In yesterday’s Wall Street session, HUYA Inc. (NYSE:HUYA) shares traded at $3.55, up 2.60% from the previous session.
HUYA stock price is now 5.68% away from the 50-day moving average and 2.40% away from the 200-day moving average. The market capitalization of the company currently stands at $832.23M.
With the price target enhanced from $2.30 to $3, JP Morgan Upgraded its rating from Underweight to Neutral for HUYA Inc. (NYSE: HUYA).
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 ACADIAN ASSET MANAGEMENT LLC during the first quarter worth $1,160,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. invested $498,000 in shares of HUYA during the first quarter. In the first quarter, AMERICAN CENTURY COMPANIES INC acquired a new stake in HUYA Inc. valued at approximately $381,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in HUYA for approximately $362,000. CUBIST SYSTEMATIC STRATEGIES, LLC purchased a new stake in HUYA valued at around $328,000 in the second quarter. In total, there are 119 active investors with 60.90% ownership of the company’s stock.
During the past 12 months, HUYA Inc. has had a low of $1.64 and a high of $6.49. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.70, and a quick ratio of 5.70. The fifty day moving average price for HUYA is $3.3652 and a two-hundred day moving average price translates $3.4711 for the stock.
The latest earnings results from HUYA Inc. (NYSE: HUYA) was released for Mar, 2023. According to the Entertainment Company, earnings per share came in at $0.05, beating analysts’ expectations of $0 by 0.05. This compares to $0.00 EPS in the same period last year. The net profit margin was -5.00% and return on equity was -4.00% for HUYA. The company reported revenue of $283.83 million for the quarter, compared to $388.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.99 percent. For the current quarter, analysts expect HUYA to generate $270.09M in revenue.
HUYA Inc.(HUYA) Company Profile
HUYA Inc., together with 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, and other genres. In addition, it operates Nimo TV, a game live streaming platform in international markets. Further, the company provides online advertising, cnt, 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.
