Tomorrow Is Not Likely To Be Same For So-Young International Inc. (SY)


First Manhattan Co. has recently announced that it has increased stake in So-Young International Inc. (NASDAQ:SY) by 113.64%. After grabbing 4.3 million shares, the institutional investor is now in possession of 2.29 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 4.75% having worth around $61.64 million. Moreover, The Vanguard Group, Inc. increased its share by 0.23 million to have a control over 1.19 million shares. And BofA Securities, Inc. raised its holdings to 39799.0 shares by acquiring 0.87 million shares or 0.96% of the stake.

So-Young International Inc. (SY) concluded trading on 08/26/20 at a closing price of $11.76, with 1.15 million shares of worth about $13.5 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -7.55% during that period and on Wednesday the price saw a loss of about -1.18%. Currently the company’s common shares owned by public are about 105.45M shares, out of which, 13.00M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the SY stock and their offered price forecasts bring an average price target of $120.22. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $136.31 and could fall to a lowest price of $106.60. Analysts also issued an outlook of 1.40 for the So-Young International Inc. stock for next 12 months. The stock’s current price level is 24.71% above of average price target set by the analysts, while a rise to estimated low would result in gain of 88.97 for the stock. However, touching the estimated high of $136.31 would mean a gain of 91.37% for the stock.

KraneShares CSI China Internet ET, Vanguard Total International Stoc, and Vanguard Emerging Markets Stock I are the top 3 mutual funds which are holding stakes in So-Young International Inc. KraneShares CSI China Internet ET is currently holding 0.62 million shares of worth totaling $8.94 million. The company recently came selling 2328.0 shares which brought its stake up to 0.69% of the company’s outstanding shares. Vanguard Emerging Markets Stock I, after buying 0.52 million shares, have now control over 0.57% of the stake in the company. It holds 33732.0 shares of worth $7.41 million.

So-Young International Inc. (NASDAQ: SY) started trading at $11.93, above $0.03 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $11.76, or with a loss of -1.18%. Stock saw a price change of -7.55% in past 5 days and over the past one month there was a price change of -12.95%. Year-to-date (YTD), SY shares are showing a performance of -3.76% which decreased to -24.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.03 but also hit the highest price of $16.96 during that period. While comparing its average daily trading volume of 773.84K shares, we see that about 1.15 million changed hands on the day. The stock is currently trading -11.22% below its 20-day simple moving average (SMA20), while that difference is down -11.30% for SMA50 and it goes to -1.44% lower than SMA200.

First Manhattan Co. acquired 4.3 million shares of So-Young International Inc. having value of about $61.64 million. Data submitted at the U.S SEC by First Manhattan Co. revealed that the firm now holds 2.29 million shares in the company valued at close to $26905715.76, or have control over 113.64% stake in the company. So-Young International Inc. (NASDAQ: SY) currently have 105.45M outstanding shares and institutions hold larger chunk of about 27.80% of that. Holding of mutual funds in the company is about 24.11% while other institutional holders and individual stake holders have control over 3.21% and — of the stake respectively.

The stock has a current market capitalization of $1.26B. PE ratio of stock for trailing 12 months is 105.95, while it has posted earnings per share of $0.11 in the same period. It has Quick Ratio of 7.00 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SY, volatility over the week remained 5.58% while standing at 5.88% over the month.

Analysts are in expectations that So-Young International Inc. (SY) stock would likely to be making an EPS of $0.08 in the current quarter, while forecast for next quarter ESPS is $0.13 and it is $1.06 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.07 which is $0.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 413.60% while it is estimated to increase by 171.93% in next year.

Analysts at 4 brokerage firms have issued recommendations for the So-Young International Inc. (SY)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.40. Out of those 4 Wall Street analysts, 4 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on April 23, 2020 offering a Buy rating for the stock and assigned a target price of $16.20 to it. Coverage by Jefferies stated So-Young International Inc. (SY) stock as a Buy in their note to investors on December 05, 2019, suggesting a price target of for the stock. On May 28, 2019, Needham Initiated their recommendations, while on May 28, 2019, Deutsche Bank Initiated their ratings for the stock with a price target of. Stock get a Buy rating from Canaccord Genuity on May 28, 2019.


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