JOYY Inc ADR (NASDAQ: YY) is -8.44% lower on its value in year-to-date trading and has touched a low of $27.88 and a high of $43.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The YY stock was last observed hovering at around $36.58 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $36.35, the stock is 1.48% and 4.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -0.63% at the moment leaves the stock 9.76% off its SMA200. YY registered -6.15% loss for a year compared to 6-month gain of 6.41%. The firm has a 50-day simple moving average (SMA 50) of $34.8408 and a 200-day simple moving average (SMA200) of $33.1056.
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The stock witnessed a 5.91% loss in the last 1 month and extending the period to 3 months gives it a 13.95%, and is 0.06% up 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 5.24% over the week and 3.03% over the month.
JOYY Inc ADR (YY) has around 6292 employees, a market worth around $1.48B and $2.27B in sales. Current P/E ratio is 9.13 and Fwd P/E is 8.73. Profit margin for the company is 11.74%. Distance from 52-week low is 30.38% and -15.86% from its 52-week high. The company has generated returns on investments over the last 12 months (5.13%).
The EPS is expected to shrink by -6.18% this year
The shares outstanding are 44.54M, and float is at 40.58M with Short Float at 2.75%.
The top institutional shareholder in the company is POINT72 HONG KONG LTD with over 3.02 million shares valued at $90.95 million. The investor’s holdings represent 4.8924 of the YY Shares outstanding. As of 2024-06-30, the second largest holder is ACADIAN ASSET MANAGEMENT LLC with 1.75 million shares valued at $52.74 million to account for 2.8383 of the shares outstanding. The other top investors are KRANE FUNDS ADVISORS LLC which holds 1.41 million shares representing 2.2894 and valued at over $42.56 million, while BLACKROCK INC. holds 1.946 of the shares totaling 1.2 million with a market value of $36.18 million.
