JOYY Inc ADR (NASDAQ:JOYY) shares, rose in value on Friday, May 30, with the stock price down by -2.33% to the previous day’s close as strong demand from buyers drove the stock to $47.88.
Actively observing the price movement in the last trading, the stock closed the session at $49.02. Referring to stock’s 52-week performance, its high was $55.31, and the low was $27.88. On the whole, JOYY has fluctuated by 16.33% over the past month.
With the market capitalization of JOYY Inc ADR currently standing at about $1.70 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.93, with its dividend yield at 1.94%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.12B, with a low estimate of 508M and a high estimate of 512.65M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 510.32M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that JOYY’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 50% 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 JOYY currently trading nearly 9.46% and 14.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.10, while the 7-day volatility ratio is showing 3.53% which for the 30-day chart, stands at 1.95%. Furthermore, JOYY Inc ADR (JOYY)’s beta value is 0.28, and its average true range (ATR) is 1.43.
A comparison of JOYY Inc ADR (JOYY) with its peers suggests the former has fared considerably weaker in the market. JOYY showed an intraday change of -2.33% in last session, and over the past year, it grew by 46.65%%.
Data on historical trading for JOYY Inc ADR (NASDAQ:JOYY) indicates that the trading volumes over the past 3 months, they’ve averaged 604.08K. According to company’s latest data on outstanding shares, there are 35.55 million shares outstanding.
Nearly 0.03% of JOYY Inc ADR’s shares belong to company insiders and institutional investors own 70.86% of the company’s shares. The stock has risen by 14.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JOYY stock heading into the next quarter.
