JOYY Inc. (NASDAQ:YY) has a beta value of 1.23 and has seen 1,067,508 shares traded in the last trading session. The company, currently valued at $6.7 Billion, closed the last trade at $82.9 per share which meant it gained $1.95 on the day or 2.41% during that session. The YY stock price is -19.84% off its 52-week high price of $99.35 and 50.14% above the 52-week low of $41.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 871.22 Million shares traded. The 3-month trading volume is 1.21 Million shares.
The consensus among analysts is that JOYY Inc. (YY) is a Buy stock at the moment, with a recommendation rating of 1.7. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 23 have rated it as a Hold, with 21 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.98.
JOYY Inc. (NASDAQ:YY) trade information
Sporting 2.41% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Sep 15 when the YY stock price touched $83.72- or saw a rise of 0.98%. Year-to-date, JOYY Inc. shares have moved 57.04%, while the 5-day performance has seen it change 12.25%. Over the past 30 days, the shares of JOYY Inc. (NASDAQ:YY) have changed 2.88%. Short interest in the company has seen 3.61 Million shares shorted with days to cover at 2.98.
JOYY Inc. (YY) estimates and forecasts
Figures show that JOYY Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +67.64% over the past 6 months, with this year growth rate of -4.88%, compared to 3.6% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 7.7% and 28.4% for the next quarter. Revenue growth from the last financial year stood is estimated to be +0.7%.
12 analysts offering their estimates for the company have set an average revenue estimate of $871.15 Million for the current quarter. 10 have an estimated revenue figure of $938.96 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $983.4 Million and $1.09 Billion respectively for this quarter and the next, and analysts expect sales will grow by -11.4% for the current quarter and -13.7% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +19.4% over the past 5 years. Earnings growth for 2020 is a modest +70.2% while over the next 5 years, the company’s earnings are expected to increase by 3.27%.
JOYY Inc. is expected to release its next earnings report between November 10 and November 16 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.24 at a share yield of 1.66%.
JOYY Inc. (NASDAQ:YY)’s Major holders
Insiders own 1.43% of the company shares, while shares held by institutions stand at 72.13% with a share float percentage of 73.18%. Investors are also buoyed by the number of investors in a company, with JOYY Inc. having a total of 377 institutions that hold shares in the company. The top two institutional holders are Morgan Stanley with over 3.59 Million shares worth more than $317.76 Million. As of June 29, 2020, Morgan Stanley held 7.43% of shares outstanding.
The other major institutional holder is Capital World Investors, with the holding of over 3.06 Million shares as of June 29, 2020. The firm’s total holdings are worth over $271.12 Million and represent 6.34% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fundamental Investors Inc and New World Fund, Inc. As of June 29, 2020, the former fund manager holds about 2.83% shares in the company for having 1365000 shares of worth $120.87 Million while later fund manager owns 1.04 Million shares of worth $92.09 Million as of June 29, 2020, which makes it owner of about 2.15% of company’s outstanding stock.