JOYY Inc. (NASDAQ: YY) stock fell -0.47% on Thursday to $38.01 against a previous-day closing price of $38.19. With 0.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.49 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $38.45 whereas the lowest price it dropped to was $37.84. The 52-week range on YY shows that it touched its highest point at $39.50 and its lowest point at $21.38 during that stretch. It currently has a 1-year price target of $48.09. With its current market cap of 2.26 billion, YY has annualized dividend of $0.80 while the current yield stands at 2.10%. Beta for the stock currently stands at 0.63.
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 4.65%, but this was up by 18.86% over a month. Three-month performance surged to 27.25% while six-month performance rose 40.41%. The stock gained 32.44% in the past year, while it has gained 20.32% so far this year. A look at the trailing 12-month EPS for YY yields 4.36 with Next year EPS estimates of 2.92. For the next quarter, that number is 0.70. This implies an EPS growth rate of 190.60% for this year and 1.40% for next year. EPS is expected to decline by -1.39% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -48.70%.
Float and Shares Shorts:
At present, 71.97 million YY shares are outstanding with a float of 44.78 million shares on hand for trading. On Aug 14, 2023, short shares totaled 2.22 million, which was 3.58% higher than short shares on Jul 13, 2023. In addition to Mr. Xueling Li as the firm’s Co-Founder, Chairman & CEO, Mr. Fuyong Liu serves as its VP of Fin.
Through their ownership of 64.48% of YY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 29.91% of YY, in contrast to 22.12% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in YY with 3.17% of the stake, T. Rowe Price International Ltd. holds 1,689,224 shares worth 1,689,224. A second-largest stockholder of YY, Morgan Stanley & Co. LLC, holds 1,546,592 shares, controlling over 2.90% of the firm’s shares. Acadian Asset Management LLC is the third largest shareholder in YY, holding 1,448,006 shares or 2.72% stake. With a 2.46% stake in YY, the KraneShares CSI China Internet ET is the largest stakeholder. A total of 1,309,671 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 2.21% of YY stock, is the second-largest Mutual Fund holder. It holds 1,177,618 shares valued at 40.93 million. T Rowe Price International Value holds 1.51% of the stake in YY, owning 802,771 shares worth 27.9 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 Jun 29, 2023, YY reported revenue of $596.10M and operating income of $38.74M. The EBITDA in the recently reported quarter was $56.68M and diluted EPS was $0.23.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for YY 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 YY analysts setting a high price target of $62.00 and a low target of $35.00, the average target price over the next 12 months is $44.10. Based on these targets, YY could surge 63.11% to reach the target high and fall by -7.92% to reach the target low. Reaching the average price target will result in a growth of 16.02% 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.
Dividends & Yield:
In terms of dividends, YY has a current ratio of $1.73, which is $1.73 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and YY currently yields $5.37. In the past year, YY’s dividend yield has been $5.37. Accordingly, YY has a current buyback yield of $5.86. This was $5.86 for the TTM.