Is Full Truck Alliance Co. Ltd. (YMM) Price Targeted To Increase?

As of Friday close, Full Truck Alliance Co. Ltd.’s (NYSE:YMM) stock was up $0.28, moving up 4.67 percent to $6.28. The average number of shares traded per day over the past five days has been 5,020,600 shares. 4 times new highs have been achieved over the past 5 days, with a $0.35 gain in that time frame. In the last twenty days, the average volume was 5,342,955, while in the previous 50 days, it was 8,468,802.

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Since last month, YMM stock retreated -3.68%. Shares of the company fell to $4.56 on 04/28/22, the lowest level in the past month. Since the beginning of this year, YMM’s stock price has dropped by -24.97% or -$2.09, and marked a new high 7 times. However, the stock has declined by -72.46% since its 52-week high.

Financial Health

In the three months ended September 29, Full Truck Alliance Co. Ltd.’s quick ratio stood at 10.60, while its current ratio was 10.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 45.50% percent. In the year ended September 29, operating margins totaled -83.90%. Based on annual data, YMM earned $332.21 million in gross profit and brought in $730.79 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -12.50%. Return on equity (ROE) for the past 12 months was -19.30%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Full Truck Alliance Co. Ltd. to report -$0.01 quarterly earnings, the actual figure was -$0.03 per share. During the quarter, the company generated -$31.31 million in EBITDA. The liabilities of Full Truck Alliance Co. Ltd. were 367.48 million at the end of its most recent quarter ended September 29, and its total debt was $9.0 million.

Technical Picture

This quick technical analysis looks at Full Truck Alliance Co. Ltd.’s (YMM) price momentum. With a historical volatility rate of 99.38%, the RSI 9-day stood at 53.91% on 13 May.

With respect to its five-day moving average, the current Full Truck Alliance Co. Ltd. price is up by +5.90% percent or $0.35. At present, YMM shares trade +2.78% above its 20-day simple moving average and -30.07% percent below its 100-day simple moving average. However, the stock is currently trading approximately -23.88% below its SMA50 and -39.50% below its SMA200.

Stochastic coefficient K was 59.03% and Stochastic coefficient D was 53.01%, while ATR was 0.65. Given the Stochastic reading of 65.65% for the 14-day period, the RSI (14) reading has been calculated as 50.91%. As of today, the MACD Oscillator reading stands at -0.11, while the 14-day reading stands at 0.15.

Analyst Ratings

Citigroup launched its rating on Full Truck Alliance Co. Ltd. (NYSE: YMM) to a Buy in a note to investors on August 26, 2021. Full Truck Alliance Co. Ltd. (YMM) has been rated Buy by analysts. According to 0 brokerage firms, YMM is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Full Truck Alliance Co. Ltd. stock as buy, with 4 recommending it as overweight.

With a median target price of $98.89, the current consensus forecast for the stock is $95.71 – $125.37. Based on these forecasts, analysts predict Full Truck Alliance Co. Ltd. (YMM) will achieve an average price target of $104.71.


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