The Week Ahead: Are Investors Really Too Optimistic About PDD Holdings Inc ADR (NASDAQ: PDD)

PDD Holdings Inc ADR (NASDAQ:PDD) currently has a daily average trading volume of 15.55M but it saw 11818940 shares traded in last market. With a market cap of 169.90B USD, the company’s current market price of $122.34 came falling about -4.80 while comparing to the previous closing price of $128.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $164.69 and as low as $88.01. In the recent trading on the day, stock has struck highest price mark of $121.41 while lowest mark touched by it was $129.42.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Macquarie which upgraded the stock as “Outperform” in its note to investors issued on October 07, 2024, recommending a price target of between $126 and $224 for it. Citigroup downgraded its recommendation for the stock as a “Neutral” from “Buy” on August 27, 2024 while assigning a price target range of $194-$120. Jefferies issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $193 and $151.

Over the week, PDD’s stock price is moving -3.97% down while it is 7.50% when we observe its performance for the past one month. Year-to-date it is -16.38% down and over the past year, the stock is showing an upside performance of 17.42%.

Currently, PDD Holdings Inc ADR’s total number of outstanding shares is 1.38B. Company’s return on investment (ROI) stands at 37.95% and return on equity (ROE) at 49.78%. It has a price to earnings ratio (P/E ratio) of 13.19 while having a 8.57 of forward P/E ratio. Stock’s beta reads 0.69. Stock has a price to book (P/B) ratio of 4.86 while price to sale or P/S ratio amounts to 3.59. Its return on asset (ROA) is 28.11% on average.