|Bid||97.92 x 800|
|Ask||97.93 x 1300|
|Day's range||97.01 - 98.43|
|52-week range||38.80 - 106.38|
|Beta (5Y monthly)||0.77|
|PE ratio (TTM)||24.19|
|Earnings date||27 Nov 2023 - 01 Dec 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||123.00|
Alibaba, iShares China ETF, Futu, New Oriental Education and Pinduoduo have been highlighted in this Investment Ideas article.
When Pinduoduo (NASDAQ: PDD) went public in 2018, most investors hadn't heard about it. The few who did were skeptical about its long-term prospects. There were already two giants (Alibaba and JD.com) in the Chinese e-commerce market, so the 3-year-old company was probably another one of these wannabe e-commerce platforms that would fade over time.
Most cryptocurrencies crashed over the past two years as inflation, rising interest rates, and macro headwinds drove investors toward more conservative investments. The failures of several high-profile crypto tokens and exchanges, along with intensifying regulatory headwinds, exacerbated that pain and brought on a new crypto winter.