The price of Yalla Group Limited (NYSE:YALA) shares last traded on Wall Street rose 0.98% to $5.17.
Based on available information, 2 analysts follow Yalla Group Limited (NYSE:YALA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $5.50, we find $6.25. Given the previous closing price of $5.12, this indicates a potential upside of 22.07 percent. YALA stock price is now 4.21% away from the 50-day moving average and 20.42% away from the 200-day moving average. The market capitalization of the company currently stands at $673.29M.
Among analysts, 1 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $6.25 as their price target over the next twelve months.
With the price target maintained at $28, Oppenheimer recently Upgraded its rating from Perform to Outperform for Yalla Group Limited (NYSE: YALA).
A total of 31.28% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in YALA stock. A new stake in Yalla Group Limited shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $543,000. D. E. SHAW & CO., INC. invested $515,000 in shares of YALA during the first quarter. In the first quarter, CITADEL ADVISORS LLC acquired a new stake in Yalla Group Limited valued at approximately $200,000. VIRTU FINANCIAL LLC acquired a new stake in YALA for approximately $145,000. RHUMBLINE ADVISERS purchased a new stake in YALA valued at around $136,000 in the second quarter. In total, there are 38 active investors with 27.10% ownership of the company’s stock.
A candlestick chart of Yalla Group Limited (NYSE: YALA) showed a price of $5.13 on Friday morning. During the past 12 months, Yalla Group Limited has had a low of $3.00 and a high of $5.77. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 7.70, and a quick ratio of 7.70. The fifty day moving average price for YALA is $4.98 and a two-hundred day moving average price translates $4.30 for the stock.
The latest earnings results from Yalla Group Limited (NYSE: YALA) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at $0.15, beating analysts’ expectations of $0.14 by 0.01. This compares to $0.12 EPS in the same period last year. The net profit margin was 29.70% and return on equity was 20.00% for YALA. The company reported revenue of $79.25 million for the quarter, compared to $76.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.15 percent. For the current quarter, analysts expect YALA to generate $76.09M in revenue.
Yalla Group Limited(YALA) Company Profile
Yalla Group Limited operates a social networking and entertainment platform primarily in the Middle East and North Africa region. It provides mobile applications, including Yalla, a voice-centric group chat platform; and Yalla Ludo, a casual gaming application. The company’s platform offers group chatting and games services; and sells virtual items, as well as provides upgrade services. The company was formerly known as FYXTech Corporation. Yalla Group Limited was founded in 2016 and is headquartered in Dubai, the United Arab Emirates.
