Stocks of PDD Holdings Inc ADR (NASDAQ:PDD) traded higher last session on Wall Street, down -1.62% to $129.74.
PDD stock price is now -8.64% away from the 50-day moving average and -0.47% away from the 200-day moving average. The market capitalization of the company currently stands at $172.37B.
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With the price target enhanced from $145 to $184, Goldman Upgraded its rating from Neutral to Buy for PDD Holdings Inc ADR (NASDAQ: PDD). On March 11, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $117 to quote $157, while ‘Goldman’ rates the stock as ‘Neutral’
A total of 1.67% of the company’s stock is owned by insiders.
During the past 12 months, PDD Holdings Inc ADR has had a low of $75.44 and a high of $164.69. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 2.09, and a quick ratio of 2.09. According to the stock market information, the enterprise value for the company is $482174205952, which is based on a 17.14 price-to-earnings ratio, a 0.39 price-to-earnings-growth ratio, and a beta of 0.62. The fifty day moving average price for PDD is $141.8002 and a two-hundred day moving average price translates $130.4773 for the stock.
The latest earnings results from PDD Holdings Inc ADR (NASDAQ: PDD) was released for 2024-03-31. The net profit margin was 26.93% and return on equity was 45.72% for PDD. The company reported revenue of $12.02 billion for the quarter, compared to $5.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 119.39 percent.
