Price: $128.7100
$4.97
4.016%
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Day's High:
| $130.78
| Week Perf:
| 8.93 %
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Day's Low: |
$ 126.00 |
30 Day Perf: |
-4.88 % |
Volume (M): |
10,711 |
52 Wk High: |
$ 152.99 |
Volume (M$): |
$ 1,378,639 |
52 Wk Avg: |
$99.99 |
Open: |
$126.00 |
52 Wk Low: |
$59.67 |
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Market Capitalization (Millions $) |
159,600 |
Shares
Outstanding (Millions) |
1,240 |
Employees |
1,400 |
Revenues (TTM) (Millions $) |
18,929 |
Net Income (TTM) (Millions $) |
4,573 |
Cash Flow (TTM) (Millions $) |
3,807 |
Capital Exp. (TTM) (Millions $) |
0 |
Pdd Holdings Inc
Pinduoduo Inc is a Chinese company based in Shanghai, founded in 2015 by Colin Huang. It is an online platform where users can purchase a wide variety of products such as clothing, electronics, groceries, home appliances and many others at discounted prices through group buying. Pinduoduo works as a social network platform and targets lower-tier cities and consumers wanting to purchase affordable products.
The company operates on a unique business model, which combines social commerce and e-commerce to offer consumers a more engaging and social way to shop online. Pinduoduo allows users to form groups and purchase products together to get a discount, thereby encouraging users to share deals with friends and family members via social media platforms like WeChat and QQ. This strategy has helped build a loyal user base of more than 800 million active buyers as of June 2021.
In recent years, Pinduoduo has emerged as a leading e-commerce player in China. In 2020, the company was ranked third after Alibaba and JD.com in terms of online retail market share, according to eMarketer. Pinduoduo's revenue in 2020 reached $9.1 billion which is a significant growth from $1.2 billion the past year.
One of the key drivers of Pinduoduo's rapid growth is its affordability and value for money. The platform allows small businesses to offer their products to consumers across China, and this creates an opportunity for consumers to buy at lower prices while supporting the local sellers. Additionally, the company has invested heavily in technology, especially artificial intelligence and machine learning which helps the company recommend products to customers based on their purchasing behaviors and preferences.
Pinduoduo has also been proactive in adopting innovative technologies such as mini-programs, livestreaming, and gaming features to enhance its user engagement rates. Through these initiatives, the company has built a highly engaged user base, with an average user spending more than an hour per day on the platform.
Despite its growth, Pinduoduo has faced several controversies, including the quality of products sold on the platform and the treatment of its employees. To address these issues, the company has taken measures to improve product quality, such as partnering with well-known brands and leveraging the power of blockchain technology to improve product authenticity and tracing. The company has also increased its focus on social responsibility and has announced several initiatives aimed at improving the welfare of its employees.
In conclusion, Pinduoduo Inc is a unique social-commerce e-commerce platform that has revolutionized online shopping in China. The company's combination of affordability, technology, and social features has helped it build a broad user base and emerge as a top e-commerce player in China. With its relentless pursuit of innovation and user-centric approach, the company seems poised for even greater success in the future.
Company Address: First Floor, 25 St Stephen?s Green Dublin 2 0
Company Phone Number: 5397938 Stock Exchange / Ticker: NASDAQ PDD
PDD is expected to report next financial results on March 20, 2024. |
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Stock Performances by Major Competitors |
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Ambase Corporation
Financial Report: Ambase Corporation Faces Revenue Shortfalls in Q4 2023 March 19, 2024 AmBase Corporation (OTC: ABCP) recently announced a net loss of $5,271,000 or $0.13 per share for the twelve months ended December 31, 2023. This comes as the stockholders did not anticipate any adjustments to the revenue during the earnings cycle of fiscal October to December 2023. Investors are particularly concerned about ABCP's operating deficit, which stood at $-1.291 million during the same period. They are eagerly awaiting the development of new revenue sources in the coming period. While they are less worried about the company's organizational and operational excellence in the Professional Services sector, they understand that businesses often go through rough patches in pursuit of prosperous revenue sources.
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Phreesia Inc
Phreesia Inc, a Professional Services company, recently announced a significant increase in revenue of 120.182% year on year to $19.62 million in the fourth quarter of the 2024 earnings season. However, despite the impressive revenue growth, the company recorded a shortfall per stock at $-1.40. This raises concerns about the company's profitability and financial health. Comparing Phreesia Inc's top-line growth with its peers in the Professional Services sector, it becomes evident that the company's revenue outperformed most of its competitors. While the majority of entities in the Professional Services sector saw an average top-line elevation of 6.01% relative to the comparable period a year ago, Phreesia Inc experienced a significant increase. However, it is essential to note that the company's revenue tumbled by -78.59% from $91.62 million in the previous reporting season.
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Bgsf Inc
BGSF, Inc. has recently announced a significant revenue increase of 304.914% year on year, reaching $312.93 million in their most recent fiscal period. Despite this strong performance on the top-line, the company slipped into a shortfall with a net loss of $-0.24. BGSF, Inc. has clearly outperformed its sector peers in terms of revenue growth, as the Professional Services sector only saw a 6.34% increase in revenue during the same period. In the previous quarter, the company's EPS fell from $0.24 per share, while revenue doubled by an impressive 374735.178% to $0.08 million. For the fiscal period ending December 31, 2023, BGSF, Inc. reported a net loss of $-10.212 million, a significant decrease from the net earnings of $1.732 million in the same quarter a year earlier. The company also noted that its accounts receivable value remains below the previous year's level, although there has been some sequential progress in this area.
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Steel Connect Inc
Steel Connect Inc. announced its financial results for the second quarter ended January 31, 2024, revealing positive earnings and improved net profit per share compared to the previous year. The company reported earnings of $0.18 per share, a significant improvement from the loss of $0.19 per share in the same period last year. Net profit per share also grew by 20% compared to the prior reporting period. Although the company experienced a decrease in revenue by 15.411% to $42.35 million from $50.06 million in the comparable reporting period a year ago, there was a 4.625% sequential revenue growth from $40.48 million. In comparison, the overall Professional Services industry recorded a revenue rise in the second quarter of 2024.
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Getty Images Holdings Inc
Getty Images Holdings Inc, a global visual content creator and marketplace, recently recorded a solid gain of 7.29% in its stock during the past five trading days. However, over the course of March, the company's stock declined by 10.04%. Despite this, Getty Images Holdings Inc's stock is currently trading on the NYSE 1.1% above its 52-week average. During the October to December 2023 interval, Getty Images Holdings Inc turned a profit, displaying earnings per share of $0.08. This is in stark contrast to the previous year's earnings per share of -$0.11. Additionally, earnings per share turned positive from -$0.05 per share from the preceding reporting period. However, the revenue went down sharply by -67.527% to $225.94 million from $695.77 million in the same reporting period a year ago. Sequentially, revenue also decreased by -1.464% from $229.30 million. It is important to note that the deterioration of top-line is relative to the average Professional Services industry, which posted a revenue rise during the same period.
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Per Share |
Current |
Earnings (TTM) |
0.79 $ |
Revenues (TTM) |
15.27 $
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Cash Flow (TTM) |
3.07 $ |
Cash |
17.47 $
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Book Value |
13.77 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
0.79 $
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Revenues (TTM) |
15.27 $ |
Cash Flow (TTM) |
3.07 $ |
Cash |
17.47 $
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Book Value |
13.77 $ |
Dividend (TTM) |
0 $ |
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