HUYA Inc ADR (HUYA) Holding Strong: What’s pushing it?

In yesterday’s Wall Street session, HUYA Inc ADR (NYSE:HUYA) shares traded at $3.88, up 1.31% from the previous session.

12 analysts cover HUYA Inc ADR (NYSE:HUYA), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $49.60 and a low of $16.77, we find $26.79. Given the previous closing price of $3.83, this indicates a potential upside of 599.48 percent. HUYA stock price is now 29.91% away from the 50-day moving average and 14.67% away from the 200-day moving average. The market capitalization of the company currently stands at $339.69M.

The stock has received a hold rating from 5 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $27.76 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 ADR (NYSE: HUYA).

A total of 0.20% of the company’s stock is owned by insiders.

On Thursday morning HUYA Inc ADR (NYSE: HUYA) stock kicked off with the opening price of $3.7100. During the past 12 months, HUYA Inc ADR has had a low of $2.01 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 5.16, and a quick ratio of 5.13. The fifty day moving average price for HUYA is $2.9866 and a two-hundred day moving average price translates $3.3837 for the stock.

The latest earnings results from HUYA Inc ADR (NYSE: HUYA) was released for Sep, 2023. According to the Entertainment Company, earnings per share came in at $0.06, beating analysts’ expectations of -$0.03 by 0.09. This compares to $0.04 EPS in the same period last year. The net profit margin was -5.83% and return on equity was -3.95% for HUYA. The company reported revenue of $225.85 million for the quarter, compared to $334.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -32.46 percent. For the current quarter, analysts expect HUYA to generate $206.89M in revenue.

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