Is Full Truck Alliance Co Ltd ADR (NYSE: YMM) Back In The Buying Zone?

Currently, there are 939.16M common shares owned by the public and among those 869.83M shares have been available to trade.

The company’s stock has a 5-day price change of 4.18% and 52.93% over the past three months. YMM shares are trading 59.91% year to date (YTD), with the 12-month market performance up to 56.78% higher. It has a 12-month low price of $5.70 and touched a high of $12.47 over the same period. YMM has an average intraday trading volume of 11.52 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 10.06%, 18.06%, and 34.18% respectively.

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Institutional ownership of Full Truck Alliance Co Ltd ADR (NYSE: YMM) shares accounts for 50.13% of the company’s 939.16M shares outstanding.

It has a market capitalization of $10.53B and a beta (3y monthly) value of 0.27. The stock’s trailing 12-month PE ratio is 27.28, while the earnings-per-share (ttm) stands at $0.41. The company has a PEG of 0.91 and a Quick Ratio of 7.64 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 4.76% over the week and 3.80% over the month.

Earnings per share for the fiscal year are expected to increase by 70.07%, and 28.55% over the next financial year.

Looking at the support for the YMM, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on December 11, 2024, with the firm’s price target at $12-$13. Morgan Stanley coverage for the Full Truck Alliance Co Ltd ADR (YMM) stock in a research note released on July 05, 2023 offered a Overweight rating with a price target of $9. Barclays was of a view on February 09, 2023 that the stock is Equal Weight, while Jefferies gave the stock Buy rating on December 01, 2022, issuing a price target of $11. Credit Suisse on their part issued Outperform rating on June 29, 2022.

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