Are JOYY Inc ADR (YY) stocks a prudent buy?

JOYY Inc ADR [YY] stock is trading at $35.81, up 6.23%. An important factor to consider is whether the stock is rising or falling in short-term value. The YY shares have gain 5.32% over the last week, with a monthly amount glided 5.26%, and seem to be holding up well over a long-time horizon.

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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.

JOYY Inc ADR [YY] stock has fluctuated between $27.88 and $43.20 over the past year. Currently, Wall Street analysts expect the stock to reach $56.33 within the next 12 months. JOYY Inc ADR [NASDAQ: YY] shares were valued at $35.81 at the most recent close of the market. An investor can expect a potential return of 57.3% based on the average YY price forecast.

Analyzing the YY fundamentals

JOYY Inc ADR [NASDAQ:YY] reported sales of 2.27B for the trailing twelve months, which represents a growth of 3.25%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.04 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 0.02.

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 34.28 points at the first support level, and at 32.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.78, and for the 2nd resistance point, it is at 37.74.

Ratios To Look Out For

For context, JOYY Inc ADR’s Current Ratio is 1.35. On the other hand, the Quick Ratio is 1.35, and the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 0.40 and price to earnings (TTM) ratio is 8.99.

Transactions by insiders

Recent insider trading involved Morningside China TMT Special, Director, that happened on Sep 05 ’24 when 0.14 million shares were purchased. Director, Morningside China TMT Fund III completed a deal on Sep 05 ’24 to buy 13899.0 shares.

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