PDD Holdings Inc ADR [PDD] stock is trading at $117.47, down -1.72%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PDD shares have gain 0.69% over the last week, with a monthly amount drifted -3.18%, and not seem to be holding up well over a long-time horizon.
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On 20, March 2024, PDD Holdings Announces Fourth Quarter 2023 and Fiscal Year 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 fourth quarter ended and the fiscal year ended December 31, 2023.
From an analyst’s perspective:
PDD Holdings Inc ADR [NASDAQ: PDD] stock has seen the most recent analyst activity on March 11, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $157 from $117. Previously, Goldman downgraded its rating to Neutral on March 11, 2024, and kept the price target unchanged to $136. Goldman upgraded its rating to a Buy and increased its price target to $129 on August 30, 2023. Goldman downgraded its rating to a Neutral and reduced its price target to $93 on April 25, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on March 02, 2023, and upped its price target to $113. In a note dated October 27, 2022, Barclays upgraded an Overweight rating on this stock and boosted its target price from $66 to $70.
PDD Holdings Inc ADR [PDD] stock has fluctuated between $59.67 and $152.99 over the past year. Currently, Wall Street analysts expect the stock to reach $131.63 within the next 12 months. PDD Holdings Inc ADR [NASDAQ: PDD] shares were valued at $117.47 at the most recent close of the market. An investor can expect a potential return of 12.05% based on the average PDD price forecast.
Analyzing the PDD fundamentals
PDD Holdings Inc ADR [NASDAQ:PDD] reported sales of 34.74B for the trailing twelve months, which represents a growth of 119.74%. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.33 and Total Capital is 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
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 116.34 points at the first support level, and at 115.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 119.67, and for the 2nd resistance point, it is at 121.86.
PDD Holdings Inc ADR [PDD] reported earnings per share of $2.39 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.58/share, meaning a difference of $0.81 and a surprise factor of 51.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.63 per share as compared to estimates of $1.22 per share, a difference of $0.41 representing a surprise of 33.60%.
Ratios To Look Out For
For context, PDD Holdings Inc ADR’s Current Ratio is 1.93. As well, the Quick Ratio is 1.83, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 4.49, the price to book ratio is 7.03 and price to earnings (TTM) ratio is 20.45.
