At the time of writing, JOYY Inc ADR [YY] stock is trading at $34.78, down -0.43%. An important factor to consider is whether the stock is rising or falling in short-term value. The YY shares have gain 4.48% over the last week, with a monthly amount glided 17.94%, and seem to be holding up well over a long-time horizon.
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On 19, March 2024, JOYY Reports Fourth Quarter and Full Year 2023 Financial Results: Third Consecutive Year of Profitability, Global MAU Resumes Growth. In a post published today on Yahoo Finance, JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global leading technology company, announced its unaudited financial results for the fourth quarter and full year of 2023.
From an analyst’s perspective:
JOYY Inc ADR [NASDAQ: YY] stock has seen the most recent analyst activity on March 25, 2024, when BofA Securities downgraded its rating to a Neutral. Previously, The Benchmark Company downgraded its rating to Hold on January 02, 2024. On June 01, 2022, downgrade downgraded it’s rating to Equal-Weight. JP Morgan upgraded its rating to a Neutral but stick to its price target of $40 on May 16, 2022. JP Morgan downgraded its rating to a Underweight but $25 remained the price target by the analyst firm on March 14, 2022. Goldman downgraded its rating to Sell for this stock on November 02, 2021, and downed its price target to $57.
For the past year, the stock price of JOYY Inc ADR fluctuated between $24.12 and $43.20. Currently, Wall Street analysts expect the stock to reach $70 within the next 12 months. JOYY Inc ADR [NASDAQ: YY] shares were valued at $34.78 at the most recent close of the market. An investor can expect a potential return of 101.27% based on the average YY price forecast.
Analyzing the YY fundamentals
According to JOYY Inc ADR [NASDAQ:YY], the company’s sales were 2.27B for trailing twelve months, which represents an -5.80% plunge. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.06 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
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 34.44 points at the first support level, and at 34.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.13, and for the 2nd resistance point, it is at 35.47.
JOYY Inc ADR [YY] reported earnings per share of $1.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.77/share, meaning a difference of $0.24 and a surprise factor of 31.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.22 per share as compared to estimates of $0.69 per share, a difference of $0.53 representing a surprise of 76.80%.
Ratios To Look Out For
It is important to note that JOYY Inc ADR [NASDAQ:YY] has a current ratio of 1.32. On the other hand, the Quick Ratio is 1.37, and the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 0.41 and price to earnings (TTM) ratio is 7.24.
