Even though Pinduoduo has been somewhat immune to the crisis, shares sliding 7.5% to $133.25 at 11:09 EST on Monday, following yesterday’s upward trend. The Nasdaq Stock Market is dropping 0.32% to $12,167.00, after four consecutive sessions in a row of gains, on what so far seems, a somewhat negative trend trading session today.
Pinduoduo’s last close was $144.05, 16.78% under its 52-week high of $155.61.
Pinduoduo’s sales growth is 84.4% for the ongoing quarter and 188.9% for the next. The company’s growth estimates for the current quarter and the next is 170% and 76.9%, respectively.
Pinduoduo’s stock is valued at $133.25 at 11:09 EST, way under its 52-week high of $155.61 and way higher than its 52-week low of $30.20.
Pinduoduo’s value is way above its 50-day moving average of $108.67 and way higher than its 200-day moving average of $87.60.