Stocks of HUYA Inc. (NYSE:HUYA) traded higher last session on Wall Street, up 6.53% to $2.61.
According to the data, HUYA Inc. (NYSE:HUYA) has 12 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $45.90 and a low of $16.81, we find $21.86. Given the previous closing price of $2.45, this indicates a potential upside of 792.24 percent. HUYA stock price is now -18.68% away from the 50-day moving average and -27.37% away from the 200-day moving average. The market capitalization of the company currently stands at $670.40M.
A total of 5 analysts have issued a hold rating and 4 have given it a buy rating. Brokers who have rated the stock have averaged $25.11 as their price target over the next twelve months.
With the price target enhanced from $2.30 to $3, JP Morgan Upgraded its rating from Underweight to Neutral for HUYA Inc. (NYSE: HUYA).
A total of 0.77% of the company’s stock is owned by insiders.
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 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND during the first quarter worth $3,800,000. CANADA PENSION PLAN INVESTMENT BOARD invested $1,543,000 in shares of HUYA during the first quarter. In the first quarter, WELLINGTON MANAGEMENT GROUP LLP acquired a new stake in HUYA Inc. valued at approximately $802,000. NEW YORK STATE COMMON RETIREMENT FUND acquired a new stake in HUYA for approximately $177,000. ETF MANAGERS GROUP, LLC purchased a new stake in HUYA valued at around $166,000 in the second quarter. In total, there are 128 active investors with 60.90% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $2.5100 for HUYA Inc. (NYSE: HUYA). 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 5.10, and a quick ratio of 5.10. The fifty day moving average price for HUYA is $3.1958 and a two-hundred day moving average price translates $3.5959 for the stock.
The latest earnings results from HUYA Inc. (NYSE: HUYA) was released for Jun, 2023. According to the Entertainment Company, earnings per share came in at $0.06, beating analysts’ expectations of $0.02 by 0.04. This compares to -$0.01 EPS in the same period last year. The net profit margin was -4.80% and return on equity was -3.60% for HUYA. The company reported revenue of $251.19 million for the quarter, compared to $339.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.05 percent. For the current quarter, analysts expect HUYA to generate $212.29M 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.
