Full Truck Alliance Co Ltd ADR (NYSE:YMM) price on current trading day, rose 1.56% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.36.
A look at the stock’s price movement, the level at last check in today’s session was $11.19, moving within a range at $11.14 and $11.585. The beta value (5-Year monthly) was 0.226 while the PE ratio in trailing twelve months stood at 27.66. Turning to its 52-week performance, $12.47 and $5.70 were the 52-week high and 52-week low respectively. Overall, YMM moved 7.62% over the past month.
Full Truck Alliance Co Ltd ADR’s market cap currently stands at around $10.67 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.14, with its dividend yield at 1.27%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 2.98B for the company’s revenue for the quarter, with a low and high estimate of 2.97B and 2.98B respectively. The average forecast suggests up to a 23.63% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 11.05B, representing a 31.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that YMM is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend YMM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
YMM’s current price about 3.93% and 10.68% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.31, while 7-day volatility ratio is 3.28% and 3.11% in the 30-day chart. Further, Full Truck Alliance Co Ltd ADR (YMM) has a beta value of 0.25, and an average true range (ATR) of 0.38. Analysts have given the company’s stock an average 52-week price target of $12, forecast between a low of $12 and high of $12. Looking at the price targets, the low is -5.63% off recent price level in today’s trading while to achieve the yearly target high, it has to move -5.63%. Nonetheless, investors will most likely welcome a -5.63% jump to $12 which is the analysts’ median price.
If we refocus on Full Truck Alliance Co Ltd ADR (NYSE:YMM), historical trading data shows that trading volumes averaged 6.21 over the past 10 days and 8.45 million over the past 3 months. The company’s latest data on shares outstanding shows there are 939.16 million shares.
The 4.80% of Full Truck Alliance Co Ltd ADR’s shares are in the hands of company insiders while institutional holders own 52.75% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 35.51 million on 2024-10-31, giving us a short ratio of 3.04. The data shows that as of 2024-10-31 short interest in Full Truck Alliance Co Ltd ADR (YMM) stood at 476.00000000000006 of shares outstanding, with shares short rising to 32.58 million registered in 2024-09-30. Current price change has pushed the stock 5.04% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the YMM stock continues to rise going into the next quarter.
