There Is Clear Momentum For Full Truck Alliance Co Ltd ADR (NYSE: YMM)

Full Truck Alliance Co Ltd ADR (YMM) concluded trading on Wednesday at a closing price of $6.33, with 3.63 million shares of worth about $22.98 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.43% during that period and on Wednesday the price saw a loss of about -0.47%. Currently the company’s common shares owned by public are about 945.97M shares, out of which, 866.54M shares are available for trading.

Stock saw a price change of 2.10% in past 5 days and over the past one month there was a price change of -0.16%. Year-to-date (YTD), YMM shares are showing a performance of -9.70% which decreased to -9.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.41 but also hit the highest price of $8.52 during that period. The average intraday trading volume for Full Truck Alliance Co Ltd ADR shares is 5.81 million. The stock is currently trading -0.74% below its 20-day simple moving average (SMA20), while that difference is down -4.56% for SMA50 and it goes to -6.09% lower than SMA200.

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Full Truck Alliance Co Ltd ADR (NYSE: YMM) currently have 945.97M outstanding shares and institutions hold larger chunk of about 38.90% of that.

The stock has a current market capitalization of $6.04B and its 3Y-monthly beta is at 0.29. PE ratio of stock for trailing 12 months is 26.01, while it has posted earnings per share of $0.24 in the same period. Its PEG reads 0.72 and has Quick Ratio of 8.21 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 YMM, volatility over the week remained 3.59% while standing at 3.87% over the month.

Analysts are in expectations that Full Truck Alliance Co Ltd ADR (YMM) stock would likely to be making an EPS of $0.08 in the current quarter, while forecast for next quarter EPS is $0.08 and it is $0.45 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.08 which is $0.09 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 85.79% while it is estimated to increase by 28.48% in next year.

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 Morgan Stanley on July 05, 2023 offering an Overweight rating for the stock and assigned a target price of $9 to it. On December 01, 2022, Jefferies Initiated their recommendations, while on June 29, 2022, Credit Suisse Initiated their ratings for the stock with a price target of $12. Stock get a Buy rating from Citigroup on August 26, 2021.

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