PDD Holdings Inc ADR’s stock (PDD) continues to rise above its goal

A share price of PDD Holdings Inc ADR [PDD] is currently trading at $101.35, down -1.04%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PDD shares have lost -2.00% over the last week, with a monthly amount drifted -13.60%, 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 November 22, 2024, when JP Morgan downgraded its rating to a Neutral. Previously, Macquarie upgraded its rating to Outperform on October 07, 2024, and elevated its price target to $224. On August 27, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $120 on the stock. Jefferies reiterated its Buy rating and decreased its price target to $151 on August 26, 2024. Macquarie downgraded its rating to a Neutral. Goldman upgraded its rating to Buy for this stock on May 24, 2024, and upped its price target to $184. In a note dated March 11, 2024, Jefferies upgraded an Buy rating on this stock and boosted its target price from $117 to $157.

PDD Holdings Inc ADR experienced fluctuations in its stock price throughout the past year between $88.01 and $164.69. Currently, Wall Street analysts expect the stock to reach $168 within the next 12 months. PDD Holdings Inc ADR [NASDAQ: PDD] shares were valued at $101.35 at the most recent close of the market. An investor can expect a potential return of 65.76% based on the average PDD price forecast.

Analyzing the PDD fundamentals

Trailing Twelve Months sales for PDD Holdings Inc ADR [NASDAQ:PDD] were 51.64B which represents 45.92% growth. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.23, Equity is 0.46 and Total Capital is 0.37. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.

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 100.21 points at the first support level, and at 99.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.07, and for the 2nd resistance point, it is at 104.80.

Ratios To Look Out For

To put it in perspective, the Current Ratio for PDD Holdings Inc ADR [NASDAQ:PDD] is 2.15. Further, the Quick Ratio stands at 2.15, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 2.73, the price to book ratio is 3.55 and price to earnings (TTM) ratio is 9.97.

Transactions by insiders

Recent insider trading involved Zhao Jiazhen, Officer, that happened on Dec 09 ’24 when 16.0 shares were purchased. Director, Kam Anthony Ping Leung completed a deal on Sep 25 ’24 to buy 2343.0 shares.

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