What Will HUYA Inc ADR (NYSE: HUYA) Be Like After It Jumps -4.48% From Its Highs?

During the last session, HUYA Inc ADR (NYSE:HUYA)’s traded shares were 2.33 million, with the beta value of the company hitting 0.61. At the end of the trading day, the stock’s price was $4.69, reflecting an intraday gain of 2.63% or $0.12. The 52-week high for the HUYA share is $4.90, that puts it down -4.48 from that peak though still a striking 54.16% gain since the share price plummeted to a 52-week low of $2.15. The company’s market capitalization is $387.86M, and the average intraday trading volume over the past 10 days was 1.56 million shares, and the average trade volume was 1.53 million shares over the past three months.

HUYA Inc ADR (NYSE:HUYA) trade information

HUYA Inc ADR (HUYA) registered a 2.63% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.63% in intraday trading to $4.69, hitting a weekly high. The stock’s 5-day price performance is 7.08%, and it has moved by 22.45% in 30 days. Based on these gigs, the overall price performance for the year is 29.92%. The short interest in HUYA Inc ADR (NYSE:HUYA) is 2.35 million shares and it means that shorts have 1.69 day(s) to cover.

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HUYA Inc ADR (HUYA) estimates and forecasts

Statistics show that HUYA Inc ADR has outperformed its competitors in share price, compared to the industry in which it operates. HUYA Inc ADR (HUYA) shares have gone up 66.31% during the last six months, with a year-to-date growth rate more than the industry average at 114.29% against 17.20. In the rating firms’ projections, revenue will decrease -3.90% compared to the previous financial year.

Revenue for the current quarter is expected to be $206.51 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $221.62 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $272.92 million and $249.43 million respectively. In this case, analysts expect current quarter sales to shrink by -24.30% and then drop by -11.10% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 44.57%. While earnings are projected to return 195.08% in 2024, the next five years will return -6.68% per annum.

HUYA Dividends

HUYA Inc ADR is due to release its next quarterly earnings on March 19. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

HUYA Inc ADR (NYSE:HUYA)’s Major holders

HUYA Inc ADR insiders own 0.83% of total outstanding shares while institutional holders control 59.37%, with the float percentage being 59.86%. Morgan Stanley is the largest shareholder of the company, while 129 institutions own stock in it. As of Jun 29, 2023, the company held over 10.9 million shares (or 12.07% of all shares), a total value of $39.01 million in shares.

The next largest institutional holding, with 9.75 million shares, is of Nuveen Asset Management, LLC’s that is approximately 10.80% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $34.92 million.

Also, the Mutual Funds coming in first place with the largest holdings of HUYA Inc ADR (HUYA) shares are College Retirement Equities Fund-Stock Account and TIAA-CREF Funds-Emerging Markets Equity Fund. Data provided on Jun 29, 2023 indicates that College Retirement Equities Fund-Stock Account owns about 5.91 million shares. This amounts to just over 6.54 percent of the company’s overall shares, with a $21.15 million market value. The same data shows that the other fund manager holds slightly less at 3.78 million, or about 4.19% of the stock, which is worth about $12.97 million.