Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. The 1 week price change reflects the collective buying and selling sentiment over the short-term. A strong weekly advance is a sought after metric for putting potential momentum stocks onto one’s radar. Others will look for a pullback nasdaq pdd on the week as a good entry point, assuming the longer-term price changes (4 week, 12 weeks, etc.) are strong. The Momentum Score takes all of this and more into account. Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity.
Finally, UBS Group raised shares of Pinduoduo from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the https://smartasset.com/checking-account/the-top-ten-banks-by-assets-held stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $80.42. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis.
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The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People’s Republic of China. The company was formerly known as Walnut https://dotbig.com/markets/stocks/PDD/ Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was incorporated in 2015 and is headquartered in Shanghai, the People’s Republic of China. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. It’s then divided by the number of shares outstanding to determine how much cash is generated per share.
It would have been more difficult to find a Chinese stock not up by double-digits on Thursday. Pinduoduo is pivoting its growth at all cost strategy to sustainable growth. The Chinese e-commerce stock is leading its peers higher, and the reason why seems legitimate, but there are still reasons DotBig to be wary. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank.
Reasons Pinduoduo Stock Fell By More Than 30% In 2021
Return on Equity is calculated as income divided by average shareholder equity . The income number is listed on a company’s Income Statement. A ratio of 1 means a company’s assets are equal https://dotbig.com/ to its liabilities. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). A ratio of 2 means its assets are twice that of its liabilities.
- Following the earnings report the stock price went down -6.127%.
- Pinduoduo Inc., whose market valuation is $47.42 billion at the time of this writing, is expected to release its quarterly earnings report Mar 15, 2022 – Mar 21, 2022.
- Yield and return will vary, therefore, you may have a gain or loss when you sell your shares.
- Recent price changes and earnings estimate revisions indicate this stock lacks momentum and would be a lackluster choice for momentum investors.
PDD earnings call for the period ending September 30, 2019. PDD earnings call for the period ending September 30, 2020. PDD earnings call for the period ending September 30, 2021. A respected investment manager appears to be bullish on the Chinese e-commerce star.
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Shares of Chinese companies, including Pinduoduo Inc — ADR, are trading lower. The COVID-19 lockdown in Shanghai PDD and other parts of China has weighed on the broader Chinese economy and Chinese stocks in recent months.
Trading Expectations For The Upcoming Trading Day Of Wednesday 11th
Within the Finance Sector, it would fall into the M Industry of Banks & Thrifts. And within the M Industry, it might further be delineated into pinduoduo stock the X Industry group called Banks Northeast. This allows the investor to be as broad or as specific as they want to be when selecting stocks.