PDD Analysis of Analyst Stock Price Update
A glance over shares of Pinduoduo Inc. (PDD) price that shifted -18.57% away from 20-Days Simple Moving Average, -6.43% from 50-Days Simple Moving Average and separated -7.12% from 200 Days Simple Moving Average. Pinduoduo Inc. (PDD) declared loss -9.00% in latest trading session with settlement price of $ 20.33. The stock’s changed hands 6.77 million shares in session while it possesses an average volume of 7.72 million shares. The stock of PDD switched 18.20% away from its 52 week minimum and distanced -33.30% from its 52 week peak. The Company kept a record of 55.76 million was near 1.15 billion shares outstanding.
PDD Volatility and Short Ratio
Last week volatility change was observed by 12.03% and the stock help 10.32% change in the last month. The Firm witnessed the short ratio at 2.76 and the short float is around of 38.16%.
PDD Important Technical Indicators:
The average true range of the stock was last seen at 2.34 while the relative strength index of the stock was logged at 41.62. Average True Range (ATR) is an indicator based on trading ranges smoothed by an N-period exponential moving average percentage of the true range values. ATR can display volatility of stocks, ETFs and indexes. The principal of ATR is very similar to other volatility indicators: A high ATR value signals a possible trend change. A low ATR value correlates with a weaker trend movement.
PDD Consensus Recommendation:
Experts experienced mean rating at 2.30 following consensus analysis. (Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). The analysts’ recommendations are not the only factor to be kept in mind while taking investment decision (whether to buy, hold, or sell a stock) that Investors should not rely only there are many side factors which have deep impact on stock’s performance such as financial reports filed with SEC, company’s portfolio and approach towards market systematic and unsystematic risk factors.
PDD Stock Past Historical Trends
This check is giving Bullish indication for investors. Investors expect the good YTD performance from the stock. From the start of year 2018 to present date PDD reported slumped performance of -23.86%. Investors saw a negative move of -22.64% in last five trading days. This performance is snap pessimistic view of last week. The stock is remained in negative radar as stock is falling.
ROI is 60.00%. A positive result means that returns exceed costs. Analysts therefore consider the investment a net gain. The opposite kind of result, a negative means that costs outweigh returns. Analysts therefore view the investment as a net loss.