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Full Truck Alliance Co. Ltd. (NYSE:YMM) Declines -87.70% In 2022; Is It Attractive Enough At $6.40?

In last trading session, Full Truck Alliance Co. Ltd. (NYSE:YMM) saw 2.61 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $6.40 trading at -$0.2 or -3.03% at ring of the bell on the day assigns it a market valuation of $7.57B. That closing price of YMM’s stock is at a discount of -174.22% from its 52-week high price of $17.55 and is indicating a premium of 35.62% from its 52-week low price of $4.12. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.46 million shares which gives us an average trading volume of 5.98 million if we extend that period to 3-months.

Full Truck Alliance Co. Ltd. (NYSE:YMM) trade information

Upright in the red during last session for losing -3.03%, in the last five days YMM remained trading in the red while hitting it’s week-highest on Tuesday, 09/20/22 when the stock touched $6.40 price level, adding 10.86% to its value on the day. Full Truck Alliance Co. Ltd.’s shares saw a change of -23.54% in year-to-date performance and have moved -8.70% in past 5-day. Full Truck Alliance Co. Ltd. (NYSE:YMM) showed a performance of -7.25% in past 30-days. Number of shares sold short was 38.34 million shares which calculate 4.08 days to cover the short interests.

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Wall Street analysts have assigned a consensus price target of $90.30 to the stock, which implies a rise of 92.91% to its current value. Analysts have been projecting $71.80 as a low price target for the stock while placing it at a high target of $127.30. It follows that stock’s current price would drop -1889.06% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1021.87% for stock’s current value.

Full Truck Alliance Co. Ltd. (YMM) estimates and forecasts

The company is estimating its revenue growth to increase by 101.80% in the current quarter and calculating 233.30% increase in the next quarter. This year revenue growth is estimated to rise 34.20% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $236.49 million for the same. And 1 analysts are in estimates of company making revenue of $256.49 million in the next quarter that will end on Sep 2022. Company posted $173.28 million and $191.93 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 36.50% while estimating it to be 33.60% for the next quarter.

YMM Dividends

Full Truck Alliance Co. Ltd. is more likely to be releasing its next quarterly report in October 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.

Full Truck Alliance Co. Ltd. (NYSE:YMM)’s Major holders

Insiders are in possession of 0.00% of company’s total shares while institution are holding 38.91 percent of that, with stock having share float percentage of 38.91%. Investors also watch the number of corporate investors in a company very closely, which is 38.91% institutions for Full Truck Alliance Co. Ltd. that are currently holding shares of the company. All-Stars Investment Ltd. is the top institutional holder at YMM for having 44.8 million shares of worth $405.85 million. And as of Jun 29, 2022, it was holding 4.50% of the company’s outstanding shares.

The second largest institutional holder is SC China Holding Ltd, which was holding about 36.51 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 3.67% of outstanding shares, having a total worth of $243.51 million.

On the other hand, KraneShares CSI China Internet ETF and Vanguard International Growth Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 29.33 million shares of worth $195.61 million or 2.95% of the total outstanding shares. The later fund manager was in possession of 12.23 million shares on Feb 27, 2022, making its stake of worth around $112.74 million in the company or a holder of 1.23% of company’s stock.

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