Tuya Inc ADR [TUYA] stock is trading at $1.95, up 9.55%. An important factor to consider is whether the stock is rising or falling in short-term value. The TUYA shares have gain 17.47% over the last week, with a monthly amount glided 3.17%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, Tuya Reports Fourth Quarter 2023 Unaudited Financial Results. In a post published today on Yahoo Finance, Tuya Inc. (“Tuya” or the “Company”) (NYSE: TUYA; HKEX: 2391), a global leading IoT cloud development platform, today announced its unaudited financial results for the fourth quarter ended December 31, 2023.
From an analyst’s perspective:
Tuya Inc ADR [NYSE: TUYA] stock has seen the most recent analyst activity on January 08, 2024, when Goldman upgraded its rating to a Buy. Previously, Morgan Stanley upgraded its rating to Overweight on November 29, 2023. On February 22, 2022, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $7.20 on the stock. BofA Securities upgraded its rating to a Buy and decreased its price target to $22 on May 14, 2021. BofA Securities initiated its recommendation with a Neutral and recommended $25 as its price target on April 13, 2021. Morgan Stanley started tracking with a Overweight rating for this stock on April 12, 2021, and assigned it a price target of $26.
Tuya Inc ADR [TUYA] stock has fluctuated between $1.23 and $2.50 over the past year. Tuya Inc ADR [NYSE: TUYA] shares were valued at $1.95 at the most recent close of the market.
Analyzing the TUYA fundamentals
Tuya Inc ADR [NYSE:TUYA] reported sales of 210.87M for the trailing twelve months, which represents a growth of 35.71%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.8267 points at the first support level, and at 1.7033 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.0367, and for the 2nd resistance point, it is at 2.1233.
Tuya Inc ADR [TUYA] reported earnings per share of $0.02 for its fiscal quarter that ended on 9/29/2023. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0 per share as compared to estimates of -$0.01 per share, a difference of $0.01 representing a surprise of 100.00%.
Ratios To Look Out For
For context, Tuya Inc ADR’s Current Ratio is 10.63. On the other hand, the Quick Ratio is 10.22, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 4.38, the price to book ratio is 0.96.
