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Monday, June 5, 2023

The Question Is Whether To Buy Or Not To Buy PDD Holdings Inc. (NASDAQ: PDD)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for PDD Holdings Inc. (PDD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.07, or 0.11%, to $66.08. The PDD Holdings Inc. has recorded 388,578 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that PDD Holdings Files Annual Report on Form 20-F for Fiscal Year 2022.

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Stocks Info

PDD Holdings Inc. is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Internet Retail industry. At the end of the last regular session, the stock closed at $66.01 and fluctuated between $66.71 as its day high and $64.44 as its day low. The current market capitalization of PDD Holdings Inc. is $90.26B. A total of 4.88 million shares were traded on the day, compared to an average of 9.48M shares.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PDD in the last 3 months, the mean price target is $724.76 with high estimates of $971.84 and low estimates of $516.93. In terms of 52-week highs and lows, PDD has a high of $106.38 and a low of $36.29.

As of this writing, PDD has an earnings estimate of $PDD Holdings Inc. per share for the current quarter. EPS was calculated based on a consensus of Pioneer Natural Resources Compa estimates, with a high estimate of $DuPont de Nemours, Inc. per share and a lower estimate of $PIMCO Dynamic Income Fund.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PDD’s latest balance sheet shows that the firm has $92.94B in Cash & Short Term Investments as of fiscal 2021. There were $12.76B in debt and $93.73B in liabilities at the time. Its Book Value Per Share was $13.30, while its Total Shareholder’s Equity was $75.11B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PDD is Buy with a score of 4.55.

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