|Bid||122.00 x 1200|
|Ask||122.38 x 1100|
|Day's range||119.34 - 125.00|
|52-week range||119.34 - 274.29|
|Beta (5Y monthly)||0.86|
|PE ratio (TTM)||17.16|
|Earnings date||31 Jan 2022 - 04 Feb 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||213.06|
Pinduoduo's (NASDAQ: PDD) stock plunged 16% to a new 52-week low on Nov. 26 after it posted its third-quarter earnings report. The Chinese e-commerce company's revenue rose 51% year over year to 21.51 billion yuan ($3.34 billion), but missed analysts' estimates by $690 million. Pinduoduo's headline numbers looked impressive, but concerns about its decelerating growth, regulatory headwinds, and commitment to China's "common prosperity" push are weighing down the stock.
Stock prices can go up and down for a number of reasons in the near term, but over many years, stocks tend to follow the underlying growth of the company. While Alibaba (NYSE: BABA) and Stitch Fix (NASDAQ: SFIX) have seen their share prices crater this year, both companies continue to post solid operating results. Here's why these growth stocks could be bargains at current prices.
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