Pinduoduo Inc. is a NASDAQ-listed company with a market capitalization of $118.11 billion and its stock price at 93.42. The company has seen its stock price decline by 3.37% in the past 24 hours, but it has traded as high as 106.38 USD per share in the past year and hit a low of 23.21 USD per share in the same period.
Looking at Pinduoduo’s financials, the company reported total revenues of $35.50 billion for the quarter ending on November 28th, 2022 which was an increase of 15% from the previous quarter’s revenue figure of $31.44 billion and an increase of 16% from the year-ago period’s revenue figure of $30.64 billion. For the quarter ending on May 27th, 2022, Pinduoduo reported total revenues of $23.79 billion which was an increase of 11% from the previous quarter’s revenue figure of $21.54 billion and a decrease of 10% from the year-ago period’s revenue figure of $26.32 billion.
Overall, despite seeing some fluctuations in its quarterly revenues, Pinduoduo Inc.’s overall financial health looks good with increasing revenues over time and increasing stock prices over the last 12 months showing that investors are confident about its prospects going forward into 2023 and beyond
