Tuya Inc ADR (NYSE: TUYA)’s stock price has gone rise by 2.48 in comparison to its previous close of 1.61, however, the company has experienced a 8.55% increase in its stock price over the last five trading days. prnewswire.com reported 2024-11-18 that SANTA CLARA, Calif. , Nov. 18, 2024 /PRNewswire/ — Tuya Inc. (“Tuya”) (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced that a definitive agreement has been entered into in respect of a strategic investment by 65 Equity Partners through its purchase of an approximate 13% of Tuya’s total issued shares from New Enterprise Associates (“NEA”).
Is It Worth Investing in Tuya Inc ADR (NYSE: TUYA) Right Now?
The 36-month beta value for TUYA is also noteworthy at 0.38. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TUYA is 486.49M, and at present, short sellers hold a 0.12% of that float. The average trading volume of TUYA on November 18, 2024 was 1.07M shares.
TUYA’s Market Performance
TUYA stock saw an increase of 8.55% in the past week, with a monthly gain of 4.43% and a quarterly increase of 11.92%. The volatility ratio for the week is 3.96%, and the volatility levels for the last 30 days are 3.62% for Tuya Inc ADR (TUYA). The simple moving average for the past 20 days is 5.80% for TUYA’s stock, with a 1.04% simple moving average for the past 200 days.
Analysts’ Opinion of TUYA
Morgan Stanley gave a rating of “Equal-Weight” to TUYA, setting the target price at $7.20 in the report published on February 22nd of the previous year.
TUYA Trading at 5.62% from the 50-Day Moving Average
After a stumble in the market that brought TUYA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.06% of loss for the given period.
Volatility was left at 3.62%, however, over the last 30 days, the volatility rate increased by 3.96%, as shares surge +6.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.66% upper at present.
During the last 5 trading sessions, TUYA rose by +10.86%, which changed the moving average for the period of 200-days by -6.91% in comparison to the 20-day moving average, which settled at $1.5612. In addition, Tuya Inc ADR saw -25.06% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TUYA
Current profitability levels for the company are sitting at:
- -0.29 for the present operating margin
- 0.47 for the gross margin
The net margin for Tuya Inc ADR stands at -0.06. The total capital return value is set at -0.07. Equity return is now at value -1.65, with -1.52 for asset returns.
Currently, EBITDA for the company is -99.28 million with net debt to EBITDA at 9.51. When we switch over and look at the enterprise to sales, we see a ratio of 1.33. The receivables turnover for the company is 18.56for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.02.
Conclusion
In summary, Tuya Inc ADR (TUYA) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
