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Tag: PDD

  • Pinduoduo Inc. (PDD) stock declined in the Pre-market; here is why?

    Pinduoduo Inc. (PDD) declined in the pre-market after announcing the date for the fourth quarter and fiscal 2021 results. PDD values at $32.13, losing more than 10% compared to Friday’s closing price. The stock closed at $35.76 at the end of the last trading session. The stock volume traded in the previous trading session was around 8.32 million shares. The current market cap of the company is about $40.27 billion.

    PDD to announce Fiscal 2021 results next week

    Pinduoduo Inc. (PDD) is a China-based mobile-only marketplace that is a bridge between millions of agricultural producers and consumers across China. The company’s vision is to bring businesses and consumers into the digital economy so that maximum people can benefit from the thriving productivity and expand into new markets.

    The company announced in a press release that it would report its unaudited fourth quarter and fiscal 2021 results on March 21, 2022, before the market opens on Monday. The company’s management will hold the conference at 7:30 AM US Eastern Time on March 21, 2022.

    PDD: Q3 Key Financials

    • Pinduoduo Inc. (PDD) reported RMB21.5 billion ($3.3 billion) revenue, up 51% from RMB14.2 billion in the same period last year. Revenues from internet marketing services accounted for the majority of the increase.
    • PDD announced net income attributable to ordinary shareholders in the third quarter was RMB1.6 billion ($254.5 million), compared to RMB784.7 million in the same quarter of 2020.
    • Basic and diluted earnings per ADS for PDD were RMB1.31 ($0.20) and RMB1.15 ($0.18) in the 3rd quarter, respectively, compared to basic and diluted net losses per ADS RMB0.66 in the same quarter last year.

    Conclusion

    The company reported a good number s in the previous quarter, but this fourth quarter was full of challenges like inflation and omicron causing supply chain disruptions. Due to this, investors might be skeptical about the fourth-quarter results, and the stock is declining in the pre-market.

  • Why does Pinduoduo Inc. (PDD) stock fall in Pre-Market trading?

    Why does Pinduoduo Inc. (PDD) stock fall in Pre-Market trading?

    Pinduoduo Inc. (PDD) is an eCommerce mobile-based platform in china that offers a wide range of products of daily life. Despite the positive unaudited fourth quarter and fiscal year 2020 financial results announced by Pinduoduo Inc. (PDD), PPD stock fell on Wednesday’s pre-market trading as PDD stock price was down by 6.36% to drop at $150.65 a share at the time of this writing. At the previous closing, PDD stock was up by 1.11% with a $160.89 per share price. Let’s understand deeply the current happenings.

    Fourth-quarter highlights

    • PPD stock generated RMB26,547.7 revenue in the fourth quarter which is 146% higher than the MB10,792.7 million in the same quarter of last year.
    • Pinduoduo stock suffered RMB11,526.1 million cost of revenue in the fourth quarter of 2020 representing a 466% increase as compared to the same tenure in the previous year.
    • Operating expenses reached MB17,069.4 million as compared to RMB10,890.6 million in the same quarter of the prior year.

    The fiscal Year 2020 highlights

    • PPD stock revenue surged to RMB59,491.9 million with 97% growth as compared to the RMB30,141.9 million revenue of last year.
    • The total cost of revenues reached RMB19,278.6 million which shows a 204% increase over the year.
    • Total Operating expenses reached RMB49,593.5 million as compared to RMB32,341.3 million of last year.

    PDD stock to promote digital inclusion in Agriculture Sector.

    Pinduoduo stock is focused on the development of the agriculture sector in China. PDD held live streaming session in the miserable days of COVID-19 to promote the agriculture products of farmers and launched the “Help the Farmers” channel to help farming communities. This new method of promoting agriculture products has risen the demand for new roles with different skills thus creating new opportunities for individuals committed to the agriculture sector. PDD has prepared more than 100,000 new farmers to operate the eCommerce business and plans to train 100,000 more new farmers to meet the eCommerce business requirements.

    Colin Huang steps down from His role.

    PDD also announced today that its founder Colin Huang will step back from the board of directors effective today to focus on the research in food and life sciences in order to devise long-term strategies for the Pinduoduo stock. Huang will not sell his shares for a further three years.

    Conclusion:

    Though PDD stock released the earnings report that has beaten the revenue estimates PDD stock price is still down in the pre-market. This is something confusing for investors but it’s a fact that the stock market is unpredictable. For long terms prospects, the PDD stock can be a good bet for investors due to its expansion and digitization in the agriculture sector. Hence investors are required to do a lot of homework before taking any decision.

  • 20 Stocks In Internet Retail Industry To Buy In October 2020

    20 Stocks In Internet Retail Industry To Buy In October 2020

    In today’s world, the best way to capture customers’ attention is to fulfill their needs and provide them frictionless experience. The online retail industry is flourishing continuously because now the shoppers have adopted the convenience of shopping online. Increasing trends of online shopping give the internet retail industry a hope. In the US, online retail sales are projected to grow by 18% in 2020.

    New advanced technologies have also provided the shops a way to learn about the preferences of shoppers. Augmented Reality is the major game-changer in the internet retail industry as it changed the whole concept of shopping. AR has closed the gap of ambiguity and helps retailers to provide necessary information of shoppers to improve their experience.

    Here are the 20 leading companies in the online retail industry which are also following new trends to increase the growth of their business:

    Jumia Technologies AG (NYSE:JMIA)

    Jumia Technologies AG (NYSE: JMIA) shares were trading up 4.13% at $12.87 at the time of writing on Wednesday. Jumia Technologies AG (NYSE: JMIA) share price went from a low point around $2.15 to briefly over $23.90 in the past 52 weeks, though shares have since pulled back to $12.87. JMIA market cap has remained high, hitting $1.02B at the time of writing, giving it a price-to-sales ratio of more than 5.

    Jumia Technologies AG (JMIA) has earlier launched the ‘Food Festival Campaign’. This new campaign will be scheduled to take place from the 1st to the 31st of October 2020. If we look at the recent analyst rating JMIA, Stifel downgraded coverage on JMIA shares with a Hold rating and a $12.54 price target, which implies room for -0.33% downside momentum this year.

    Alibaba Group Holding Limited (NYSE: BABA)

    Alibaba Group Holding Limited (NYSE: BABA) last closed at $301.04, in a 52-week range of $168.12 to $310.01. Analysts have a consensus price target of $314.57. Alibaba Group Holding Limited (BABA) has earlier announced that it has decided to buy a stake of up to 9.99% in Swiss duty-free Dufry. Alibaba and Dufry both have decided to collaborate to search for new opportunities in China. This company market capitalization has remained high, hitting $816.68 billion at the time of writing.

    eBay Inc. (NASDAQ: EBAY)

    eBay Inc. (NASDAQ: EBAY) fall -1.96% after losing more than -$1.13 on Wednesday. eBay Inc. (EBAY) disclosed the expansion of its Authenticity Guarantee service for sneaker sales on the platform. Through this program, all new and pre-owned collectible sneakers sold on eBay for over $100 in the U.S. will be fully vetted and verified by an independent team of industry experts.

    Amazon.com Inc. (NASDAQ: AMZN)

    Amazon.com Inc. (NASDAQ: AMZN) last closed at $3363.71, in a 52-week range of $1626.03 to $3552.25. Analysts have a consensus price target of $3726.61. Amazon.com Inc. (AMZN)  has reportedly made a deal with the National Football League to stream a wild-card playoff game this season. The information related to the team was not disclosed yet but the expectations are higher this time.

    Qurate Retail Inc. (NASDAQ: QRTEA)

    Qurate Retail Inc. (NASDAQ: QRTEA) fall -2.05% after losing more than -$0.16 on Wednesday. Qurate Retail Inc. (QRTEA) announced that it will be scheduled to discuss the results for the third quarter of 2020 on Thursday, November 5th. After the closing of the market on Wednesday, November 4th the company will post its 2020 results of quarter three.

    Etsy Inc. (NASDAQ: ETSY)

    Etsy Inc. (NASDAQ: ETSY) last closed at $149.97, in a 52-week range of $29.95 to $154.73. Analysts have a consensus price target of $153.12. Etsy Inc. (ETSY) has disclosed earlier that it is scheduled to announce the Third quarter 2020 financial results on October 28, 2020. Etsy will also host a conference call to discuss the results. If we look at its liquidity, it has a current ratio of 4.30.

    Overstock.com Inc. (NASDAQ: OSTK)

    Overstock.com Inc. (NASDAQ: OSTK) shares headed falling, lower as much as -4.13%. The most recent rating by Wedbush, on September 16, 2020, is at an Outperform. Overstock.com Inc. (OSTK) has announced that it will offer its customers 36 hours of massive markdowns on more than one million top-rated products. With an ongoing commitment to quality and value, Customer Day celebrates Overstock shoppers offering consumers 70% off on thousands of home furnishings and home improvement items.

    Wayfair Inc. (NYSE: W)

    Wayfair Inc. (NYSE: W) last closed at $293.88, in a 52-week range of $21.70 to $349.08. Analysts have a consensus price target of $309.60. Wayfair Inc. (W) has announced the schedule for the financial results of its third quarter. It is scheduled to announce the financial results of the third quarter ended on September 30, 2020.  It will also hold a conference call to review the result on November 9.

    Fiverr International Ltd. (NYSE: FVRR)

    Fiverr International Ltd. (NYSE: FVRR) shares headed falling, lower as much as -0.93%. The most recent rating by MKM Partners, on August 27, 2020, is at a Neutral. Fiverr International Ltd. (FVRR) disclosed the pricing of $400 million aggregate principal amount of 0% Convertible Senior Notes due 2025 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

    Carvana Co. (NYSE: CVNA)

    Carvana Co. (NYSE: CVNA) last closed at $213.22, in a 52-week range of $22.16 to $242.15. Analysts have a consensus price target of $215.19. Carvana Co. (CVNA) will report its third-quarter 2020 financial results for the period ended September 30, 2020, following the close of the market on Thursday, October 29, 2020. On that day, management will hold a conference call and webcast at 5:30 p.m. ET (2:30 p.m. PT).

    Baozun Inc. (NASDAQ: BZUN)

    Baozun Inc. (NASDAQ: BZUN) stock drop by -2.51% to $34.94. The most recent rating by Credit Suisse, on June 03, 2020, is at an Outperform. Scott+Scott Attorneys at Law LLP, an international shareholder, and consumer rights litigation firm, is investigating whether Baozun Inc. or certain of its officers and directors violated federal securities laws

    JD.com Inc. (NASDAQ: JD)

    JD.com Inc. (NASDAQ: JD) stock drop by -1.83% to $81.10. The most recent rating by Barclays, on August 24, 2020, is at an Overweight. JD.com Inc. (JD) share price went from a low point around $29.74 to briefly over $86.58 in the past 52 weeks, though shares have since pulled back to $81.10. JD market cap has remained high, hitting $125.19 billion at the time of writing.

    Vipshop Holdings Limited (NYSE: VIPS)

    Vipshop Holdings Limited (NYSE: VIPS) shares headed falling, lower as much as -3.32%. The most recent rating by Morgan Stanley, on September 28, 2020, is at an Underweight. Vipshop Holdings Limited (VIPS) shares have changed between the 52-weeks low and high range of $9.03 and $24.46, respectively. It has moved up 90.03% from its 52-weeks low and moved down -29.84% from its 52-weeks high. This company market capitalization has remained high, hitting $11.34 billion.

    Pinduoduo Inc. (NASDAQ: PDD)

    Pinduoduo Inc. (NASDAQ: PDD) stock drop by -2.35% to $82.66. The most recent rating by Barclays, on August 24, 2020, is at an Equal-weight. Pinduoduo Inc. (PDD) share price went from a low point around $30.20 to briefly over $98.96 in the past 52 weeks, though shares have since pulled back to $82.66. PDD market cap has remained high, hitting $91.37 Billion at the time of writing.

    Farfetch Limited (NYSE: FTCH)

    Farfetch Limited (NYSE: FTCH) shares headed rising, higher as much as 0.86%. The most recent rating by Bernstein, on September 08, 2020, is at an Mkt perform. Farfetch Limited (FTCH) shares have fluctuated between the 52-weeks low and high range of $5.99 and $31.88, respectively. It has moved up 350.25% from its 52-weeks low and moved down -15.40% from its 52-weeks high. This company market capitalization has remained high, hitting $9.19 billion.

    Chewy Inc. (NYSE: CHWY)

    Chewy Inc. (NYSE: CHWY) stock drop by -4.10% to $64.12. The most recent rating by RBC Capital Mkts, on September 11, 2020, is at an Outperform. Chewy Inc. (CHWY) share price went from a low point around $20.62 to briefly over $74.84 in the past 52 weeks, though shares have since pulled back to $62.71. CHWY market cap has remained high, hitting $25.15 Billion at the time of writing.

    Dada Nexus Limited (NASDAQ: DADA)

    Dada Nexus Limited (NASDAQ: DADA) fall -3.82% after losing more than -$1.3 on Wednesday. Dada Nexus Limited (DADA) shares have fluctuated between the 52-weeks low and high range of $14.60 and $36.14, respectively. It has moved up 127.54% from its 52-weeks low and moved down -8.07% from its 52-weeks high. This company market capitalization has remained high, hitting $6.72 billion.

    CarParts.com Inc. (NASDAQ: PRTS)

    CarParts.com Inc. (NASDAQ: PRTS) stock drop by -4.88% to $12.67. The most recent rating by ROTH Capital, on September 09, 2020, is at a Buy. CarParts.com Inc. (PRTS) share price went from a low point around $1.04 to briefly over $16.44 in the past 52 weeks, though shares have since pulled back to $12.57. PRTS market cap has remained high, hitting $598.91 Million at the time of writing.

    Revolve Group Inc. (NYSE: RVLV)

    Revolve Group Inc. (NYSE: RVLV) rose 0.16% after gaining more than $0.03 on Wednesday. Revolve Group Inc. (RVLV) shares have fluctuated between the 52-weeks low and high range of $7.17 and $24.41, respectively. It has moved up 152.58% from its 52-weeks low and moved down -25.81% from its 52-weeks high. This company market capitalization has remained high, hitting $1.31 billion.

    MercadoLibre Inc. (NASDAQ:MELI)

    MercadoLibre Inc. (NASDAQ: MELI) shares headed falling, lower as much as -2.40%. The most recent rating by Jefferies, on September 28, 2020, is at a Buy. MercadoLibre Inc. (MELI) total market capitalization has remained high, hitting $59.54 billion.