In last trading session, JOYY Inc. (NASDAQ:YY) saw 16,815,125 shares changing hands with its beta currently measuring 1.14. Company’s recent per share price level of $86.11 trading at $12.45 or 16.9% at ring of the bell on the day assigns it a market valuation of $6.97 Billion. That closing price of YY’s stock is at a discount of -25.66% from its 52-week high price of $108.21 and is indicating a premium of 52% from its 52-week low price of $41.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.83 Million shares which gives us an average trading volume of 1.29 Million if we extend that period to 3-months.
JOYY Inc. (NASDAQ:YY) trade information
Upright in the green today for gaining 16.9%, in the last five days YY remained trading in the green while hitting it’s week-highest on Tuesday, Nov 17 when the stock touched $108.21 price level, adding 20.42% to its value on the day. JOYY Inc.’s shares saw a change of 63.12% in year-to-date performance and have moved -8.4% in past 5-day. JOYY Inc. (NASDAQ:YY) showed a performance of 7.22% in past 30-days. Number of shares sold short was 4.61 Million shares which calculate 3.57 days to cover the short interests.
JOYY Inc. (YY) estimates and forecasts
Statistics highlight that JOYY Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +54.24% of value to its shares in past 6 months, showing an annual growth rate of -3.6% while that of industry is 16.5. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 32.6% in the current quarter and calculating 68.1% increase in the next quarter. This year revenue growth is estimated to rise 6.1% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $981.91 Million for the same. And 1 analysts are in estimates of company making revenue of $925.84 Million in the next quarter that will end in March 01, 2021. Company posted $1.09 Billion and $1.02 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -9.8% while estimating it to be -9.4% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 19.4% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 70.2% while estimates for its earnings growth in next 5 years are of 3.57%
JOYY Inc. is more likely to be releasing its next quarterly report between November 16 and November 16, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.24%, the share has a forward dividend of 1.24 which implies that company’s dividend yield remained growing in trailing twelve months.
JOYY Inc. (NASDAQ:YY)’s Major holders
Insiders are in possession of 1.38% of company’s total shares while institution are holding 73.93% percent of that, with stock having share float percentage of 74.96%. Investors also watch the number of corporate investors in a company very closely, which is 394 institutions for JOYY Inc. that are currently holding shares of the company. Morgan Stanley is the top institutional holder at YY for having 3.49 Million shares of worth $281.56 Million. And as of September 29, 2020, it was holding 7.23% of the company’s outstanding shares.
The second largest institutional holder is Price (T.Rowe) Associates Inc, which was holding about 3.29 Million shares on September 29, 2020. The number of shares represents firm’s hold over 6.81% of outstanding shares, having a total worth of $265.49 Million.
On the other hand, Fundamental Investors Inc and New World Fund, Inc. are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 1363466 shares of worth $109.99 Million or 2.82% of the total outstanding shares. The later fund manager was in possession of 1.02 Million shares on September 29, 2020, making its stake of worth around $82.28 Million in the company or a holder of 2.11% of company’s stock.