HUYA Inc. (NYSE:HUYA) shares, rose in value on Thursday, Jan 14, with the stock price up by 1.45% to the previous day’s close as strong demand from buyers drove the stock to $22.08.
Actively observing the price movement in the recent trading, the stock is buoying the session at $21.77, falling within a range of $21.61 and $22.37. The value of beta (5-year monthly) is 0 whereas the PE ratio is 42.44 over 12-month period. Referring to stock’s 52-week performance, its high was $30.62, and the low was $11.78. On the whole, HUYA has fluctuated by 6.98% over the past month.
With the market capitalization of HUYA Inc. currently standing at about $5.08 Billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.19, which is expected to increase to $0.46 for fiscal year 2021 and then to about $1.11 by fiscal year 2022. Data indicates that the EPS growth is expected to be 0.78% in 2021, while the next year’s EPS growth is forecast to be 0.35%.
Analysts have estimated the company’s revenue for the quarter at $480.23 Million, with a low estimate of $465.04 Million and a high estimate of $506.06 Million. According to the average forecast, sales growth in current quarter could jump up +36.2%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $1.7 Billion, representing an increase of 42.2% from the revenues reported in the last year’s results.
We see that HUYA’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a Hold.
14 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 4 analyst(s), 9 recommend it as a Buy and 1 called the HUYA stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
A comparison of HUYA Inc. (HUYA) with its peers suggests the former has fared considerably weaker in the market. HUYA showed an intraday change of +1.45% in today’s session so far, and over the past year, it grew by +5.73%. In comparison, Netease Inc Ads (NTES) has moved lower at -0.02% today and is up +53.41% over the past 12 months. On the other hand, the price of Ringcentral Inc (RNG) has risen 0.56% today. The stock, however, is off 108.68% from where it was a year ago. Additionally, there is a gain of 145% for Okta Inc Cl A (OKTA) in recent trading while the stock has seen an overall apprecation of 5.73% over the past year. The PE ratio stands at 42.44 for HUYA Inc., compared to 131.67 for Netease Inc Ads, and 0 for Ringcentral Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.21%. Meanwhile, the Dow Jones Industrial improved by 0.37%.
Data on historical trading for HUYA Inc. (NYSE:HUYA) indicates that the trading volumes over the past 10 days have averaged 2.79 Million and over the past 3 months, they’ve averaged 3.28 Million. According to company’s latest data on outstanding shares, there are 235.3 Million shares outstanding.
Nearly 2.39% of HUYA Inc.’s shares belong to company insiders and institutional investors own 108.67% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 26.79 Million shares as on December 30, 2020, resulting in a short ratio of 8. According to the data, the short interest in HUYA Inc. (HUYA) stood at 11.39% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 28.75 Million. The stock has risen by +9.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HUYA stock heading into the next quarter.
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