JOYY Inc ADR (NASDAQ: YY) is 17.08% higher on its value in year-to-date trading and has touched a low of $27.88 and a high of $55.31 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 $52.08 in the last trading session, with the day’s loss setting it -3.08%.
Currently trading at $49.00, the stock is 4.70% and 13.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -5.91% at the moment leaves the stock 34.69% off its SMA200. YY registered 50.86% gain for a year compared to 6-month gain of 43.15%.
The stock witnessed a 10.83% loss in the last 1 month and extending the period to 3 months gives it a 36.00%, and is 1.81% 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 7.19% over the week and 4.80% over the month.
JOYY Inc ADR (YY) has around 6292 employees, a market worth around $1.84B and $2.26B in sales. Current P/E ratio is 15.30 and Fwd P/E is 11.36. Profit margin for the company is 8.96%. Distance from 52-week low is 75.75% and -11.40% 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 5.43% this year
The shares outstanding are 37.50M, and float is at 37.49M with Short Float at 3.02%.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.2 million shares valued at $$36.18 million. The investor’s holdings represent 1.946 of the YY Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 1.19 million shares valued at $$35.72 million to account for 1.9215 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.11 million shares representing 1.7909 and valued at over $$33.29 million, while BANK OF AMERICA CORP /DE/ holds 1.1282 of the shares totaling 0.7 million with a market value of $$20.97 million.
