HUYA Inc ADR (NYSE: HUYA) has experienced a rise in its stock price by 0.54 compared to its previous closing price of 4.61. However, the company has seen a fall of -11.55% in its stock price over the last five trading days. seekingalpha.com reported 2024-06-03 that HUYA’s pivot towards game-related services is progressing well as evidenced by the +138% YoY increase in this business’ revenue for Q1. The company has spent close to $20 million on buybacks for each of the last two quarters, and I estimate a high-single digit percentage potential buyback yield for HUYA. I retain a Buy rating for HUYA, following an analysis of the company’s share repurchases and strategic pivot.
Is It Worth Investing in HUYA Inc ADR (NYSE: HUYA) Right Now?
The 36-month beta value for HUYA is at 0.61. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for HUYA is 77.16M, and currently, shorts hold a 3.08% of that float. The average trading volume for HUYA on June 05, 2024 was 1.86M shares.
HUYA’s Market Performance
HUYA stock saw an increase of -11.55% in the past week, with a monthly gain of 12.59% and a quarterly increase of 32.41%. The volatility ratio for the week is 5.77%, and the volatility levels for the last 30 days are 7.31% for HUYA Inc ADR (HUYA).. The simple moving average for the past 20 days is -10.51% for HUYA’s stock, with a 44.21% simple moving average for the past 200 days.
Analysts’ Opinion of HUYA
Many brokerage firms have already submitted their reports for HUYA stocks, with JP Morgan repeating the rating for HUYA by listing it as a “Overweight.” The predicted price for HUYA in the upcoming period, according to JP Morgan is $9 based on the research report published on May 20, 2024 of the current year 2024.
BofA Securities gave a rating of “Buy” to HUYA, setting the target price at $5.80 in the report published on March 25th of the current year.
HUYA Trading at 4.48% from the 50-Day Moving Average
After a stumble in the market that brought HUYA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.24% of loss for the given period.
Volatility was left at 7.31%, however, over the last 30 days, the volatility rate increased by 5.77%, as shares sank -0.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.92% upper at present.
During the last 5 trading sessions, HUYA fell by -11.55%, which changed the moving average for the period of 200-days by +107.85% in comparison to the 20-day moving average, which settled at $5.24. In addition, HUYA Inc ADR saw 47.96% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HUYA
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.12 for the gross margin
The net margin for HUYA Inc ADR stands at -0.03. The total capital return value is set at -0.04. Equity return is now at value -1.60, with -1.29 for asset returns.
Currently, EBITDA for the company is -75.8 million with net debt to EBITDA at 2.33. When we switch over and look at the enterprise to sales, we see a ratio of 1.1. The receivables turnover for the company is 28.08for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.76.
Conclusion
In conclusion, HUYA Inc ADR (HUYA) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
