Full Truck Alliance Co Ltd ADR (NYSE:YMM) -4.07% Down Over Last Week, What Happens Next?

In last trading session, Full Truck Alliance Co Ltd ADR (NYSE:YMM) saw 5.5 million shares changing hands with its beta currently measuring 0.20. Company’s recent per share price level of $7.07 trading at -$0.1 or -1.39% at ring of the bell on the day assigns it a market valuation of $6.75B. That closing price of YMM’s stock is at a discount of -36.92% from its 52-week high price of $9.68 and is indicating a premium of 19.38% from its 52-week low price of $5.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.48 million shares which gives us an average trading volume of 7.42 million if we extend that period to 3-months.

For Full Truck Alliance Co Ltd ADR (YMM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.15. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.14 in the current quarter.

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

Upright in the red during last session for losing -1.39%, in the last five days YMM remained trading in the red while hitting it’s week-highest on Wednesday, 08/28/24 when the stock touched $7.07 price level, adding 3.68% to its value on the day. Full Truck Alliance Co Ltd ADR’s shares saw a change of 0.86% in year-to-date performance and have moved -4.07% in past 5-day. Full Truck Alliance Co Ltd ADR (NYSE:YMM) showed a performance of 0.86% in past 30-days. Number of shares sold short was 35.5 million shares which calculate 5.53 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 10.39 to the stock, which implies a rise of 31.95% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 12. It follows that stock’s current price would drop -27.3% in reaching the projected high whereas dropping to the targeted low would mean a loss of -27.3% for stock’s current value.

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

Statistics highlight that Full Truck Alliance Co Ltd ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 7.61% of value to its shares in past 6 months, showing an annual growth rate of 29.73% while that of industry is 17.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 24.60% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 388.56M for the same. And 3 analysts are in estimates of company making revenue of 384.85M in the next quarter. Company posted 310.3M and 339.15M of sales in current and next quarters respectively a year earlier.

In 2024, company’s earnings growth rate is likely to be around 60.54% while estimates for its earnings growth in next 5 years are of 30.10%.

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

JPMORGAN CHASE & CO is the top institutional holder at YMM for having 32.52 million shares of worth $261.49 million. And as of 2024-06-30, it was holding 3.1177 of the company’s outstanding shares.

The second largest institutional holder is ALL-STARS INVESTMENT LTD, which was holding about 31.32 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.0023 of outstanding shares, having a total worth of $251.81 million.