With over 8.59 million Full Truck Alliance Co Ltd ADR (YMM) shares trading Friday and a closing price of $7.76 on the day, the dollar volume was approximately $66.67 million. The shares have shown a positive half year performance of 39.32% and its price on 11/24/23 gained nearly 3.19%. Currently, there are 945.97M common shares owned by the public and among those 881.92M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for YMM have a consensus price objective of $78.32. The analysts have set the share’s price value over the next 12 months at a high of $107.65 and a low of $57.41. The average price target is 29.58% above its recent price level and an upside to the estimated low will see the stock gain 86.48% over that period. But an upside of 92.79% will see the stock hit the forecast high price target while median target price for the stock is $78.48.
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Shares of Full Truck Alliance Co Ltd ADR (NYSE: YMM) opened at $7.57, up $0.05 from a prior closing price of $7.52. However, the script later moved the day high at 7.99, up 3.19%. The company’s stock has a 5-day price change of 12.14% and 16.52% over the past three months. YMM shares are trading -3.00% year to date (YTD), with the 12-month market performance up to 26.39% higher. It has a 12-month low price of $5.41 and touched a high of $10.18 over the same period. YMM has an average intraday trading volume of 5.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.44%, 10.62%, and 13.08% respectively.
Institutional ownership of Full Truck Alliance Co Ltd ADR (NYSE: YMM) shares accounts for 37.12% of the company’s 945.97M shares outstanding.
It has a market capitalization of $7.41B and a beta (3y monthly) value of 0.33. The stock’s trailing 12-month PE ratio is 31.88, while the earnings-per-share (ttm) stands at $0.24. The company has a PEG of 0.89 and a Quick Ratio of 8.21 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.40% over the week and 4.62% over the month.
Analysts forecast that Full Truck Alliance Co Ltd ADR (YMM) will achieve an EPS of $0.09 for the current quarter, $0.07 for the next quarter and $0.43 for 2024. The lowest estimate earnings-per-share for the quarter is $0.08 while analysts give the company a high EPS estimate of $0.09. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 88.05%, and 28.81% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Full Truck Alliance Co Ltd ADR (YMM) as a “Strong Buy” at a consensus score of 1.30. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 1 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the YMM, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on July 05, 2023, with the firm’s price target at $9.
