In yesterday’s Wall Street session, HUYA Inc. (NYSE:HUYA) shares traded at $6.24, up 13.45% from the previous session.
13 analysts cover HUYA Inc. (NYSE:HUYA), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $46.62 and a low of $11.69, we find $25.49. Given the previous closing price of $5.50, this indicates a potential upside of 363.45 percent. HUYA stock price is now 60.43% away from the 50-day moving average and 82.01% away from the 200-day moving average. The market capitalization of the company currently stands at $1.56B.
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The stock has received a hold rating from 5 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $28.41 as their price target over the next twelve months.
With the price target reduced from $4.30 to $4.20, China Renaissance Upgraded its rating from Hold to Buy for HUYA Inc. (NYSE: HUYA). On November 16, 2022, Daiwa Securities Upgraded its previous ‘Outperform’ rating to ‘Buy’ on the stock reducing its target price from $4 to quote $3.60, while ‘UBS’ rates the stock as ‘Neutral’.
There have been several recent changes in the stakes of large investors in HUYA stock. A new stake in HUYA Inc. shares was purchased by VIRTU FINANCIAL LLC during the first quarter worth $245,000. FLOW TRADERS U.S. LLC invested $157,000 in shares of HUYA during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in HUYA Inc. valued at approximately $127,000. MERCER GLOBAL ADVISORS INC /ADV acquired a new stake in HUYA for approximately $122,000. MARINER, LLC purchased a new stake in HUYA valued at around $113,000 in the second quarter. In total, there are 137 active investors with 60.90% ownership of the company’s stock.
On Wednesday morning HUYA Inc. (NYSE: HUYA) stock kicked off with the opening price of $5.74. During the past 12 months, HUYA Inc. has had a low of $1.64 and a high of $6.94. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.30, and a quick ratio of 5.30. The fifty day moving average price for HUYA is $3.89 and a two-hundred day moving average price translates $3.43 for the stock.
The latest earnings results from HUYA Inc. (NYSE: HUYA) was released for Jun, 2022. According to the Entertainment Company, earnings per share came in at $0, beating analysts’ expectations of -$0.03 by 0.03. This compares to $0.34 EPS in the same period last year. The net profit margin was 0.30% and return on equity was 0.30% for HUYA. The company reported revenue of $334.37 million for the quarter, compared to $461.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -27.59 percent. For the current quarter, analysts expect HUYA to generate $321.61M in revenue.
HUYA Inc.(HUYA) Company Profile
HUYA Inc., through its subsidiaries, operates game live streaming platforms in the People’s Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company’s live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, online theatre, and other genres. In addition, it operates Nimo TV, a game live streaming platform in international markets. Further, the company provides online advertising, software development, internet value added, and cultural and creative services. The company was founded in 2014 and is headquartered in Guangzhou, China. HUYA Inc. is a subsidiary of Tencent Holdings Limited.
