As of right now, PDD Holdings Inc. [PDD] is trading at $99.81, up 0.35%. An important factor to consider is whether the stock is rising or falling in short-term value. The PDD shares have gain 2.47% over the last week, with a monthly amount glided 25.29%, and seem to be holding up well over a long-time horizon.
On 29, August 2023, PDD Holdings Announces Second Quarter 2023 Unaudited Financial Results. In a post published today on Yahoo Finance, PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the second quarter ended June 30, 2023.
From an analyst’s perspective:
PDD Holdings Inc. [NASDAQ: PDD] stock has seen the most recent analyst activity on August 30, 2023, when Goldman upgraded its rating to a Buy and also boosted its price target to $129 from $99.
Through the last year, PDD Holdings Inc.’s stock price ranged from $38.80 to $106.38. Currently, Wall Street analysts expect the stock to reach $862.12 within the next 12 months. PDD Holdings Inc. [NASDAQ: PDD] shares were valued at $99.81 at the most recent close of the market. An investor can expect a potential return of 763.76% based on the average PDD price forecast.
Analyzing the PDD fundamentals
For PDD Holdings Inc., (PDD), the latest quarter sales were 7.45 billion, which represents an 58.20% increase. The company generates $1,492,353 in revenue per employee, while its income per employee is $360,499. Gross Margin for this corporation currently stands at +75.90% with Operating Margin at +23.29%, Pretax Margin comes in at +27.89%, and Net Margin reading is +24.16%. To continue investigating profitability, this company’s Return on Assets is posted at 14.98, Equity is 32.61, Total Capital is 27.23, and Invested Capital is 30.20. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 12.57 and enduring liabilities to the whole assets at 7.14.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 98.68 points at the first support level, and at 97.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 100.64, and for the 2nd resistance point, it is at 101.48.
PDD Holdings Inc. [PDD] reported earnings per share of $1.44 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1/share, meaning a difference of $0.44 and a surprise factor of 44.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.97 per share as compared to estimates of $0.53 per share, a difference of $0.44 representing a surprise of 83.00%.
Ratios To Look Out For
It is important to note that PDD Holdings Inc. [NASDAQ:PDD] has a current ratio of 1.90. On the other hand, the Quick Ratio is 1.85, and the Cash Ratio is 1.77. Considering the valuation of this stock, the price to sales ratio is 6.06, the price to book ratio is 6.35 and the P/E (TTM) ratio is 25.64.