Pinduoduo logged a 7.1% change during today's morning session, and is now trading at a price of $47.61 per share. The S&P 500 index moved 0.8% and the Dow Industrial Average posted a 1.5% change. PDD's trading volume is 10,800,403 compared to the stock's average volume of 12,262,773.
Pinduoduo trades -33.24% away from its average analyst target price of $71.32 per share. The 34 analysts following the stock have set target prices ranging from $44.98 to $137.94, and on average have given Pinduoduo a rating of buy.
Below are some factors that could be affecting the stocks's performance and analyst recommendation:
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Based on its trailing earning per share of -0.93, Pinduoduo has a trailing 12 month Price to Earnings (P/E) ratio of -51.0 while the S&P 500 average is 15.97
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PDD has a forward P/E ratio is 56.7 based on its forward 12 month price to earnings (Eps) is $-0.93 per share
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The company has a price to earnings growth (PEG) ratio of 27.57 -- a number near or below 1 signifying that Pinduoduo is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 1.0 compared to its sector average of 3.11
Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. Based in Shanghai, the company has 9,762 full time employees and a market cap of $59,669,135,360.
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