Estimating Price Trends For PDD Holdings Inc ADR (NASDAQ: PDD)

PDD Holdings Inc ADR (NASDAQ:PDD) does about 8.67M shares in volume on a normal day but saw 9722918 shares change hands in Monday’s trading. The company now has a market cap of 186.69B USD. Its current market price is $140.52, marking an increase of 3.12% compared to the previous close of $136.27. The 52 week high reached by this stock is $152.99 whilst the lowest price level in 52 weeks is $59.98.

PDD Holdings Inc ADR (PDD) has a 20-day trading average at $128.59 and the current price is -8.15% off the 52-week high compared with 134.28% distance from its 52-week low. The 50-day simple moving average of the closing price is $123.34 and its 200-day simple moving average is $117.82. If we look at the stock’s price movements over the week, volatility stands at 3.29%, which increases to 3.66% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 66.35 to suggest the stock is neutral.

The consensus objective for the share price is $179.68, suggesting that the stock has a potential upside of 21.79% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 11, 2024 when Jefferies upgraded the stock to “Buy” and issued a price target of between $117 and $157. Goldman downgraded the stock to “Neutral” from Buy on March 11, 2024 at a price target of $136. UBS resumed its price target at $115-$137.

PDD Holdings Inc ADR (PDD) stock is up 1.36% over the week and 21.66% over the past month. Its price is -3.96% year-to-date and 115.62% over the past year.

To reach the target analysts have set, the stock logically needs to grow 21.79 percent from here.

The company has a return on investment of 30.59% and return on equity of 38.83%. The price to earnings ratio (P/E ratio) amounts to 24.47 while the forward price to earnings ratio is 12.38. The beta has a value of 0.61. Price to book ratio is 7.32 and price to sales ratio is 5.37.