Full Truck Alliance Co. Ltd. [YMM] Is Currently -5.95 below its 200 Period Moving Avg: What Does This Mean?


Full Truck Alliance Co. Ltd. [NYSE: YMM] loss -5.95% or -0.56 points to close at $8.85 with a heavy trading volume of 10916061 shares. The company report on June 29, 2022 that Full Truck Alliance Announces Resumption of New User Registration.

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Full Truck Alliance Co. Ltd. (“FTA” or the “Company”) (NYSE: YMM), a leading digital freight platform, announced that the Company’s Yunmanman and Huochebang apps resumed new user registration today.

As previously announced by the Company, the Cybersecurity Review Office (“CRO”) of the Cyberspace Administration of China initiated a cybersecurity review of FTA’s Yunmanman and Huochebang apps last July. FTA has fully cooperated with the CRO in the cybersecurity review and has taken comprehensive measures to address issues identified during the process. The CRO informed FTA that its Yunmanman and Huochebang apps may resume new user registration today.

It opened the trading session at $9.17, the shares rose to $9.19 and dropped to $8.54, the range by which the price of stock traded the whole day. The daily chart for YMM points out that the company has recorded 20.08% gains over the past six months. However, it is still -114.81% lower than its most recent low trading price.

If we look at the average trading volume of 8.45M shares, YMM reached to a volume of 10916061 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $14.22 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.

Credit Suisse have made an estimate for Full Truck Alliance Co. Ltd. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 29, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on August 26, 2021, representing the official price target for Full Truck Alliance Co. Ltd. stock. Previously, the target price had yet another raise to $20.50, while Goldman analysts kept a Buy rating on YMM stock.

The Average True Range (ATR) for Full Truck Alliance Co. Ltd. is set at 0.76, with the Price to Sales ratio for YMM stock in the period of the last 12 months amounting to 13.61. The Price to Book ratio for the last quarter was 2.06, with the Price to Cash per share for the same quarter was set at 3.20.

Trading performance analysis for YMM stock

Full Truck Alliance Co. Ltd. [YMM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.32. With this latest performance, YMM shares gained by 11.18% in over the last four-week period, additionally plugging by 20.08% over the last 6 months – not to mention a drop of -41.51% in the past year of trading.

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 55.16, with the RSI for the last a single of trading hit 52.35, and the three-weeks RSI is set at 55.72 for Full Truck Alliance Co. Ltd. [YMM]. The present Moving Average for the last 50 days of trading for this stock 7.21, while it was recorded at 9.16 for the last single week of trading, and 9.63 for the last 200 days.

Full Truck Alliance Co. Ltd. [YMM]: A deeper dive into fundamental analysis

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 -82.00 and a Gross Margin at +45.46. Full Truck Alliance Co. Ltd.’s Net Margin is presently recorded at -78.47.

Return on Equity for this stock declined to -12.78, with Return on Assets sitting at -11.75.

Full Truck Alliance Co. Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 13.00 and a Current Ratio set at 13.00.

An analysis of insider ownership at Full Truck Alliance Co. Ltd. [YMM]

Positions in Full Truck Alliance Co. Ltd. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 59 institutional holders increased their position in Full Truck Alliance Co. Ltd. [NYSE:YMM] by around 85,076,681 shares. Additionally, 54 investors decreased positions by around 37,476,929 shares, while 11 investors held positions by with 230,498,432 shares. The mentioned changes placed institutional holdings at 353,052,042 shares, according to the latest SEC report filing. YMM stock had 27 new institutional investments in for a total of 19,327,153 shares, while 36 institutional investors sold positions of 19,937,540 shares during the same period.