Full Truck Alliance Co. Ltd. (NYSE:YMM) shares traded -1.57% lower at $5.65 on Wall Street last session.
In accordance with the data, 10 analysts cover Full Truck Alliance Co. Ltd. (NYSE:YMM). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $106.16 and a low of $56.24, we find $78.74. Given the previous closing price of $5.74, this indicates a potential upside of 1271.78 percent. YMM stock price is now -15.85% away from the 50-day moving average and -21.25% away from the 200-day moving average. The market capitalization of the company currently stands at $6.08B.
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It has been rated a hold by 1 analysts and a buy by 8. Brokers who have rated the stock have averaged $80.72 as their price target over the next twelve months.
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A total of 0.06% of the company’s stock is owned by insiders.
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 EXODUSPOINT CAPITAL MANAGEMENT, LP during the first quarter worth $16,483,000. SOFTBANK GROUP CORP. invested $13,712,000 in shares of YMM during the first quarter. In the first quarter, HIDDEN LAKE ASSET MANAGEMENT LP acquired a new stake in Full Truck Alliance Co. Ltd. valued at approximately $10,455,000. TB ALTERNATIVE ASSETS LTD. acquired a new stake in YMM for approximately $6,470,000. IVYROCK ASSET MANAGEMENT (HK) LTD purchased a new stake in YMM valued at around $3,746,000 in the second quarter. In total, there are 196 active investors with 44.20% ownership of the company’s stock.
Full Truck Alliance Co. Ltd. (NYSE: YMM) opened at $5.78 on Wednesday. During the past 12 months, Full Truck Alliance Co. Ltd. has had a low of $4.58 and a high of $10.18. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 11.30, and a quick ratio of 11.30. The fifty day moving average price for YMM is $6.68 and a two-hundred day moving average price translates $7.16 for the stock.
The latest earnings results from Full Truck Alliance Co. Ltd. (NYSE: YMM) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at $0.07, beating analysts’ expectations of $0.05 by 0.02. This compares to -$0.03 EPS in the same period last year. The net profit margin was 6.00% and return on equity was 1.20% for YMM. The company reported revenue of $262.51 million for the quarter, compared to $192.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.22 percent. For the current quarter, analysts expect YMM to generate $283.85M 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, software solutions, 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.
