Home Top Movers Pinduoduo Inc. (PDD) Stock on the Rise Following Disclosure of Promising Q1...

Pinduoduo Inc. (PDD) Stock on the Rise Following Disclosure of Promising Q1 2021 Financial Reports

Pinduoduo Inc. (PDD) stock prices were up by 4.36% as of the market closing on May 28th, 2021, bringing the price per share up to USD$124.88 at the end of the trading day. Subsequent pre-market fluctuations saw the stock surge by another 4.96%, bringing it up to USD$131.07.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now.

Stellar Growth

Total revenues reported for the first quarter of the fiscal year 2021 were up by 239% to USD$3.3834 billion, as compared to the numbers reported in the same time period of the year prior. Average monthly active users grew from 487.4 million in the first quarter of 2020 to 724.6 million in Q1 2021, indicating a year-over-year increase of 49%.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

Promising Improvements

Active buyers for the 12-month period ended March 31st, 2021 were reported at 823.8 million, up 31% from the 628.1 million reported for the same 12-month period of the year prior. Operating loss for the first quarter of 2021 was reported at UDS$633 million, with the non-GAAP operating loss coming in at USD$484.5 million for the quarter.

Costs of Revenue

Total costs of revenues increased by a monumental 487% in the first quarter of the fiscal year 2021, as compared to the numbers reported for the same time period of the prior year. Q1 2021 reported a cost of revenue of USD$1640.2 million. This massive difference is largely attributable to the costs of merchandise sales, increases in the cost of payment processing feed, cloud service fees, and delivery and storage fees.

R&D Expenses

Research and development expenses were up 51% from the first quarter of the fiscal year 2020, with Q1 2021 reporting USD$338.6 million in R&D costs. This significant difference is largely attributable to an increase in the company’s headcount, as well as the recruitment of more experienced R&D personnel. The yearly difference in R&D expenses was also contributed to by an increase in R&D-related cloud services expenses.

Solid Liquidity Position

PDD also reported USD$756.4 million worth of the 0% convertible bonds due in the fiscal year 2024 had been converted into newly issued American Depositary Shares as of April 30th, 2021. As of March 31st, 2021, the company reported cash, cash equivalents, and short-term investments totaling USD$12.7 billion, reflecting a stellar liquidity position.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now.

Future Outlook for PDD

Armed with a solid liquidity position, PDD is poised to capitalize on the opportunities presented it to usher in further growth. Current and potential investors are hopeful that management will leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Tyme Technologies, Inc. (TYME) Stock Trends downwards Following Strong Q4 2021 Financials and Progress in OASIS Trial

Tyme Technologies, Inc. (TYME) stock prices was down by -6.92% shortly after market trading commenced on June 11th, 2021, bringing the price per share...

Prophase Labs Inc. (PRPH) stock surged during pre-market trading session. Let’s figure out why?

Prophase Labs Inc. (NASDAQ: PRPH) stock soared by 5.87% at last close as well as the PRPH stock price has been observed rising by...

Why Surgalign Holdings, Inc. (SRGA) stock is gloomy today?

Surgalign Holdings, Inc. (SRGA) stock announced the $50 million registered direct offering priced at the market under Nasdaq rules today on June 10, 2021,...

Exela Technologies Inc. (XELA) stock soars during pre-market. Here’s what you should know?

Exela Technologies Inc. (NASDAQ: XELA) stock gained by 8.28% at last close while the XELA stock price rises in the pre-market as well, by...

Atossa Therapeutics, Inc. (ATOS) stock gains during pre-market trading. Here’s to know why?

Atossa Therapeutics, Inc. (NASDAQ: ATOS) stock declined by 27.51% at the last close while the ATOS stock price rises further by 9.09% in the...

Magnachip Semiconductor Corporation (MX) stock is Popping High today: Why is it so?

Shares of the Magnachip Semiconductor Corporation (MX) stock were popping high after the announcement of its receival of unsolicited buyout bid from Cornucopia Investment...

Why is Autolus Therapeutics plc (AUTL) stock rising today?

Shares of  Autolus Therapeutics plc (AUTL) stock were rising today on June 11, 2021, following the release of the presentation data related to obe-cel...

Mustang Bio, Inc. (MBIO) stock is climbing today: Here is to know why.

Mustang Bio, Inc. (MBIO) stock announced the updated interim data from Phase 1/2 clinical trial of its MB-106 CD20-targeted, autologous CAR T today on...

Related News

Magnachip Semiconductor Corporation (MX) stock is Popping High today: Why is it so?

Shares of the Magnachip Semiconductor Corporation (MX) stock were popping high after the announcement of its receival of unsolicited buyout bid from Cornucopia Investment...

Mustang Bio, Inc. (MBIO) stock is climbing today: Here is to know why.

Mustang Bio, Inc. (MBIO) stock announced the updated interim data from Phase 1/2 clinical trial of its MB-106 CD20-targeted, autologous CAR T today on...

Here’s why Soligenix, Inc. (SNGX) stock is Popping High today

Soligenix, Inc. (SNGX) stock gained Pediatric Investigation Plan (PIP) waiver for HyBryte™ (SGX301 or hypericin) by European Medicines Agency (EMA) after which the SNGX...

Clover Health Investments Corp. (CLOV) stock rises during pre-market. Let’s find out why?

Clover Health Investments Corp. (NASDAQ: CLOV) stock declined by 23.61% at last close while the CLOV stock price gains by 5.73% in the pre-market...

GameStop Inc. (GME) stock plunged during after-hour session. Here’s the update

GameStop Inc. (NASDAQ: GME) stock gained by 0.85% at the last close while the GME stock price declines by 5.21% in the after-hours session....

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam