NASDAQ:PDD

Pinduoduo - PDD Stock Forecast, Price & News

$86.34

+2.60 (+3.10%)

(As of 12/2/2022 12:00 AM ET)

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Today's Range: $82.41
▼
$88.13
50-Day Range: $44.46
▼
$83.74
52-Week Range: $23.21
▼
$88.13

Volume: 15.62 million shs
Average Volume: 13.97 million shs
Market Capitalization: $106.95 billion

P/E Ratio: 28.97
Dividend Yield: N/A
Price Target: $84.27

Pinduoduo MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 2.4% Downside
$84.27 Price Target
Short Interest: Healthy
2.07% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.41
Upright™ Environmental Score
News Sentiment: 0.58
Based on 23 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 10.71%
From $2.52 to $2.79 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

Retail/Wholesale Sector

135th out of 217 stocks

Business Services, Not Elsewhere Classified Industry

66th out of 96 stocks

2.4

Analyst's Opinion

Consensus Rating
Pinduoduo has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 10 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $84.27, Pinduoduo has a forecasted downside of 2.4% from its current price of $86.34.
Amount of Analyst Coverage
Pinduoduo has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.07% of the float of Pinduoduo has been sold short.
Short Interest Ratio / Days to Cover
Pinduoduo has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Pinduoduo has recently increased by 6.96%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Pinduoduo does not currently pay a dividend.
Dividend Growth
Pinduoduo does not have a long track record of dividend growth.

2.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Pinduoduo has received a 6.19% net impact score from Upright. Pinduoduo seems to create the most significant positive value in categories "Taxes", "Meaning & joy", and "Jobs". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "E-commerce video software", "E-commerce search software", and "E-commerce platform software" products. See details.
Environmental Sustainability
The Environmental Impact score for Pinduoduo is -1.41.

3.1

News and Social Media Coverage

News Sentiment
Pinduoduo has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 23 news articles for Pinduoduo this week, compared to 7 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 3 reddit mentions for Pinduoduo this week, compared to 0 mentions on an average week.
Search Interest
52 people have searched for PDD on MarketBeat in the last 30 days. This is an increase of 160% compared to the previous 30 days.
MarketBeat Follows
16 people have added Pinduoduo to their MarketBeat watchlist in the last 30 days. This is an increase of 7% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pinduoduo insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.70% of the stock of Pinduoduo is held by insiders.
Percentage Held by Institutions
Only 22.70% of the stock of Pinduoduo is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Pinduoduo are expected to grow by 10.71% in the coming year, from $2.52 to $2.79 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pinduoduo is 28.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.83.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pinduoduo is 28.97, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 44.03.
Price to Book Value per Share Ratio
Pinduoduo has a P/B Ratio of 7.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Pinduoduo (NASDAQ:PDD) Stock

Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverages, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was incorporated in 2015 and is headquartered in Shanghai, the People's Republic of China.

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