HUYA Inc. [NYSE: HUYA] gained 6.26% or 0.27 points to close at $4.58 with a heavy trading volume of 3895064 shares. The company report on November 23, 2022 that Nimo TV Launches World-Class Football Game Themed Programs to Further Explore Pan-Entertainment Genre.
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Nimo TV Expands Live Streaming Presence in Southeast Asia and MENA Regions.
To share the excitement of the football tournament with fans, Nimo TV, Huya’s international business, is launching several new interactive events during the time of the exciting world-class football game event hosted in Qatar, which include Football Night, Football Girl Competition and Football Game Interactive Competition with a focus on timely game updates, pregame predictions and interactions with the audience.
It opened the trading session at $4.50, the shares rose to $4.60 and dropped to $4.328, the range by which the price of stock traded the whole day. The daily chart for HUYA points out that the company has recorded 15.66% gains over the past six months. However, it is still -179.27% lower than its most recent low trading price.
If we look at the average trading volume of 2.24M shares, HUYA reached to a volume of 3895064 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 HUYA Inc. [HUYA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HUYA shares is $4.04 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HUYA stock is a recommendation set at 2.90. 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.
China Renaissance have made an estimate for HUYA Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 13, 2022. While these analysts kept the previous recommendation, Daiwa Securities dropped their target price from $4 to $3.60. The new note on the price target was released on November 16, 2022, representing the official price target for HUYA Inc. stock. Previously, the target price had yet another drop from $27 to $2.90, while UBS kept a Neutral rating on HUYA stock. On August 17, 2022, analysts decreased their price target for HUYA shares from 6 to 4.
The Average True Range (ATR) for HUYA Inc. is set at 0.42, with the Price to Sales ratio for HUYA stock in the period of the last 12 months amounting to 0.75. The Price to Book ratio for the last quarter was 0.67, with the Price to Cash per share for the same quarter was set at 6.57.
Trading performance analysis for HUYA stock
HUYA Inc. [HUYA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.29. With this latest performance, HUYA shares gained by 56.31% in over the last four-week period, additionally plugging by 15.66% over the last 6 months – not to mention a drop of -34.94% 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 HUYA stock in for the last two-week period is set at 66.70, with the RSI for the last a single of trading hit 69.34, and the three-weeks RSI is set at 64.70 for HUYA Inc. [HUYA]. The present Moving Average for the last 50 days of trading for this stock 2.73, while it was recorded at 4.06 for the last single week of trading, and 3.40 for the last 200 days.
HUYA Inc. [HUYA]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and HUYA Inc. [HUYA] shares currently have an operating margin of -2.69 and a Gross Margin at +14.10. HUYA Inc.’s Net Margin is presently recorded at +5.14.
Return on Equity for this stock inclined to 5.76, with Return on Assets sitting at 4.55.
HUYA Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.30 and a Current Ratio set at 5.30.
HUYA Inc. [HUYA]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HUYA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for HUYA Inc. go to -6.29%.
An analysis of insider ownership at HUYA Inc. [HUYA]
Positions in HUYA Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 27 institutional holders increased their position in HUYA Inc. [NYSE:HUYA] by around 2,946,690 shares. Additionally, 49 investors decreased positions by around 4,556,720 shares, while 17 investors held positions by with 44,481,263 shares. The mentioned changes placed institutional holdings at 51,984,673 shares, according to the latest SEC report filing. HUYA stock had 6 new institutional investments in for a total of 134,704 shares, while 18 institutional investors sold positions of 1,767,027 shares during the same period.