JOYY Inc ADR (NASDAQ: YY) is -7.89% lower on its value in year-to-date trading and has touched a low of $27.88 and a high of $42.88 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 $38.19 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $38.55, the stock is -3.29% and 2.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.35 million and changing 0.94% at the moment leaves the stock 12.04% off its SMA200. YY registered 17.82% gain for a year compared to 6-month gain of 12.10%. The firm has a 50-day simple moving average (SMA 50) of $37.6086 and a 200-day simple moving average (SMA200) of $34.3668.
The stock witnessed a -5.19% loss in the last 1 month and extending the period to 3 months gives it a 10.11%, and is -7.89% 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 3.91% over the week and 4.25% over the month.
JOYY Inc ADR (YY) has around 6292 employees, a market worth around $1.45B and $2.26B in sales. Current P/E ratio is 12.03 and Fwd P/E is 9.01. Profit margin for the company is 8.96%. Distance from 52-week low is 38.27% and -10.10% from its 52-week high. The company has generated returns on investments over the last 12 months (3.91%).
The EPS is expected to grow by 1.97% this year
The shares outstanding are 37.50M, and float is at 37.31M with Short Float at 3.05%.
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.
