The trading price of HUYA Inc. (NYSE:HUYA) floating lower at last check on Tuesday, Feb 23, closing at $28.26, -2.94% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $25.38 and $28.37. The company’s P/E ratio in the trailing 12-month period was 55.2, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $36.33 and a 52-week low of $11.78. Over the past month, the stock has gained 19.19% in value.
HUYA Inc., whose market valuation is $6.52 Billion at the time of this writing, is expected to release its quarterly earnings report in Apr 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.19 per share this quarter, however they have predicted annual earnings per share of $0.84 for 2021 and $1.08 for 2022. It means analysts are expecting annual earnings per share growth of 0.83% this year and 0.29% next year.
Analysts have forecast the company to bring in revenue of $473.5 Million for the quarter, with the likely lows of $435.21 Million and highs of $506.52 Million. The average estimate suggests sales will likely up by 34.3% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $1.7 Billion. The company’s revenue is forecast to grow by +42.1% over what it did in 2020.
On the technical side, indicators suggest HUYA has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned HUYA a recommendation rating is 13. Out of them, 4 rate it a Hold, while 8 recommend Buy, whereas none assign an Outperform rating. 1 analyst(s) have tagged HUYA Inc. (HUYA) as Underperform, while not any of them advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
To see how HUYA Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: HUYA stock’s performance was -2.94% at last check in today’s session, and +40.95% in the past year, while Netease Inc Ads (NTES) has been trading -0.66% in recent session and positioned +70.24% higher than it was a year ago. Another comparable company Ringcentral Inc (RNG) saw its stock trading -3.55% lower in today’s session but was up +69.08% in a year. Furthermore, Okta Inc Cl A (OKTA) showed a decline of -2.94% today while its price kept rising at 40.95% over the past year. HUYA Inc. has a P/E ratio of 55.2, compared to Netease Inc Ads 0 and Ringcentral Inc’s 0. Also during today’s trading, the S&P 500 Index has soared -0.93%, while the Dow Jones Industrial also saw a negative seesion, down -0.54% today.
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An evaluation of the daily trading volume of HUYA Inc. (NYSE:HUYA) indicates that the 3-month average is 3.67 Million. However, this figure has increased over the past 10 days to an average of 3.99 Million.
Currently, records show that 235.3 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 2.39% of outstanding shares, whereas institutions hold 108.67%. The stats also highlight that short interest as of January 28, 2021, stood at 23.48 Million shares, resulting in a short ratio of 6.74 at that time. From this, we can conclude that short interest is 9.98% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 26.79 Million. However, since the stock’s price has seen +41.8% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.