The price of PDD Holdings Inc ADR (NASDAQ:PDD) shares last traded on Wall Street rose 0.40% to $146.77.
PDD stock price is now 17.24% away from the 50-day moving average and 23.44% away from the 200-day moving average. The market capitalization of the company currently stands at $195.00B.
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With the price target enhanced from $117 to $157, Jefferies Upgraded its rating from Hold to Buy for PDD Holdings Inc ADR (NASDAQ: PDD). On March 11, 2024, Goldman Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $136, while ‘UBS’ rates the stock as ‘Buy’
A total of 1.90% of the company’s stock is owned by insiders.
During the past 12 months, PDD Holdings Inc ADR has had a low of $59.98 and a high of $152.99. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 1.93, and a quick ratio of 1.93. According to the stock market information, the enterprise value for the company is $608275529728, which is based on a 25.56 price-to-earnings ratio, a 0.96 price-to-earnings-growth ratio, and a beta of 0.63. The fifty day moving average price for PDD is $125.9158 and a two-hundred day moving average price translates $119.18895 for the stock.
The latest earnings results from PDD Holdings Inc ADR (NASDAQ: PDD) was released for 2023-12-31. The net profit margin was 24.22% and return on equity was 38.83% for PDD. The company reported revenue of $12.75 billion for the quarter, compared to $5.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 132.27 percent.
