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Could HUYA Inc. (HUYA)’s Current Volatility Hinder Its Future Potential?

HUYA Inc. (NYSE:HUYA) has a beta value of 0.61 and has seen 2.08 million shares traded in the last trading session. The company, currently valued at $1.35B, closed the last trade at $5.74 per share which meant it gained $0.43 on the day or 8.10% during that session. The HUYA stock price is -22.65% off its 52-week high price of $7.04 and 71.43% above the 52-week low of $1.64. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.24 million shares traded. The 3-month trading volume is 2.79 million shares.

The consensus among analysts is that HUYA Inc. (HUYA) is a Hold stock at the moment, with a recommendation rating of 2.90. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 13 have rated it as a Hold, with 5 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.03.

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HUYA Inc. (NYSE:HUYA) trade information

Sporting 8.10% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the HUYA stock price touched $5.74 or saw a rise of 1.37%. Year-to-date, HUYA Inc. shares have moved 45.32%, while the 5-day performance has seen it change 6.89%. Over the past 30 days, the shares of HUYA Inc. (NYSE:HUYA) have changed 73.94%. Short interest in the company has seen 3.79 million shares shorted with days to cover at 4.03.

Wall Street analysts have a consensus price target for the stock at $26.10, which means that the shares’ value could jump 78.01% from current levels. The projected low price target is $11.69 while the price target rests at a high of $41.28. In that case, then, we find that the current price level is -619.16% off the targeted high while a plunge would see the stock gain -103.66% from current levels.

HUYA Inc. (HUYA) estimates and forecasts

Figures show that HUYA Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 67.84% over the past 6 months, with this year growth rate of -189.66%, compared to 3.60% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -125.00% and -126.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be -22.00%.

3 analysts offering their estimates for the company have set an average revenue estimate of $321.61 million for the current quarter. 3 have an estimated revenue figure of $313.16 million for the next quarter concluding in Dec 2022. Year-ago sales stood $467.4 million and $419.59 million respectively for this quarter and the next, and analysts expect sales will shrink by -31.20% for the current quarter and -25.40% 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 22.70% over the past 5 years. Earnings growth for 2023 is a modest -35.00% while over the next 5 years, the company’s earnings are expected to decrease by -6.29%.

HUYA Dividends

HUYA Inc. is expected to release its next earnings report between March 20 and March 24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

HUYA Inc. (NYSE:HUYA)’s Major holders

Insiders own 0.00% of the company shares, while shares held by institutions stand at 62.35% with a share float percentage of 62.35%. Investors are also buoyed by the number of investors in a company, with HUYA Inc. having a total of 137 institutions that hold shares in the company. The top two institutional holders are Morgan Stanley with over 15.12 million shares worth more than $58.68 million. As of Jun 29, 2022, Morgan Stanley held 17.03% of shares outstanding.

The other major institutional holder is Nuveen Asset Management, with the holding of over 6.93 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $26.89 million and represent 7.80% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are College Retirement Equities Fund-Stock Account and KraneShares CSI China Internet ETF. As of Jun 29, 2022, the former fund manager holds about 4.31% shares in the company for having 3.83 million shares of worth $14.87 million while later fund manager owns 3.4 million shares of worth $13.18 million as of Jun 29, 2022, which makes it owner of about 3.82% of company’s outstanding stock.

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