Should you buy Pinduoduo stock? (December 2023)

See more of my work: https://www.3minutebreakdowns.com PDD stock analysis. Ticker: $PDD Pinduoduo reported earnings on Tuesday and the stock jumped 18%.The company crushed expectations with revenue increasing 94% year over year and earnings up 47%. That top line revenue was 2 billion more than analysts were expecting. Pinduoduo stock has now gained 635% since its IPO. Over that same period, Alibaba has declined 61% and JD.com is down 24%. At the latest share price, the company now has a market cap bigger than Alibaba at roughly 204 billion dollars. Looking at the latest 12 month figures, the company has reported 38 billion of revenue and 6.4 billion of net income which means the stock is valued at 32 times earnings. Bear in mind that revenue represents only a small share of sales executed on the platform. In 2021, Gross Merchandise Value was more than 25x the company’s revenue. That means $700 billion dollars could be moving through the Pinduoduo platform. #pddstock #investing #pinduoduostock