JOYY Inc. (NASDAQ: YY) stock fell -2.03% on Tuesday to $37.58 against a previous-day closing price of $38.36. With 0.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.69 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $38.25 whereas the lowest price it dropped to was $37.03. The 52-week range on YY shows that it touched its highest point at $53.55 and its lowest point at $21.38 during that stretch. It currently has a 1-year price target of $52.08. With its current market cap of 2.61 billion, YY has annualized dividend of $2.04 while the current yield stands at 5.43%. Beta for the stock currently stands at 0.53.
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 YY was up-trending over the past week, with a rise of 1.54%, but this was up by 8.80% over a month. Three-month performance surged to 48.95% while six-month performance rose 42.73%. The stock lost -21.56% in the past year, while it has gained 18.96% so far this year. A look at the trailing 12-month EPS for YY yields 8.01 with Next year EPS estimates of 2.33. For the next quarter, that number is 0.26. This implies an EPS growth rate of -234.30% for this year and -10.00% for next year. EPS is expected to grow by 25.47% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -15.60%.
Float and Shares Shorts:
At present, 70.84 million YY shares are outstanding with a float of 53.63 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.82 million, which was 3.96% higher than short shares on Sep 14, 2022. In addition to Mr. Xueling Li as the firm’s Co-Founder, Chairman & CEO, Mr. Fuyong Liu serves as its Gen. Mang. of Fin.
Through their ownership of 70.12% of YY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 42.62% of YY, in contrast to 24.15% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in YY with 9.59% of the stake, T. Rowe Price Associates, Inc. holds 5,228,755 shares worth 5,228,755. A second-largest stockholder of YY, Capital Research & Management Co, holds 2,546,737 shares, controlling over 4.67% of the firm’s shares. Point72 Asset Management LP is the third largest shareholder in YY, holding 1,953,975 shares or 3.58% stake. With a 3.12% stake in YY, the KraneShares CSI China Internet ET is the largest stakeholder. A total of 1,701,142 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 2.16% of YY stock, is the second-largest Mutual Fund holder. It holds 1,177,618 shares valued at 37.2 million. T Rowe Price Emerging Markets Dis holds 1.63% of the stake in YY, owning 890,453 shares worth 28.13 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for YY since 19 analysts follow the stock currently. There are 15 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With YY analysts setting a high price target of $63.00 and a low target of $26.70, the average target price over the next 12 months is $46.39. Based on these targets, YY could surge 67.64% to reach the target high and fall by -28.95% to reach the target low. Reaching the average price target will result in a growth of 23.44% 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. YY will report FY 2022 earnings on 03/13/2024. Analysts have provided yearly estimates in a range of $5.90 being high and $1.86 being low. For YY, this leads to a yearly average estimate of $2.43. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. JOYY Inc. surprised analysts by $0.55 when it reported $0.96 EPS against a consensus estimate of $0.41. The surprise factor in the prior quarter was $0.47. Based on analyst estimates, the high estimate for the next quarter is $0.42 and the low estimate is $0.22. The average estimate for the next quarter is thus $0.33.
Dividends & Yield:
In terms of dividends, YY has a current ratio of $2.04, which is $2.04 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and YY currently yields $5.43. In the past year, YY’s dividend yield has been $5.43. Accordingly, YY has a current buyback yield of $14.97. This was $14.97 for the TTM.