(VIANEWS) – The NASDAQ opens in less than five hours and Pinduoduo‘s pre-market value is already 4.43% down.
Pinduoduo’s last close was $79.87, 24.92% below its 52-week high of $106.38.
The last session, NASDAQ ended with Pinduoduo (PDD) dropping 1.18% to $79.87. NASDAQ slid 0.68% to $13,689.57, following the last session’s downward trend on what was a somewhat bearish trend exchanging session.
About Pinduoduo
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.
Earnings Per Share
As for profitability, Pinduoduo has a trailing twelve months EPS of $3.64.
PE Ratio
Pinduoduo has a trailing twelve months price to earnings ratio of 21.94. Meaning, the purchaser of the share is investing $21.94 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 36.46%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is a negative 1% and a negative 11%, respectively.
Volume
Today’s last reported volume for Pinduoduo is 12516749 which is 24.71% above its average volume of 10036400.
Yearly Top and Bottom Value
Pinduoduo’s stock is valued at $79.87 at 05:25 EST, way below its 52-week high of $106.38 and way higher than its 52-week low of $38.80.
More news about Pinduoduo (PDD).
