Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
How to buy Pinduoduo stock in Canada | $100.73
Own Pinduoduo shares in just a few minutes.
Pinduoduo is an internet retail business based in the US. Pinduoduo stocks (PDD.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $108.77 – a decrease of 2.91% over the previous week. Pinduoduo employs 7,986 staff and has a trailing 12-month revenue of around $86 billion.
How to buy Pinduoduo stock in Canada
- Choose a platform. If you're a beginner, our stock trading table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: PDD in this case.
- Research Pinduoduo stocks. The platform should provide the latest information available.
- Buy your Pinduoduo stocks. It's that simple.
Is it a good time to buy Pinduoduo stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
What's in this guide?
- Can I buy shares in Pinduoduo?
- Has coronavirus impacted Pinduoduo shares?
- Pinduoduo shares summary
- Compare share dealing platforms
- Is Pinduoduo stock a buy or sell?
- Pinduoduo performance over time
- Can I short Pinduoduo shares?
- Are Pinduoduo shares over-valued?
- Pinduoduo's financials
- How volatile are Pinduoduo shares?
- Does Pinduoduo pay a dividend?
- Other common questions
How has Coronavirus impacted Pinduoduo's stock price?
Since the stock market crash in March caused by coronavirus, Pinduoduo's stock price has had significant positive movement.
Its last market close was $100.73, which is 65.68% up on its pre-crash value of $34.57 and 233.54% up on the lowest point reached during the March crash when the stocks fell as low as $30.2.
If you had bought $1,000 worth of Pinduoduo stocks at the start of February 2020, those stocks would have been worth $952.75 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $2,814.40.
Pinduoduo stock priceUse our graph to track the performance of PDD stocks over time.
Pinduoduo stocks at a glance
|Latest market close||$100.73|
|52-week range||$69.89 - $212.6|
|50-day moving average||$93.4534|
|200-day moving average||$120.6184|
|Wall St. target price||$141.02|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$-0.341|
Compare online stock trading platforms
Note: The dollar amounts in the table below are in Canadian dollars.
Pinduoduo price performance over time
|1 week (2021-09-09)||-3.40%|
|1 month (2021-08-19)||34.86%|
|3 months (2021-06-18)||-19.44%|
|6 months (2021-03-19)||-28.96%|
|1 year (2020-09-18)||26.21%|
|2 years (2019-09-19)||190.96%|
|3 years (2018-09-19)||337.96%|
Is Pinduoduo under- or over-valued?
Valuing Pinduoduo stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Pinduoduo's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Pinduoduo's PEG ratio
Pinduoduo's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 22.1361. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Pinduoduo's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
|Revenue TTM||USD$86 billion|
|Gross profit TTM||USD$40.2 billion|
|Return on assets TTM||-2.77%|
|Return on equity TTM||-5.62%|
|Market capitalisation||USD$126.2 billion|
TTM: trailing 12 months
How to short and sell Pinduoduo stocks
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "PDD.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 27.7 million Pinduoduo stocks held short by investors – that's known as Pinduoduo's "short interest". This figure is 18% up from 23.5 million last month.
There are a few different ways that this level of interest in shorting Pinduoduo stocks can be evaluated.
Pinduoduo's "short interest ratio" (SIR)
Pinduoduo's "short interest ratio" (SIR) is the quantity of Pinduoduo stocks currently shorted divided by the average quantity of Pinduoduo stocks traded daily (recently around 8.8 million). Pinduoduo's SIR currently stands at 3.17. In other words for every 100,000 Pinduoduo stocks traded daily on the market, roughly 3170 stocks are currently held short.
However Pinduoduo's short interest can also be evaluated against the total number of Pinduoduo stocks, or, against the total number of tradable Pinduoduo stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Pinduoduo's short interest could be expressed as 0.02% of the outstanding stocks (for every 100,000 Pinduoduo stocks in existence, roughly 20 stocks are currently held short) or 0.0531% of the tradable stocks (for every 100,000 tradable Pinduoduo stocks, roughly 53 stocks are currently held short).
Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against Pinduoduo.
Find out more about how you can short Pinduoduo stock.
Pinduoduo stock dividends
We're not expecting Pinduoduo to pay a dividend over the next 12 months. However, you can browse other dividend-paying stocks in our guide.
Pinduoduo stock price volatility
Over the last 12 months, Pinduoduo's stocks have ranged in value from as little as $69.89 up to $212.6. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (NASDAQ average) beta is 1, while Pinduoduo's is 1.4196. This would suggest that Pinduoduo's stocks are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverage, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was incorporated in 2015 and is headquartered in Shanghai, the People's Republic of China.
Stocks similar to Pinduoduo
Pinduoduo in the news
Hedge Funds are Selling These 10 Chinese Stocks Amid Crackdowns
Invesco, Lucid, Diamondback: What to Watch When the Stock Market Opens Today
Pinduoduo: Stellar Performance Reinforces Industry Position, Agriculture Is Next Growth Engine
Frequently asked questions
More on investing
Everything we know about the Ensysce Biosciences IPO, plus information on how to buy in. Read more…
We look at 6 popular stock discussion groups from Canada and overseas.Read more…
We’ve rounded up the top dividend stocks in Canada. Check out current stock prices, historical stock performance, company info and more.Read more…
More guides on Finder
How to buy Planet Labs (PL) stock in Canada when it goes public
Everything we know about the Planet Labs IPO, plus information on how to buy in.
How to buy Impossible Foods stock in Canada when it goes public
Everything we know about the Impossible Foods IPO, plus information on how to buy in.
How to buy Samsara stock in Canada when it goes public
Everything we know about the Samsara IPO, plus information on how to buy in.
How to buy Allbirds (BIRD) stock in Canada when it goes public
Everything we know about the Allbirds IPO, plus information on how to buy in.
How to buy Smooth Love Potion (SLP) in Canada
This guide will show you step-by-step instructions on how to buy the Smooth Love Potion (SLP) token as well as a list of exchanges you can trade it on.
How to buy OnlyFans stock in Canada when it goes public
Everything we know about the OnlyFans IPO, plus information on how to buy in.
How to buy Vinco Ventures stock in Canada | $7.77
Ever wondered how to buy shares in Vinco Ventures? We explain how and compare a range of providers that can give you access to many brands, including Vinco Ventures.
How to buy Weber stock in Canada | $14.99
Steps to owning and managing Weber Inc. stocks, with 24-hour and historical pricing before you buy.
How to buy Chobani stock in Canada when it goes public
Everything we know about the Chobani IPO, plus information on how to buy in.
How to buy Quickswap (QUICK) in Canada
This guide will show you step-by-step instructions on how to buy the Quickswap (QUICK) token as well as a list of exchanges you can trade it on.