Full Truck Alliance Co Ltd ADR (NYSE: YMM): A Competitive Analysis And Growth Prospects

In the last trading session, 5.8 million shares of the Full Truck Alliance Co Ltd ADR (NYSE:YMM) were traded, and its beta was 0.23. Most recently the company’s share price was $8.78, and it changed around -$0.03 or -0.34% from the last close, which brings the market valuation of the company to $8.24B. YMM currently trades at a discount to its 52-week high of $9.01, offering almost -2.62% off that amount. The share price’s 52-week low was $5.41, which indicates that the current value has risen by an impressive 38.38% since then. We note from Full Truck Alliance Co Ltd ADR’s average daily trading volume that its 3-month average coming to 8.33 million.

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

Instantly YMM has showed a red trend with a performance of -0.34% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 25.25% year-to-date, but still up 1.27% over the last five days. On the other hand, Full Truck Alliance Co Ltd ADR (NYSE:YMM) is 13.29% up in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $9.93, which translates to bulls needing to increase their stock price by 11.58% from its current value. Analyst projections state that YMM is forecast to be at a low of $9 and a high of $11.

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

Full Truck Alliance Co Ltd ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 26.33 percent over the past six months and at a 21.62% annual growth rate that is well above the industry average of 21.10%. The year-over-year growth rate is expected to be 24.50%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $312.31 million in revenue for the current quarter. 3 analysts expect Full Truck Alliance Co Ltd ADR to make $386.24 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $247.87 million and $284.37 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 26.00%. Forecasts for the next quarter put sales growth at 35.80%.

Full Truck Alliance Co Ltd ADR earnings are expected to increase by 54.20% in 2024, but the outlook is positive 35.90% per year for the next five years.

YMM Dividends

Full Truck Alliance Co Ltd ADR’s next quarterly earnings report is expected to be released in June. The annual dividend yield of the stock is 1.64 percent and its annual dividend per share was 0.14. It is important to note, however, that the 1.64% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.