Stocks of Full Truck Alliance Co. Ltd. (YMM) are poised to climb above their peers

Full Truck Alliance Co. Ltd. (NYSE: YMM) stock fell -1.57% on Wednesday to $5.65 against a previous-day closing price of $5.74. With 4.32 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.89 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $5.80 whereas the lowest price it dropped to was $5.57. The 52-week range on YMM shows that it touched its highest point at $10.18 and its lowest point at $4.58 during that stretch. It currently has a 1-year price target of $11.68.

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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 YMM was down-trending over the past week, with a drop of -6.77%, but this was down by -7.38% over a month. Three-month performance dropped to -18.59% while six-month performance fell -8.72%. The stock gained 1.80% in the past year, while it has lost -29.37% so far this year. A look at the trailing 12-month EPS for YMM yields 0.06 with Next year EPS estimates of 0.43. For the next quarter, that number is 0.05. This implies an EPS growth rate of 106.10% for this year and 59.30% for next year.

Float and Shares Shorts:

At present, 1.06 billion YMM shares are outstanding with a float of 944.78 million shares on hand for trading. On Apr 27, 2023, short shares totaled 39.16 million, which was 3.66% higher than short shares on Mar 30, 2023. In addition to Mr. Hui Zhang as the firm’s Founder, Chairman & CEO, Mr. Chong Cai serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 48.96% of YMM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 19.88% of YMM, in contrast to 15.40% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in YMM with 4.40% of the stake, Farallon Capital Management LLC holds 43,805,238 shares worth 43,805,238. A second-largest stockholder of YMM, Krane Funds Advisors LLC, holds 29,937,917 shares, controlling over 3.01% of the firm’s shares. Alkeon Capital Management LLC is the third largest shareholder in YMM, holding 19,671,406 shares or 1.98% stake. With a 2.67% stake in YMM, the KraneShares CSI China Internet ET is the largest stakeholder. A total of 26,549,723 shares are owned by the mutual fund manager. The Vanguard International Growth Fun, which owns about 1.23% of YMM stock, is the second-largest Mutual Fund holder. It holds 12,227,700 shares valued at 78.26 million. Vanguard Emerging Markets Stock I holds 0.88% of the stake in YMM, owning 8,748,740 shares worth 55.99 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, YMM reported revenue of $1.67B and operating income of -$46.41M. The EBITDA in the recently reported quarter was $59.01M and diluted EPS was $0.01.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for YMM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With YMM analysts setting a high price target of $106.16 and a low target of $56.24, the average target price over the next 12 months is $80.72. Based on these targets, YMM could surge 1778.94% to reach the target high and rise by 895.4% to reach the target low. Reaching the average price target will result in a growth of 1328.67% 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.

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