The stock of Full Truck Alliance Co. Ltd. (NYSE:YMM) last traded at $6.28, down -3.24% from the previous session.
Data from the available sources indicates that Full Truck Alliance Co. Ltd. (NYSE:YMM) is covered by 11 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $108.91 and a low of $56.24, we find $77.44. Given the previous closing price of $6.49, this indicates a potential upside of 1093.22 percent. YMM stock price is now -7.85% away from the 50-day moving average and -12.26% away from the 200-day moving average. The market capitalization of the company currently stands at $6.98B.
In total, 1 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $78.73 as their price target over the next twelve months.
With the price target of $9, Morgan Stanley recently initiated with Overweight rating for Full Truck Alliance Co. Ltd. (NYSE: YMM).
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 INVESCO LTD. during the first quarter worth $115,528,000. ANGLEPOINT ASSET MANAGEMENT LTD invested $2,506,000 in shares of YMM during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Full Truck Alliance Co. Ltd. valued at approximately $1,775,000. HAO ADVISORS MANAGEMENT LTD acquired a new stake in YMM for approximately $1,256,000. GEODE CAPITAL MANAGEMENT, LLC purchased a new stake in YMM valued at around $580,000 in the second quarter. In total, there are 203 active investors with 44.20% ownership of the company’s stock.
With an opening price of $6.37 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 $4.58 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 12.10, and a quick ratio of 12.10. According to the stock market information, the enterprise value for the company is $3.41B, which is based on a 47.94 price-to-earnings ratio, a 1.68 price-to-earnings-growth ratio, and a beta of 0.26. The fifty day moving average price for YMM is $6.82 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 14.20% and return on equity was 3.00% for YMM. The company reported revenue of $247.87 million for the quarter, compared to $210.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.92 percent. For the current quarter, analysts expect YMM to generate $275.2M 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.
