Dingdong (DDL, Financial) experienced a significant stock price drop of 5.10%, bringing its share price to $3.26. The trading volume reached 469,325 shares, with a turnover rate of 0.22% and a volatility of 4.37%. Despite the decline, the company's recent financial report indicates a revenue of $912 million, a net profit of $18.28 million, and earnings per share of $0.08. The gross profit stands at $76.60 million, with a price-to-earnings ratio of 26.01.
All four institutions that rated Dingdong's stock have recommended a buy, with no hold or sell suggestions. This positions Dingdong favorably within the food and grocery sector, which saw an overall decline of 0.05%. Within the sector, stocks like Village Super Market, Inc. and Kroger showed notable gains, while Grocery Outlet Holding Corp. and Sprouts Farmers Market, Inc. were particularly active, with turnover rates of 1.01% and 0.41%, respectively. Grocery Outlet Holding Corp. also experienced significant volatility at 5.30%.
Dingdong, a fast-growing on-demand e-commerce company in China, offers fresh produce, meat, and seafood directly to consumers through its extensive delivery network. Sales are facilitated via the Dingdong Fresh app, mini-programs, and membership services.
