The stock of Full Truck Alliance Co. Ltd. (NYSE:YMM) decreased by -$0.12 on Tuesday to finish at $6.49, down -1.82 percent. The last five days have seen an average of 2,872,100 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$1.51. The average number of shares traded over the last 20 days was 4,414,450, while the average volume over the last 50 days totaled 4,557,994.
YMM stock dropped -11.34% since last month. On 08/15/23, the company’s shares reached a one-month low of $6.34. The stock touched a high of $10.18 on 01/17/23, after rallying from a low of $4.58 in 52 weeks. The price of YMM stock has declined by -18.88% or -$1.51 this year, reaching a new high 7 times. Still, the stock price is down -36.25% from the 52-week high.
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Valuation Metrics
Full Truck Alliance Co. Ltd. (YMM) has a trailing price-to-earnings (P/E) ratio of 49.54. Beta for the stock is 0.24. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.33, the price-to-book (PB) ratio of 1.47.
Financial Health
For the three months ended March 30, Full Truck Alliance Co. Ltd.’s quick ratio was 12.10, while its current ratio was 12.10, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 48.20% percent. Full Truck Alliance Co. Ltd.’s EBITDA margin for the year ended March 30 was -1.80%, whereas its operating margin stood at 3.60% for the same period. Based on annual data, it had gross profit of $466.73 million and revenue of $976.29 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. YMM’s return on assets (ROA) during the last 12 months has been 2.80%. There was a -0.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.00%.
Earnings Surprise
According to Full Truck Alliance Co. Ltd.’s quarterly financial report for the quarter that ended March 30, it had $3.06 billion in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $976.29 million, while revenues rose by 25.15% to $0.0. It was predicted that Full Truck Alliance Co. Ltd.’s quarterly earnings would be $0.07, but it ended up being $0.05. EBITDA was $24.14 million for the quarter. At the end of Full Truck Alliance Co. Ltd.’s most recent quarter ended March 30, its liabilities totaled 413.94 million, while its total debt was $70.82 million.
Technical Picture
Here’s a quick look at Full Truck Alliance Co. Ltd.’s (YMM) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 34.24%, suggesting the stock is Neutral, with a 40.56% historical volatility rate.
The stochastic %K and %D were 12.01% and 20.03% respectively, while the average true range (ATR) was 0.33. Based on the 14-day stochastic reading of 12.00%, the RSI (14) reading is 40.62%. On the 9-day MACD Oscillator, the stock is at -0.29, and the 14-day reading is at -0.42.
Analyst Ratings
In its analyst report released on July 05, 2023, Morgan Stanley began covering Full Truck Alliance Co. Ltd. (NYSE: YMM). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Full Truck Alliance Co. Ltd. (YMM) an Buy rating. YMM is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.
What is YMM’s price target for the next 12 months?
The current consensus forecast for the stock is between $56.24 and $108.91, with a median target price of $77.44. In analyzing these forecasts, the average price target given by analysts for Full Truck Alliance Co. Ltd. (YMM) is $78.73.
