Tuya Inc ADR (NYSE:TUYA) shares, rose in value, with the stock price up by 3.42% to the previous day’s close as strong demand from buyers drove the stock to $2.27.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.19, falling within a range of $2.18 and $2.3. The value of beta (5-year monthly) is 0.36. Referring to stock’s 52-week performance, its high was $2.20, and the low was $1.28. On the whole, TUYA has fluctuated by 25.83% over the past month.
With the market capitalization of Tuya Inc ADR currently standing at about $1.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 297.19M, with a low estimate of 79.4M and a high estimate of 81.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 80.4M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TUYA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of TUYA currently trading nearly 24.40% and 28.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 77.64, while the 7-day volatility ratio is showing 6.12% which for the 30-day chart, stands at 4.64%. Furthermore, Tuya Inc ADR (TUYA)’s beta value is 0.48, and its average true range (ATR) is 0.10.
A comparison of Tuya Inc ADR (TUYA) with its peers suggests the former has fared considerably weaker in the market. TUYA showed an intraday change of 3.42% in today’s session so far, and over the past year, it grew by 26.52%%.
Data on historical trading for Tuya Inc ADR (NYSE:TUYA) indicates that the trading volumes over the past 10 days have averaged 1.19 and over the past 3 months, they’ve averaged 893.48K. According to company’s latest data on outstanding shares, there are 489.65 million shares outstanding.
Nearly 0.65% of Tuya Inc ADR’s shares belong to company insiders and institutional investors own 5.66% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.59 million shares as on 2024-10-31, resulting in a short ratio of 0.65. According to the data, the short interest in Tuya Inc ADR (TUYA) stood at 37.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 0.72 million. The stock has risen by 26.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TUYA stock heading into the next quarter.
