A share price of JOYY Inc ADR [YY] is currently trading at $32.91, up 4.31%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The YY shares have gain 3.13% over the last week, with a monthly amount drifted -2.66%, and not seem to be holding up well over a long-time horizon.
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On 7, March 2024, JOYY to Announce Fourth Quarter and Full Year 2023 Financial Results on March 18, 2024. In a post published today on Yahoo Finance, JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY Inc.), a global technology company, today announced that it plans to release its fourth quarter and full year 2023 financial results after the U.S. market closes on March 18, 2024.
From an analyst’s perspective:
JOYY Inc ADR [NASDAQ: YY] stock has seen the most recent analyst activity on January 02, 2024, when The Benchmark Company downgraded its rating to a Hold. Previously, Morgan Stanley downgraded its rating to Equal-Weight on June 01, 2022. On May 16, 2022, upgrade upgraded it’s rating to Neutral but maintained its price target of $40 on the stock. JP Morgan downgraded its rating to a Underweight but stick to its price target of $25 on March 14, 2022. Goldman downgraded its rating to a Sell and reduced its price target to $57 on November 02, 2021. In a note dated July 10, 2020, JP Morgan reiterated an Overweight rating on this stock and boosted its target price from $75 to $125.
JOYY Inc ADR experienced fluctuations in its stock price throughout the past year between $24.12 and $43.20. Currently, Wall Street analysts expect the stock to reach $103 within the next 12 months. JOYY Inc ADR [NASDAQ: YY] shares were valued at $32.91 at the most recent close of the market. An investor can expect a potential return of 212.97% based on the average YY price forecast.
Analyzing the YY fundamentals
Trailing Twelve Months sales for JOYY Inc ADR [NASDAQ:YY] were 2.30B which represents -3.35% decline. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
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 31.76 points at the first support level, and at 30.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.58, and for the 2nd resistance point, it is at 34.24.
JOYY Inc ADR [YY] reported earnings per share of $1.22 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.69/share, meaning a difference of $0.53 and a surprise factor of 76.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $1.29 per share as compared to estimates of $0.4 per share, a difference of $0.89 representing a surprise of 222.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for JOYY Inc ADR [NASDAQ:YY] is 1.37. Further, the Quick Ratio stands at 1.37, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 0.40.
