By Mill Chart
Last update: Apr 19, 2024
Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if PDD HOLDINGS INC (NASDAQ:PDD) is suited for growth investing, while it is forming a base and may be ready to breakout. Investors should of course do their own research, but we spotted PDD HOLDINGS INC showing up in our growth with base formation screen, so it may be worth spending some more time on it.
ChartMill employs its own Growth Rating system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth factors, such as EPS and revenue growth, taking into account both past performance and future projections. NASDAQ:PDD has earned a 8 for growth:
ChartMill assigns a proprietary Health Rating to each stock. The score is computed by evaluating various liquidity and solvency ratios and ranges from 0 to 10. NASDAQ:PDD was assigned a score of 7 for health:
ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NASDAQ:PDD has earned a 8 out of 10:
ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NASDAQ:PDD exhibits a 7 setup rating, indicating its consolidation status in recent days and weeks.
Although the technical rating is bad, PDD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.
For an up to date full fundamental analysis you can check the fundamental report of PDD
For an up to date full technical analysis you can check the technical report of PDD
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
PDD HOLDINGS INC
NASDAQ:PDD (4/30/2024, 6:41:00 PM)
After market: 125.12 -0.06 (-0.05%)125.18
-1.64 (-1.29%)
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PDD HOLDINGS INC (NASDAQ:PDD): good value for what you're paying.