Tuya Inc. (NYSE:TUYA) traded with a subtraction of -$0.01 to close at $1.87 on Friday, a downside of -0.80 percent. An average of 586,326 shares of common stock have been traded in the last five days. There was a gain of $0.0400 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,278,937 shares traded, while the 50-day average volume stands at 854,253.
TUYA stock has increased by 70.91% in the last month. The company shares reached their 1-month lowest point of $1.1000 on 12/02/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $0.77 and a high of $6.70 in 52 weeks. It has reached a new high 3 times so far this year and lost -69.92% or -$4.3800 in price. In spite of this, the price is down -72.16% from the 52-week high.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
Tuya Inc. (TUYA) has a trailing price-to-sales (P/S) ratio at 4.67, the price-to-book (PB) ratio at 1.06.
The quick ratio of Tuya Inc. for the three months ended September 29 was 12.60, and the current ratio was 13.20, 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. Tuya Inc.’s EBITDA margin for the year ending September 29 is -60.60%, while its operating margin for the same period stands at -78.60%. Its gross profit as reported stood at $127.87 million compared to revenue of $302.08 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Tuya Inc.’s return on assets was -15.00%.
For the three-month period that ended September 29, Tuya Inc. had $102.13 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$175.42 million in the quarter, while revenues were grew 100.0%. The analyst consensus anticipated Tuya Inc.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be -$0.03, a 0.00% surprise. For the quarter, EBITDA amounted to -$40.41 million.
From a technical analysis perspective, let’s take a brief look at Tuya Inc. (TUYA) price momentum. RSI 9-day as of the close on 29 December was 65.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 57.27%.
As of today, TUYA’s price is $1.8140 +2.19% or $0.0400 from its 5-day moving average. TUYA is currently trading +70.00% higher than its 20-day SMA and +6.86% higher than its 100-day SMA. However, the stock’s current price level is +88.91% above the SMA50 and -36.61% below the SMA200.
The stochastic %K and %D were 46.00% and 46.20%, respectively, and the average true range (ATR) was 0.1672. With the 14-day stochastic at 52.00% and the average true range at 0.1624, the RSI (14) stands at 66.55%. The stock has reached 0.0389 on the 9-day MACD Oscillator while the 14-day reading was at 0.0257.
Morgan Stanley downgraded Tuya Inc. (NYSE: TUYA) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Tuya Inc. (TUYA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TUYA, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is TUYA’s price target for the next 12 months?
Analysts predict a range of price targets between $1.10 and $2.50, with a median target of $1.40. Taking a look at these predictions, the average price target given by analysts for Tuya Inc. (TUYA) stock is $1.54.