HUYA Inc. (NYSE: HUYA) stock fell -1.20% on Friday to $2.47 against a previous-day closing price of $2.50. With 3.48 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.72 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $2.5200 whereas the lowest price it dropped to was $2.4500. The 52-week range on HUYA shows that it touched its highest point at $6.49 and its lowest point at $1.64 during that stretch. It currently has a 1-year price target of $4.14. Beta for the stock currently stands at 0.82.
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 down-trending over the past week, with a drop of -1.98%, but this was down by -2.76% over a month. Three-month performance dropped to -35.17% while six-month performance fell -36.99%. The stock lost -17.94% in the past year, while it has lost -37.47% so far this year. A look at the trailing 12-month EPS for HUYA yields -0.21 with Next year EPS estimates of 0.02. For the next quarter, that number is -0.04. This implies an EPS growth rate of -183.80% for this year and 150.00% for next year. EPS is expected to decline by -6.68% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -32.20%.
Float and Shares Shorts:
At present, 231.87 million HUYA shares are outstanding with a float of 89.62 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.09 million, which was 1.28% higher than short shares on Jul 30, 2023. In addition to Ms. Ashley Xin Wu as the firm’s Acting Co-CEO & VP of Fin., Mr. Junhong Huang serves as its Acting Co-CEO & Sr. VP.
Through their ownership of 74.07% of HUYA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 37.48% of HUYA, in contrast to 34.44% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in HUYA with 14.08% of the stake, Morgan Stanley Asia Ltd. holds 12,601,955 shares worth 12,601,955. A second-largest stockholder of HUYA, Goldman Sachs & Co. LLC, holds 7,068,008 shares, controlling over 7.90% of the firm’s shares. Morgan Stanley Investment Managem is the third largest shareholder in HUYA, holding 5,977,377 shares or 6.68% stake. With a 13.79% 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 6.60% of HUYA stock, is the second-largest Mutual Fund holder. It holds 5,907,101 shares valued at 15.83 million. TIAA-CREF Emerging Markets Equity holds 4.22% of the stake in HUYA, owning 3,780,527 shares worth 10.13 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, HUYA reported revenue of $2.28B and operating income of -$81.11M. The EBITDA in the recently reported quarter was -$78.25M and diluted EPS was -$0.08.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HUYA 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 HUYA analysts setting a high price target of $45.90 and a low target of $16.81, the average target price over the next 12 months is $24.31. Based on these targets, HUYA could surge 1758.3% to reach the target high and rise by 580.57% to reach the target low. Reaching the average price target will result in a growth of 884.21% 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.