386 institutions hold shares in JOYY Inc. (YY), with 1.1M shares held by insiders accounting for 1.38% while institutional investors hold 75.42% of the company’s shares. The shares outstanding are 80.98M, and float is at 55.23M with Short Float at 13.44%. Institutions hold 74.38% of the Float.
The top institutional shareholder in the company is Morgan Stanley with over 4.88 million shares valued at $389.94 million. The investor’s holdings represent 7.54% of the YY Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 2.89 million shares valued at $231.16 million to account for 4.47% of the shares outstanding. The other top investors are Invesco Ltd. which holds 2.82 million shares representing 4.36% and valued at over $225.57 million, while Capital World Investors holds 4.13% of the shares totaling 2.67 million with a market value of $213.44 million.
JOYY Inc. (NASDAQ: YY) is 18.62% higher on its value in year-to-date trading and has touched a low of $50.59 and a high of $148.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The YY stock was last observed hovering at around $96.13 in the last trading session, with the day’s loss setting it -1.26% off its average median price target of $915.70 for the next 12 months. It is also 91.31% off the consensus price target high of $1092.30 offered by 16 analysts, but current levels are 84.96% higher than the price target low of $630.67 for the same period.
Currently trading at $94.87, the stock is -17.83% and -16.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.63 million and changing -1.31% at the moment leaves the stock 3.82% off its SMA200. YY registered 76.20% gain for a year compared to 6-month gain of 23.35%. The firm has a 50-day simple moving average (SMA 50) of $120.82 and a 200-day simple moving average (SMA200) of $95.03.
The stock witnessed a -19.53% loss in the last 1 month and extending the period to 3 months gives it a 22.65%, and is -16.10% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.00% over the week and 5.43% over the month.
JOYY Inc. (YY) has around 9273 employees, a market worth around $8.39B and $4.11B in sales. Current P/E ratio is 14.47 and Fwd P/E is 13.60. Profit margin for the company is 36.40%. Distance from 52-week low is 87.52% and -36.28% from its 52-week high. The company has generated returns on investments over the last 12 months (1.30%).
JOYY Inc. (YY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for JOYY Inc. (YY) is a “Buy”. 16 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
JOYY Inc. is expected to release its quarterly report on 06/01/2021 and quarterly earnings per share for the current quarter are estimated at $0.83 with sales reaching $862.54M over the same period.The EPS is expected to grow by 70.20% this year, but quarterly earnings will post 102.00% year-over-year. Quarterly sales are estimated to shrink -15.60% in year-over-year returns.