BlackRock Fund Advisors recently announced the acquisition of new stake in Tuya Inc ADR (NYSE:TUYA). The institutional investor has increased its shareholding in the Technology company by 3.31% to 3.9 million shares with purchase of 0.12 million shares. This fresh investment now brings its stake to 0.77% valued currently at $8.66 million. In addition, Vanguard Fiduciary Trust Co. raised its holdings by 3811.0 to 1.55 million shares. And State Street Global Advisors Ltd. has lifted its position by 315.38% or 0.35 million shares – to 0.46 million shares.
With over 0.44 million Tuya Inc ADR (TUYA) shares trading Friday and a closing price of $2.05 on the day, the dollar volume was approximately $0.9 million. The shares have shown a positive half year performance of 15.17% and its price on 12/22/23 lost nearly -0.49%. Currently, there are 473.55M common shares owned by the public and among those 468.93M shares have been available to trade.
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The top 3 mutual fund holders in Tuya Inc ADR are Vanguard Emerging Markets Stock I, Vanguard Total International Stoc, and iShares Core MSCI Emerging Market. Vanguard Emerging Markets Stock I owns 3.0 million shares of the company’s stock, all valued at over $6.66 million. Vanguard Total International Stoc bought 9664.0 shares to see its total holdings expand to 2.96 million shares valued at over $6.57 million and representing 0.59% of the shares outstanding. iShares Core MSCI Emerging Market now owns shares totaling to 0.48% of the shares outstanding.
Shares of Tuya Inc ADR (NYSE: TUYA) opened at $2.04, down -$0.02 from a prior closing price of $2.06. The company’s stock has a 5-day price change of 0.99% and 40.41% over the past three months. TUYA shares are trading 7.33% year to date (YTD), with the 12-month market performance up to 12.64% higher. It has a 12-month low price of $1.23 and touched a high of $3.12 over the same period. TUYA has an average intraday trading volume of 253.07K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.82%, 9.92%, and 14.93% respectively.
Institutional ownership of Tuya Inc ADR (NYSE: TUYA) shares accounts for 5.47% of the company’s 473.55M shares outstanding. Mutual fund holders own 1.48%, while other institutional holders and individual stakeholders account for 3.61% and — respectively.
It has a market capitalization of $970.78M and a beta (3y monthly) value of 0.27. The earnings-per-share (ttm) stands at -$0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.86% over the week and 6.33% over the month.
Analysts forecast that Tuya Inc ADR (TUYA) will achieve an EPS of $Tenaya Therapeutics, Inc. for the current quarter, $3.02 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Simplify Exchange Traded Funds while analysts give the company a high EPS estimate of $Tuya Inc.. Comparatively, EPS for the current quarter was $TYA a year ago. Earnings per share for the fiscal year are expected to increase by 111.90%, and -25.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Tuya Inc ADR (TUYA) as a “Strong Buy” at a consensus score of 1.00. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 0 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
