Yalla Group Limited ADR (NYSE:YALA) shares, rose in value on Friday, May 30, with the stock price down by -0.14% to the previous day’s close as strong demand from buyers drove the stock to $6.90.
Actively observing the price movement in the last trading, the stock closed the session at $6.91. The PE ratio was 8.98 over 12-month period. Referring to stock’s 52-week performance, its high was $8.29, and the low was $3.71. On the whole, YALA has fluctuated by -10.04% over the past month.
With the market capitalization of Yalla Group Limited ADR currently standing at about $920.05 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 361.17M, with a low estimate of 86.9M and a high estimate of 86.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 86.9M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that YALA’s technical picture suggests that short-term indicators denote the stock is a 50% 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 100% Buy.
The stock’s technical analysis shows that the price of YALA currently trading nearly -6.44% and 4.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.01, while the 7-day volatility ratio is showing 1.11% which for the 30-day chart, stands at 3.57%. Furthermore, Yalla Group Limited ADR (YALA)’s beta value is 0.82, and its average true range (ATR) is 0.48.
A comparison of Yalla Group Limited ADR (YALA) with its peers suggests the former has fared considerably weaker in the market. YALA showed an intraday change of -0.14% in last session, and over the past year, it grew by 43.75%%.
Data on historical trading for Yalla Group Limited ADR (NYSE:YALA) indicates that the trading volumes over the past 3 months, they’ve averaged 1.21 million. According to company’s latest data on outstanding shares, there are 133.34 million shares outstanding.
Yalla Group Limited ADR’s shares belong to company insiders and institutional investors own 7.95% of the company’s shares. The stock has risen by 69.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the YALA stock heading into the next quarter.
