Full Truck Alliance Co. Ltd. (NYSE:YMM) finished Friday with a subtraction of -$0.17 to close at $6.66, a downside of -2.49 percent. An average of 5,372,720 shares of common stock have been traded in the last five days. There was a gain of $0.50 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 3,800,310 shares traded, while the 50-day average volume stands at 4,619,074.
YMM stock has decreased by -6.06% in the last month. The company shares reached their 1-month lowest point of $6.01 on 08/18/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $4.58 and a high of $10.18 in 52 weeks. It has reached a new high 7 times so far this year and lost -16.75% or -$1.34 in price. In spite of this, the price is down -34.58% 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 51.23. The stock’s beta is 0.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.42, the price-to-book (PB) ratio at 1.53.
Financial Health
The quick ratio of Full Truck Alliance Co. Ltd. for the three months ended June 29 was 12.10, and the current ratio was 12.10, 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 June 29. Full Truck Alliance Co. Ltd.’s EBITDA margin for the year ending June 29 is -1.80%, while its operating margin for the same period stands at 3.60%. Its gross profit as reported stood at $466.73 million compared to revenue of $976.29 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, Full Truck Alliance Co. Ltd.’s return on assets was 2.80%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $58.98 million in the quarter, while revenues were grew 1210.24%. The analyst consensus anticipated Full Truck Alliance Co. Ltd.’s latest quarter earnings to come in at $0.06 per share, but it turned out to be $0.09, a 50.00% surprise. For the quarter, EBITDA amounted to $46.03 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Full Truck Alliance Co. Ltd. (YMM) price momentum. RSI 9-day as of the close on 25 August was 50.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 63.27%.
As of today, YMM’s price is $6.57 +8.12% or $0.50 from its 5-day moving average. YMM is currently trading -11.44% lower than its 20-day SMA and -11.20% lower than its 100-day SMA. However, the stock’s current price level is -3.62% below the SMA50 and +16.64% above the SMA200.
The stochastic %K and %D were 61.54% and 48.27%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 53.04% and the average true range at 0.35, the RSI (14) stands at 48.86%. The stock has reached 0.36 on the 9-day MACD Oscillator while the 14-day reading was at 0.24.
Analyst Ratings
Morgan Stanley launched coverage on Full Truck Alliance Co. Ltd. (NYSE: YMM) in its analyst report released on July 05, 2023. The firm assigned the stock an Overweight rating. The consensus rating for Full Truck Alliance Co. Ltd. (YMM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell YMM, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.
What is YMM’s price target for the next 12 months?
Analysts predict a range of price targets between $58.34 and $110.12, with a median target of $80.22. Taking a look at these predictions, the average price target given by analysts for Full Truck Alliance Co. Ltd. (YMM) stock is $81.70.
