Full Truck Alliance Co Ltd ADR (NYSE: YMM) Must Gain 4.72% To Achieve Consensus Price Target

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Full Truck Alliance Co Ltd ADR (NYSE:YMM) has a beta value of 0.27 and has seen 2.34 million shares traded in the recent trading session. The company, currently valued at $9.29B, closed the recent trade at $9.90 per share which meant it lost -$0.05 on the day or -0.54% during that session. The YMM stock price is -3.94% off its 52-week high price of $10.29 and 42.42% above the 52-week low of $5.70. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.66 million shares traded. The 3-month trading volume is 10.38 million shares.

The consensus among analysts is that Full Truck Alliance Co Ltd ADR (YMM) is Buy stock at the moment, with a recommendation rating of 1.15. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.95.

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

Sporting -0.54% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the YMM stock price touched $9.90 or saw a rise of 1.59%. Year-to-date, Full Truck Alliance Co Ltd ADR shares have moved 41.17%, while the 5-day performance has seen it change 0.57%. Over the past 30 days, the shares of Full Truck Alliance Co Ltd ADR (NYSE:YMM) have changed 8.39%. Short interest in the company has seen 35.51 million shares shorted with days to cover at 3.04.

Wall Street analysts have a consensus price target for the stock at $10.39, which means that the shares’ value could jump 4.72% from the levels at last check today. The projected low price target is $9.0 while the price target rests at a high of $12.0. In that case, then, we find that the latest price level in today’s session is -21.21% off the targeted high while a plunge would see the stock lose 9.09% from the levels at last check today.

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

Figures show that Full Truck Alliance Co Ltd ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 9.84% over the past 6 months, with this year growth rate of 32.43%, compared to 18.20% for the industry. Revenue growth from the last financial year stood is estimated to be 30.66%.

4 analysts offering their estimates for the company have set an average revenue estimate of 2.98B for the current quarter.

Earnings growth for 2024 is a modest 68.98% while over the next 5 years, the company’s earnings are expected to increase by 30.10%.

YMM Dividends

Full Truck Alliance Co Ltd ADR is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.14 at a share yield of 1.46%. The company’s dividend yield has gone up over the past 12 months.

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

The top two institutional holders are JPMORGAN CHASE & CO with over 32.52 million shares worth more than $261.49 million. As of 2024-06-30, JPMORGAN CHASE & CO held 3.1177% of shares outstanding.

The other major institutional holder is ALL-STARS INVESTMENT LTD, with the holding of over 31.32 million shares as of 2024-06-30. The firm’s total holdings are worth over $251.81 million and represent 3.0023% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are KraneShares CSI China Internet ETF and Vanguard International Growth Fund. As of Jun 30, 2024, the former fund manager holds about 2.73% shares in the company for having 25.42 shares of worth $250.63 million while later fund manager owns 12.23 shares of worth $120.57 million as of Aug 31, 2024, which makes it owner of about 1.31% of company’s outstanding stock.