PDD Holdings Inc ADR (NASDAQ:PDD) shares traded 11.24% higher at $113.80 on Wall Street last session.
PDD stock price is now -5.24% away from the 50-day moving average and -13.23% away from the 200-day moving average. The market capitalization of the company currently stands at $158.04B.
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With the price target reduced from $194 to $120, Citigroup Downgraded its rating from Buy to Neutral for PDD Holdings Inc ADR (NASDAQ: PDD). On August 26, 2024, Jefferies reiterated its ‘Buy’ rating on the stock by increasing its target price from $193 to quote $151, while ‘Macquarie’ rates the stock as ‘Neutral’
A total of 2.94% of the company’s stock is owned by insiders.
During the past 12 months, PDD Holdings Inc ADR has had a low of $88.01 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 2.11, and a quick ratio of 2.11. According to the stock market information, the enterprise value for the company is $354583904256, which is based on a 12.27 price-to-earnings ratio, a 0.42 price-to-earnings-growth ratio, and a beta of 0.68. The fifty day moving average price for PDD is $119.6112 and a two-hundred day moving average price translates $131.01045 for the stock.
The latest earnings results from PDD Holdings Inc ADR (NASDAQ: PDD) was released for 2024-06-30. The net profit margin was 28.94% and return on equity was 49.78% for PDD. The company reported revenue of $13.36 billion for the quarter, compared to $7.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 85.24 percent. For the current quarter, analysts expect PDD to generate $14.4B in revenue.
