It hasn't been a great evening session for Pinduoduo investors, who have watched their shares sink by -1.5% to a price of $145.27. Some of you might be wondering if it's time to buy the dip. If you are considering this, make sure to check the company's fundamentals first to determine if the shares are fairly valued at today's prices.
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PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. The company belongs to the Consumer Discretionary sector, which has an average price to earnings (P/E) ratio of None and an average price to book (P/B) ratio of None. In contrast, Pinduoduo has a trailing 12 month P/E ratio of 37.5 and a P/B ratio of 1.36.
Pinduoduo's PEG ratio is 89.1, which shows that the stock is probably overvalued in terms of its estimated growth. For reference, a PEG ratio near or below 1 is a potential signal that a company is undervalued.
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