At the time of writing, PDD Holdings Inc ADR [PDD] stock is trading at $126.19, down -0.96%. An important factor to consider is whether the stock is rising or falling in short-term value. The PDD shares have lost -1.10% over the last week, with a monthly amount drifted -7.34%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
PDD Holdings Inc ADR [NASDAQ: PDD] stock has seen the most recent analyst activity on May 24, 2024, when Goldman upgraded its rating to a Buy and also boosted its price target to $184 from $145. Previously, Jefferies upgraded its rating to Buy on March 11, 2024, and elevated its price target to $157. On March 11, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $136 on the stock. Goldman upgraded its rating to a Buy and raised its price target to $129 on August 30, 2023. Goldman downgraded its rating to Neutral for this stock on April 25, 2023, and downed its price target to $93. In a note dated March 02, 2023, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $77 to $113.
For the past year, the stock price of PDD Holdings Inc ADR fluctuated between $75.44 and $164.69. Currently, Wall Street analysts expect the stock to reach $162.08 within the next 12 months. PDD Holdings Inc ADR [NASDAQ: PDD] shares were valued at $126.19 at the most recent close of the market. An investor can expect a potential return of 28.44% based on the average PDD price forecast.
Analyzing the PDD fundamentals
According to PDD Holdings Inc ADR [NASDAQ:PDD], the company’s sales were 41.32B for trailing twelve months, which represents an 119.55% jump. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 0.45 and Total Capital is 0.34. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 123.11 points at the first support level, and at 120.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 128.24, and for the 2nd resistance point, it is at 130.28.
Ratios To Look Out For
It is important to note that PDD Holdings Inc ADR [NASDAQ:PDD] has a current ratio of 2.09. On the other hand, the Quick Ratio is 2.09, and the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 4.06, the price to book ratio is 5.54 and price to earnings (TTM) ratio is 16.67.
