It is Poised to be a Bull Market for HUYA Inc. (HUYA)

HUYA Inc. (NYSE: HUYA) stock jumped 8.10% on Monday to $5.74 against a previous-day closing price of $5.31. With 2.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.79 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $5.82 whereas the lowest price it dropped to was $5.31. The 52-week range on HUYA shows that it touched its highest point at $7.04 and its lowest point at $1.64 during that stretch. It currently has a 1-year price target of $4.42. Beta for the stock currently stands at 0.61.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HUYA was up-trending over the past week, with a rise of 6.89%, but this was up by 73.94% over a month. Three-month performance surged to 206.95% while six-month performance rose 67.84%. The stock lost -17.88% in the past year, while it has gained 45.32% so far this year. A look at the trailing 12-month EPS for HUYA yields -0.17 with Next year EPS estimates of -0.08. For the next quarter, that number is -0.35. This implies an EPS growth rate of -35.00% for this year and 63.60% for next year. EPS is expected to decline by -6.29% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.70%.

Float and Shares Shorts:

At present, 242.07 million HUYA shares are outstanding with a float of 88.83 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.79 million, which was 1.58% higher than short shares on Sep 14, 2022. In addition to Mr. Rongjie Dong as the firm’s CEO & Director, Ms. Ashley Xin Wu serves as its VP of Fin.

Institutional Ownership:

Through their ownership of 62.35% of HUYA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 38.92% of HUYA, in contrast to 22.80% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in HUYA with 14.00% of the stake, Morgan Stanley Investment Managem holds 12,208,285 shares worth 12,208,285. A second-largest stockholder of HUYA, UBS Securities LLC, holds 6,095,429 shares, controlling over 6.99% of the firm’s shares. TIAA-CREF Investment Management L is the third largest shareholder in HUYA, holding 4,130,601 shares or 4.74% stake. With a 14.16% stake in HUYA, the Morgan Stanley Invt. Fds. – Asia is the largest stakeholder. A total of 12,346,982 shares are owned by the mutual fund manager. The CREF Stock Account, which owns about 4.82% of HUYA stock, is the second-largest Mutual Fund holder. It holds 4,203,401 shares valued at 16.6 million. TIAA-CREF Emerging Markets Equity holds 4.34% of the stake in HUYA, owning 3,780,527 shares worth 14.93 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HUYA since 13 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HUYA analysts setting a high price target of $41.28 and a low target of $11.69, the average target price over the next 12 months is $26.10. Based on these targets, HUYA could surge 619.16% to reach the target high and rise by 103.66% to reach the target low. Reaching the average price target will result in a growth of 354.7% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HUYA will report FY 2022 earnings on 03/19/2024. Analysts have provided yearly estimates in a range of -$1.48 being high and -$2.84 being low. For HUYA, this leads to a yearly average estimate of -$2.04. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. HUYA Inc. surprised analysts by $0.08 when it reported $0.04 EPS against a consensus estimate of -$0.04. The surprise factor in the prior quarter was $0.05. Based on analyst estimates, the high estimate for the next quarter is -$2.41 and the low estimate is -$2.55. The average estimate for the next quarter is thus -$2.48.

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