In the latest trading session, 1.01 million HUYA Inc. (NYSE:HUYA) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $16.38 changed hands at -$0.08 or -0.52% at last look, the market valuation stands at $3.93B. HUYA’s current price is a discount, trading about -121.79% off its 52-week high of $36.33. The share price had its 52-week low at $14.32, which suggests the last value was 12.58% up since then. When we look at HUYA Inc.’s average trading volume, we note the 10-day average is 2.61 million shares, with the 3-month average coming to 3.28 million.
Analysts gave the HUYA Inc. (HUYA) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended HUYA as a Hold, 9 felt it is a Buy and 1 rated the stock as Underweight. HUYA Inc.’s EPS for the current quarter is expected to be $0.14.
HUYA Inc. (NYSE:HUYA) trade information
Instantly HUYA was in red as seen in intraday trades today. With action -1.56%, the performance over the past five days has been red. The drop to weekly highs of 17.19 on Monday, 06/21/21 subtracted -0.52% to the stock’s daily price. The company’s shares are showing year-to-date downside of -17.41%, with the 5-day performance at -1.56% in the red. However, in the 30-day time frame, HUYA Inc. (NYSE:HUYA) is 7.58% up. Looking at the short shares, we see there were 25.25 million shares sold at short interest cover period of 7.97 days.
The consensus price target for the stock as assigned by Wall Street analysts is $139.57, meaning bulls need an upside of 88.26% from its recent market value. According to analyst projections, HUYA’s forecast low is $103.43 with $186.31 as the target high. To hit the forecast high, the stock’s price needs a -1037.42% plunge from its current level, while the stock would need to soar -531.44% for it to hit the projected low.
HUYA Inc. (HUYA) estimates and forecasts
Data shows that the HUYA Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -21.06% over the past 6 months, a -43.21% in annual growth rate that is considerably lower than the industry average of 6.10%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for HUYA Inc. will fall -36.40%, while the growth in revenue is estimated to hit -56.50% for the next quarter. Year-over-year growth is forecast to reach 12.40% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $442.82 million. 4 analysts are of the opinion that HUYA Inc.’s revenue for the quarter ending Sep 2021 will be $502.27 million. The company’s revenue for the corresponding quarters a year ago was $399.24 million and $434.02 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 10.90%. The estimates for the next quarter sales put growth at 15.70%.
The 2021 estimates are for HUYA Inc. earnings to increase by 83.90%, but the outlook for the next 5-year period is at 1.17% per year.
HUYA Inc. is expected to release its next quarterly earnings report in July.
HUYA Inc. (NYSE:HUYA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.36% of HUYA Inc. shares while 116.11% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 118.93%. There are 116.11% institutions holding the HUYA Inc. stock share, with Morgan Stanley the top institutional holder. As of Mar 30, 2021, the company held 32.36% of the shares, roughly 27.14 million HUYA shares worth $528.78 million.
ARK Investment Management, LLC holds the second largest percentage of outstanding shares, with 13.10% or 10.99 million shares worth $214.05 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Morgan Stanley Inst Fd Inc-International Opportunity Port and Fundamental Investors Inc. With 4.65 million shares estimated at $90.5 million under it, the former controlled 5.54% of total outstanding shares. On the other hand, Fundamental Investors Inc held about 5.42% of the shares, roughly 4.55 million shares worth around $88.58 million.