Are Full Truck Alliance Co Ltd ADR (NYSE: YMM) Shares Ready For A Price Rise?

In the latest trading session, 2.02 million Full Truck Alliance Co Ltd ADR (NYSE:YMM) shares changed hands as the company’s beta touched 0.23. With the company’s most recent per share price at $8.62 changed hands at -$0.14 or -1.64% at last look, the market valuation stands at $8.09B. YMM’s current price is a discount, trading about -4.52% off its 52-week high of $9.01. The share price had its 52-week low at $5.41, which suggests the last value was 37.24% up since then. When we look at Full Truck Alliance Co Ltd ADR’s average trading volume, we note the 3-month average coming to 8.22 million.

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

Instantly YMM was in red as seen in intraday trades today. With action 0.07%, the performance over the past five days has been green. The drop to weekly highs of 8.99 subtracted -1.64% to the stock’s daily price. The company’s shares are showing year-to-date upside of 22.92%, with the 5-day performance at 0.07% in the green. However, in the 30-day time frame, Full Truck Alliance Co Ltd ADR (NYSE:YMM) is 12.93% up.

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

Data shows that the Full Truck Alliance Co Ltd ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 19.84% over the past 6 months, a 21.62% in annual growth rate that is considerably higher than the industry average of 20.30%. Year-over-year growth is forecast to reach 24.50% 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 312.35M. 3 analysts are of the opinion that Full Truck Alliance Co Ltd ADR’s revenue for the current quarter will be 386.28M. The company’s revenue for the corresponding quarters a year ago was 247.87M and 284.37M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 26.00%. The estimates for the next quarter sales put growth at 35.80%.

The 2024 estimates are for Full Truck Alliance Co Ltd ADR earnings to increase by 52.59%, but the outlook for the next 5-year period is at 35.90% per year.

YMM Dividends

Full Truck Alliance Co Ltd ADR is expected to release its next quarterly earnings report in June. The 1.68% annual yield figure for the share gives it an annual dividend of 0.14. It is important to note, however, that the 1.68% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.