Tuya Inc ADR (NYSE: TUYA) Could Post Excellent Profits?

In today’s recent session, 1.07 million shares of the Tuya Inc ADR (NYSE:TUYA) have been traded, and its beta is 0.34. Most recently the company’s share price was $1.83, and it changed around -$0.01 or -0.54% from the last close, which brings the market valuation of the company to $896.06M. TUYA at last check was trading at a discount to its 52-week high of $2.39, offering almost -30.6% off that amount. The share price’s 52-week low was $1.28, which indicates that the recent value has risen by an impressive 30.05% since then. We note from Tuya Inc ADR’s average daily trading volume that its 10-day average is 1.57 million shares, with the 3-month average coming to 903.45K.

Tuya Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended TUYA as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Tuya Inc ADR is expected to report earnings per share of 0.02 for the current quarter.

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Tuya Inc ADR (NYSE:TUYA) trade information

Instantly TUYA has been showing red trend so far today with a performance of -0.54% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.9400 on recent trading dayincreased the stock’s daily price by 5.67%. The company’s shares are currently down -16.89% year-to-date, but still up 10.91% over the last five days. On the other hand, Tuya Inc ADR (NYSE:TUYA) is 36.54% up in the 30-day period. We can see from the shorts that 1.52 million shares have been sold at a short interest cover period of 1.95 day(s).

The consensus price target as assigned by Wall Street analysts is $3.5, which translates to bulls needing to increase their stock price by 47.71% from its current value. Analyst projections state that TUYA is forecast to be at a low of $3.5 and a high of $3.5.

Tuya Inc ADR (TUYA) estimates and forecasts

Tuya Inc 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 8.00 percent over the past six months and at a 300.00% annual growth rate that is well above the industry average of 18.70%. The year-over-year growth rate is expected to be 23.10%, up from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 75.49M in revenue for the current quarter. 2 analysts expect Tuya Inc ADR to make 74.14M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 57.16M and 64.41M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 32.10%. Forecasts for the next quarter put sales growth at 15.10%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.71%. Tuya Inc ADR earnings are expected to increase by 66.67% in 2024, but the outlook is negative -1.30% per year for the next five years.

TUYA Dividends

Tuya Inc ADR’s next quarterly earnings report is expected to be released on 2024-Nov-26.

Tuya Inc ADR (NYSE:TUYA)’s Major holders

CARMIGNAC GESTION, with 1.0804% or 6.04 million shares worth $10.33 million as of 2024-06-30, holds the second largest percentage of outstanding shares.