Market Analysts see Full Truck Alliance Co. Ltd. [YMM] gaining to $19.50. Time to buy?


Full Truck Alliance Co. Ltd. [NYSE: YMM] plunged by -$0.32 during the normal trading session on Friday and reaching a high of $8.90 during the day while it closed the day at $8.37. The company report on November 18, 2021 that Full Truck Alliance Co. Ltd. Announces Third Quarter 2021 Unaudited Financial Results.

— Full Truck Alliance Co. Ltd. (“FTA” or the “Company”) (NYSE: YMM), a leading digital freight platform, today announced its unaudited financial results for the third quarter ended September 30, 2021.

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Full Truck Alliance Co. Ltd. stock has also gained 0.84% of its value over the past 7 days. However, YMM stock has declined by -41.39% in the 3 months of the year. Over the past six months meanwhile, it has lost -55.99% and lost -61.07% year-on date.

The market cap for YMM stock reached $9.40 billion, with 1.09 billion shares outstanding and 176.64 million shares in the current float. Compared to the average trading volume of 4.08M shares, YMM reached a trading volume of 8185625 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Full Truck Alliance Co. Ltd. [YMM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for YMM shares is $22.34 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on YMM stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Full Truck Alliance Co. Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 26, 2021. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on August 03, 2021, representing the official price target for Full Truck Alliance Co. Ltd. stock.

The Average True Range (ATR) for Full Truck Alliance Co. Ltd. is set at 0.91, with the Price to Sales ratio for YMM stock in the period of the last 12 months amounting to 14.68. The Price to Book ratio for the last quarter was 1.79, with the Price to Cash per share for the same quarter was set at 3.74.

YMM stock trade performance evaluation

Full Truck Alliance Co. Ltd. [YMM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.84. With this latest performance, YMM shares dropped by -29.31% in over the last four-week period, additionally sinking by -55.99% over the last 6 months .

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for YMM stock in for the last two-week period is set at 34.32, with the RSI for the last a single of trading hit 34.53, and the three-weeks RSI is set at 35.63 for Full Truck Alliance Co. Ltd. [YMM]. The present Moving Average for the last 50 days of trading for this stock 12.70, while it was recorded at 8.51 for the last single week of trading.

Full Truck Alliance Co. Ltd. [YMM]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Full Truck Alliance Co. Ltd. [YMM] shares currently have an operating margin of -140.87 and a Gross Margin at +49.01. Full Truck Alliance Co. Ltd.’s Net Margin is presently recorded at -134.49.

Return on Total Capital for YMM is now -17.90, given the latest momentum, and Return on Invested Capital for the company is -17.30. Return on Equity for this stock declined to -17.30, with Return on Assets sitting at -15.53.

Receivables Turnover for the company is 1.36 with a Total Asset Turnover recorded at a value of 0.12.Full Truck Alliance Co. Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 13.20 and a Current Ratio set at 13.20.

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Full Truck Alliance Co. Ltd. [YMM]: Insider Ownership positions

Positions in Full Truck Alliance Co. Ltd. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 35 institutional holders increased their position in Full Truck Alliance Co. Ltd. [NYSE:YMM] by around 51,788,829 shares. Additionally, 43 investors decreased positions by around 36,555,389 shares, while 7 investors held positions by with 129,882,165 shares. The mentioned changes placed institutional holdings at 218,226,383 shares, according to the latest SEC report filing. YMM stock had 22 new institutional investments in for a total of 43,266,231 shares, while 31 institutional investors sold positions of 15,031,986 shares during the same period.