Analysts Update Their Price Forecasts For HUYA Inc ADR (HUYA)

HUYA Inc ADR (HUYA) concluded trading on 01/11/24 at a closing price of $3.50, with 2.64 million shares of worth about $9.25 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.23% during that period and on Thursday the price saw a gain of about 8.02%. Currently the company’s common shares owned by public are about 89.40M shares, out of which, 87.37M 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: 11 analysts are covering the HUYA stock and their offered price forecasts bring an average price target of $29.29. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $49.60 and could fall to a lowest price of $16.46. The stock’s current price level is 15.25% above of average price target set by the analysts, while a rise to estimated low would result in gain of 78.74% for the stock. However, touching the estimated high of $49.60 would mean a gain of 92.94% for the stock.

HUYA Inc ADR (NYSE: HUYA) started trading at $3.28, above $0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 3.5400, or with a gain of 8.02%. Stock saw a price change of 0.57% in past 5 days and over the past one month there was a price change of 3.24%. Year-to-date (YTD), HUYA shares are showing a performance of -4.37% which decreased to -31.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.15 but also hit the highest price of $6.49 during that period. The average intraday trading volume for HUYA Inc ADR shares is 1.71 million. The stock is currently trading 0.97% above its 20-day simple moving average (SMA20), while that difference is up 0.52% for SMA50 and it goes to 9.74% higher than SMA200.

HUYA Inc ADR (NYSE: HUYA) currently have 89.40M outstanding shares and institutions hold larger chunk of about 52.99% of that.

The stock has a current market capitalization of $306.43M and its 3Y-monthly beta is at 0.56. It has posted earnings per share of -$0.26 in the same period. It has Quick Ratio of 5.13 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 HUYA, volatility over the week remained 5.08% while standing at 5.50% over the month.

Stock’s fiscal year EPS is expected to rise by 56.01% while it is estimated to increase by 115.33% in next year. EPS is likely to grow at an annualized rate of -6.68% for next 5-years, compared to annual growth of -32.53% made by the stock over the past 5-years.

Analysts at 11 brokerage firms have issued recommendations for the HUYA Inc ADR (HUYA)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.55. Out of those 11 Wall Street analysts, 5 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 2 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 JP Morgan on April 14, 2023 offering a Neutral rating for the stock and assigned a target price range of between $2.30 and $3 to it.

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