One of the losers of today's trading session was PDD. Shares of the Business services company plunged -2.4%, and some investors may be wondering if its price of $120.06 would make a good entry point. Here's what you should know if you are considering this investment:
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PDD has moved 71.6% over the last year, and the S&P 500 logged a change of 31.6%
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PDD has an average analyst rating of buy and is -32.65% away from its mean target price of $178.28 per share
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Its trailing earnings per share (EPS) is $4.39
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PDD has a trailing 12 month Price to Earnings (P/E) ratio of 27.3 while the S&P 500 average is 15.97
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Its forward earnings per share (EPS) is $10.96 and its forward P/E ratio is 11.0
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The company has a Price to Book (P/B) ratio of 0.88 in contrast to the S&P 500's average ratio of 2.95
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PDD is part of the Consumer Discretionary sector, which has an average P/E ratio of 22.96 and an average P/B of 4.24
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PDD has reported YOY quarterly earnings growth of 143.7% and gross profit margins of 0.6%
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The company has a free cash flow of $81.59 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace. It focuses on bringing businesses and people into the digital economy. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.
