Even though Pinduoduo has been somewhat immune to the crisis, shares dropping 5.18% to $136.48 at 15:08 EST on Wednesday, following yesterday’s upward trend. The Nasdaq Stock Market is jumping 0.36% to $12,080.40, after two sequential sessions in a row of gains, on what as yet seems, a somewhat positive trend trading session today.
Pinduoduo’s last close was $143.94, 14.02% below its 52-week high of $155.61.
Pinduoduo’s sales growth is 83% for the ongoing quarter and 181.6% for the next. The company’s growth estimates for the ongoing quarter and the next is 120% and 84.6%, respectively.
Pinduoduo’s stock is valued at $136.48 at 15:08 EST, way under its 52-week high of $155.61 and way above its 52-week low of $30.20.
Pinduoduo’s value is way above its 50-day moving average of $103.21 and way above its 200-day moving average of $86.19.