While PDD Holdings Inc ADR has underperformed by -5.29%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PDD fell by -24.81%, with highs and lows ranging from $164.69 to $88.01, whereas the simple moving average fell by -17.20% in the last 200 days.
On November 22, 2024, JP Morgan Downgraded PDD Holdings Inc ADR (NASDAQ: PDD) to Neutral. A report published by Macquarie on October 07, 2024, Upgraded its rating to ‘Outperform’ for PDD. Citigroup also Downgraded PDD shares as ‘Neutral’, setting a target price of $120 on the company’s shares in a report dated August 27, 2024. Jefferies Reiterated the rating as Buy on August 26, 2024, but set its price target from $193 to $151. Macquarie August 26, 2024d its ‘Outperform’ rating to ‘Neutral’ for PDD, as published in its report on August 26, 2024. Goldman’s report from May 24, 2024 suggests a price prediction of $184 for PDD shares, giving the stock a ‘Buy’ rating. Jefferies also rated the stock as ‘Buy’.
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Analysis of PDD Holdings Inc ADR (PDD)
Further, the quarter-over-quarter increase in sales is 45.92%, showing a positive trend in the upcoming months.
To gain a thorough understanding of PDD Holdings Inc ADR’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 48.55% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.15, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and PDD is recording an average volume of 13.53M. On a monthly basis, the volatility of the stock is set at 3.12%, whereas on a weekly basis, it is put at 3.28%, with a gain of 6.14% over the past seven days. Furthermore, long-term investors anticipate a median target price of $146.91, showing growth from the present price of $104.49, which can serve as yet another indication of whether PDD is worth investing in or should be passed over.
How Do You Analyze PDD Holdings Inc ADR Shares?
A leading company in the Internet Retail sector, PDD Holdings Inc ADR (PDD) is based in the China. When comparing PDD Holdings Inc ADR shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 10.27, there is a growth in quarterly earnings of 61.33%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.75%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 29.36% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PDD shares are owned by institutional investors to the tune of 29.36% at present.
