Tuya Inc ADR (NYSE:TUYA) price on Wednesday, February 05, fall -9.40% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.70.
A look at the stock’s price movement, the close in the last trading session was $2.98, moving within a range at $2.64 and $2.9495. The beta value (5-Year monthly) was 0.36. Turning to its 52-week performance, $3.00 and $1.28 were the 52-week high and 52-week low respectively. Overall, TUYA moved 55.17% over the past month.
Tuya Inc ADR’s market cap currently stands at around $1.32 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 81.4M for the company’s revenue for the quarter, with a low and high estimate of 81.4M and 81.4M respectively. The average forecast suggests up to a 26.38% 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 297.59M, representing a 29.39% 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 TUYA 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.
1 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 0 analyst(s) rate the stock as a Hold, 1 recommend TUYA 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.
TUYA’s current price about 26.73% and 41.01% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 70.46, while 7-day volatility ratio is 9.91% and 6.88% in the 30-day chart. Further, Tuya Inc ADR (TUYA) has a beta value of 0.46, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $3.5, forecast between a low of $3.5 and high of $3.5. Looking at the price targets, the low is -29.63% off current price level while to achieve the yearly target high, price needs to move -29.63%. Nonetheless, investors will most likely welcome a -29.63% jump to $3.5 which is the analysts’ median price.
If we refocus on Tuya Inc ADR (NYSE:TUYA), historical trading data shows that trading volumes averaged 2.4 over the past 10 days and 1.17 million over the past 3 months. The company’s latest data on shares outstanding shows there are 489.65 million shares.
The 0.65% of Tuya Inc ADR’s shares are in the hands of company insiders while institutional holders own 5.58% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.59 million on 2024-10-31, giving us a short ratio of 0.65. The data shows that as of 2024-10-31 short interest in Tuya Inc ADR (TUYA) stood at 37.0 of shares outstanding, with shares short falling to 0.72 million registered in 2024-09-30. Current price change has pushed the stock 50.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TUYA stock continues to rise going into the next quarter.
