PDD stock crashes 20% after growing eps 156% yoy

Published: Aug 25, 2024 Duration: 00:00:57 Category: News & Politics

Trending searches: pdd
PDD or pindo do has taken a massive hit down 20% after their earnings now they beat their earnings estimate for the EPS at 10% and they also grew them 150% year over-ear they also grew their revenue 86% year of year they missed on their revenue expectations and the reason it's gone down is the CEO has said that the there is going to be some slowing to the growth as there is increased competition and a slow slowing domestic Market in China what do I think personally this stock is at an 11p ratio now down from 18 which it was yesterday and it's just grown earnings faster than Nvidia so it's clearly a very cheap and undervalued stock but you have to be able to hold through the fear of the Chinese market and stock market and a company with a p ratio of 11 it should only be growing around one or two% of their earnings a year

Share your thoughts