With 24.38 million shares changed hands, the volume of the stock remained heavier than its average volume of 9.82 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $9.94 whereas the lowest price it dropped to was $8.9. The 52-week range on YMM shows that it touched its highest point at $10.29 and its lowest point at $5.70 during that stretch. It currently has a 1-year price target of $11.69. With its current market cap of 9.24 billion, YMM has annualized dividend of $0.14 while the current yield stands at 1.47%. Beta for the stock currently stands at 0.21.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of YMM was up-trending over the past week, with a rise of 16.73%, but this was up by 7.31% over a month. Three-month performance surged to 29.47% while six-month performance rose 6.61%. The stock gained 21.63% in the past year, while it has gained 40.37% so far this year. A look at the trailing 12-month EPS for YMM yields 0.41 with Next year EPS estimates of 0.63. For the next quarter, that number is 0.13. This implies an EPS growth rate of 65.04% for this year and 32.09% for next year.
Float and Shares Shorts:
At present, 938.37 million YMM shares are outstanding with a float of 894.10 million shares on hand for trading. On 2024-10-31, short shares totaled 35.51 million, which was 340.00000000000006 higher than short shares on 1727654400. In addition to Mr. Hui Zhang as the firm’s Founder, Chairman & CEO, Mr. Langbo Guo serves as its President & Director.
Institutional Ownership:
Through their ownership of 0.60191 of YMM’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, YMM reported revenue of $2764283000.0 and operating income of $565367000.0. The EBITDA in the recently reported quarter was $544886000.0 and diluted EPS was $0.8.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for YMM since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With YMM analysts setting a high price target of 110.572 and a low target of 49.936, the average target price over the next 12 months is 84.39308. Based on these targets, YMM could surge 1023.7% to reach the target high and rise by 407.48% to reach the target low. Reaching the average price target will result in a growth of 757.65% from current levels.
Analysts have provided yearly estimates in a range of $3.39428 being high and $3.18647 being low. For YMM, this leads to a yearly average estimate of $3.32501. The surprise factor in the prior quarter was $0.91. Based on analyst estimates, the high estimate for the next quarter is $3.82 and the low estimate is $3.75. The average estimate for the next quarter is thus $3.79.
