Reviewing The Case For Full Truck Alliance Co Ltd ADR (YMM) Going Higher

Currently, there are 938.37M common shares owned by the public and among those 873.99M shares have been available to trade.

The company’s stock has a 5-day price change of 9.02% and 24.75% over the past three months. YMM shares are trading 43.08% year to date (YTD), with the 12-month market performance up to 45.78% higher. It has a 12-month low price of $5.70 and touched a high of $10.00 over the same period. YMM has an average intraday trading volume of 9.19 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 24.74%, 31.08%, and 31.68% respectively.

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Institutional ownership of Full Truck Alliance Co Ltd ADR (NYSE: YMM) shares accounts for 51.65% of the company’s 938.37M shares outstanding.

It has a market capitalization of $9.42B and a beta (3y monthly) value of 0.21. The stock’s trailing 12-month PE ratio is 29.20, while the earnings-per-share (ttm) stands at $0.34. The company has a PEG of 0.97 and a Quick Ratio of 6.94 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 5.49% over the week and 3.90% over the month.

Earnings per share for the fiscal year are expected to increase by 61.45%, and 32.81% over the next financial year.

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. Jefferies was of a view on December 01, 2022 that the stock is Buy, while Credit Suisse gave the stock Outperform rating on June 29, 2022, issuing a price target of $12. Citigroup on their part issued Buy rating on August 26, 2021.

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