Dingdong (Cayman) Limited (NYSE:DDL) Stock Catapults 33% Though Its Price And Business Still Lag The Market
Dingdong (Cayman) Limited (NYSE:DDL) shares have continued their recent momentum with a 33% gain in the last month alone. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 12% over that time.
In spite of the firm bounce in price, given about half the companies in the United States have price-to-earnings ratios (or “P/E’s”) above 20x, you may still consider Dingdong (Cayman) as an attractive investment with its 15.1x P/E ratio. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
