The stock of Full Truck Alliance Co. Ltd. (NYSE:YMM) last traded at $6.95, up 13.19% from the previous session.
Data from the available sources indicates that Full Truck Alliance Co. Ltd. (NYSE:YMM) is covered by 6 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $132.72 and a low of $73.69, we find $81.92. Given the previous closing price of $6.14, this indicates a potential upside of 1234.2 percent. YMM stock price is now 13.81% away from the 50-day moving average and -2.44% away from the 200-day moving average. The market capitalization of the company currently stands at $8.02B.
In total, 0 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $88.54 as their price target over the next twelve months.
With the price target of $12, Credit Suisse recently initiated with Outperform rating for Full Truck Alliance Co. Ltd. (NYSE: YMM). On August 26, 2021, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $19.50, while ‘Goldman’ rates the stock as ‘Buy’.
There have been several recent changes in the stakes of large investors in YMM stock. A new stake in Full Truck Alliance Co. Ltd. shares was purchased by RWC ASSET ADVISORS (US) LLC during the first quarter worth $54,737,000. SB INVESTMENT ADVISERS (UK) LTD invested $30,149,000 in shares of YMM during the first quarter. In the first quarter, RWC ASSET MANAGEMENT LLP acquired a new stake in Full Truck Alliance Co. Ltd. valued at approximately $17,991,000. NOMURA HOLDINGS INC acquired a new stake in YMM for approximately $8,575,000. PRICE T ROWE ASSOCIATES INC /MD/ purchased a new stake in YMM valued at around $7,273,000 in the second quarter. In total, there are 164 active investors with 44.30% ownership of the company’s stock.
With an opening price of $6.69 on Wednesday morning, Full Truck Alliance Co. Ltd. (NYSE: YMM) set off the trading day. During the past 12 months, Full Truck Alliance Co. Ltd. has had a low of $4.12 and a high of $13.40. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 11.90, and a quick ratio of 11.90. The fifty day moving average price for YMM is $6.10 and a two-hundred day moving average price translates $7.12 for the stock.
The latest earnings results from Full Truck Alliance Co. Ltd. (NYSE: YMM) was released for Jun, 2022. The net profit margin was -29.60% and return on equity was -5.30% for YMM. For the current quarter, analysts expect YMM to generate $233.17M in revenue.
Full Truck Alliance Co. Ltd.(YMM) Company Profile
Full Truck Alliance Co. Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People’s Republic of China. The company offers freight listing, matching, and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, electronic toll collection, and energy services. It also provides technology development and other services. The company was founded in 2011 and is based in Guiyang, China.