Why Do Investors Buy Stock In Pinduoduo Inc. (PDD)?
Pinduoduo Inc. (NASDAQ:PDD) has seen 2.46 million shares traded in the recent trading session. The company, currently valued at $144.89B, closed the recent trade at $110.13 per share which meant it lost -$2.97 on the day or -2.63% during that session. The PDD stock price is -93.04% off its 52-week high price of $212.60 and 36.54% above the 52-week low of $69.89. The 3-month trading volume is 6.52 million shares. The consensus among analysts is that Pinduoduo Inc. (PDD) is an Overweight stock at the moment, with a recommendation rating of 2.00. 1 analysts rate the stock as a Sell, while 4 rate it as Overweight. 10 out of 39 have rated it as a Hold, with 24 advising it as a Buy. 0 have rated the stock as Underweight. Pinduoduo Inc. (NASDAQ:PDD) trade information  Sporting -2.63% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 07/06/21 when the PDD stock price touched $110.13 or saw a rise of 16.88%. Year-to-date, Pinduoduo Inc. shares have moved -36.34%, while the 5-day performance has seen it change -9.45%. Over the past 30 days, the shares of Pinduoduo Inc. (NASDAQ:PDD) have changed -14.43%. Wall Street analysts have a consensus price target for the stock at $1062.96, which means that the shares value could jump 89.64% from the levels at last check today. The projected low price target is $677.72 while the price target rests at a high of $1426.93. In that case, then, we find that the latest price level in todays session is -1195.68% off the targeted high while a plunge would see the stock gain -515.38% from the levels at last check today. Pinduoduo Inc. (PDD) estimates and forecasts  Figures show that Pinduoduo Inc. shares have outperformed across the wider relevant industry. The companys shares have lost -32.19% over the past 6 months, with this year growth rate of 79.35%, compared to 13.20% for the industry. PDD Dividends  Pinduoduo Inc. is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the companys debt issue.