Is Wall Street High Or Low On HUYA Inc. (HUYA)?

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SNOW Stock

HUYA Inc. (NYSE:HUYA) finished Thursday with an addition of $0.24 to close at $3.84, an upside of 6.67 percent. An average of 3,635,540 shares of common stock have been traded in the last five days. The last 20 days have seen an average of 3,824,215 shares traded, while the 50-day average volume stands at 2,494,942.

HUYA stock has increased by 68.42% in the last month. The company shares reached their 1-month lowest point of $2.38 on 11/30/22. With the stock rallying to its 52-week high on 01/12/22, shares of the company touched a low of $1.64 and a high of $7.94 in 52 weeks. It has reached a new high 3 times so far this year and lost -44.67% or -$3.10 in price. In spite of this, the price is down -51.64% from the 52-week high.

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Valuation Metrics

HUYA Inc. (HUYA) stock’s beta is 0.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.66, the price-to-book (PB) ratio at 0.57.

Financial Health

The quick ratio of HUYA Inc. for the three months ended September 29 was 5.30, and the current ratio was 5.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $251.12 million compared to revenue of $1.78 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, HUYA Inc.’s return on assets was 0.30%.

Earnings Surprise

For the three-month period that ended September 29, HUYA Inc. had $1.44 billion in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $91.57 million in the quarter, while revenues were shrunk -47.97%. The analyst consensus anticipated HUYA Inc.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be $0.06, a 300.00% surprise. For the quarter, EBITDA amounted to $1.63 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at HUYA Inc. (HUYA) price momentum. RSI 9-day as of the close on 29 December was 58.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 153.15%.

As of today, HUYA’s price is $3.86 unch or $unch from its 5-day moving average. HUYA is currently trading +40.66% higher than its 20-day SMA and +21.52% higher than its 100-day SMA. However, the stock’s current price level is +84.62% above the SMA50 and +5.49% above the SMA200.

The stochastic %K and %D were 73.58% and 81.45%, respectively, and the average true range (ATR) was 0.46. With the 14-day stochastic at 66.03% and the average true range at 0.42, the RSI (14) stands at 59.32%. The stock has reached 0.30 on the 9-day MACD Oscillator while the 14-day reading was at 0.47.

Analyst Ratings

China Renaissance upgraded HUYA Inc. (NYSE: HUYA) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for HUYA Inc. (HUYA) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell HUYA, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

What is HUYA’s price target for the next 12 months?

Analysts predict a range of price targets between $12.32 and $30.25, with a median target of $23.92. Taking a look at these predictions, the average price target given by analysts for HUYA Inc. (HUYA) stock is $23.42.


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