Full Truck Alliance Co. Ltd. [YMM] Is Currently -2.05 below its 200 Period Moving Avg: What Does This Mean?

Full Truck Alliance Co. Ltd. [NYSE: YMM] price plunged by -2.05 percent to reach at -$0.15. The company report on March 8, 2023 that Full Truck Alliance Co. Ltd. Announces Substantial Completion of Independent Investigation.

Full Truck Alliance Co. Ltd. (“FTA” or the “Company”) (NYSE: YMM), a leading digital freight platform, today announced that the Audit Committee of the Board of Directors (the “Audit Committee”) has substantially completed an independent investigation (the “Independent Investigation”) of the key allegations raised by a report issued by J Capital Research USA LLC, a short seller, on January 24, 2023 (the “J Capital Report”). The Audit Committee retained professional advisors that have no prior relationship with the Company, including an international law firm and forensic accounting experts from a Big-Four accounting firm, to assist in the Independent Investigation.

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Based on the Independent Investigation, the Audit Committee has concluded that none of the key allegations in the J Capital Report could be substantiated. The J Capital Report displays an evident lack of understanding of the Company’s business. The Independent Investigation identified no evidence of systematic GTV inflation through the alleged schemes. Neither is there any evidence indicating that the key transactions of the Company with its investees or shareholders referenced in the J Capital Report could have violated the applicable laws or regulations.

A sum of 15254892 shares traded at recent session while its average daily volume was at 6.23M shares. Full Truck Alliance Co. Ltd. shares reached a high of $7.30 and dropped to a low of $7.00 until finishing in the latest session at $7.17.

The one-year YMM stock forecast points to a potential upside of 39.08. The average equity rating for YMM stock is currently 1.70, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $11.77 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.

Barclays have made an estimate for Full Truck Alliance Co. Ltd. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on February 09, 2023. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on December 01, 2022, representing the official price target for Full Truck Alliance Co. Ltd. stock. Previously, the target price had yet another raise to $12, while Credit Suisse analysts kept a Outperform rating on YMM stock.

The Average True Range (ATR) for Full Truck Alliance Co. Ltd. is set at 0.36, with the Price to Sales ratio for YMM stock in the period of the last 12 months amounting to 8.10. The Price to Book ratio for the last quarter was 1.56, with the Price to Cash per share for the same quarter was set at 3.45. Price to Free Cash Flow for YMM in the course of the last twelve months was 67.17 with Quick ratio for the last quarter at 11.30.

YMM Stock Performance Analysis:

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 1.41% in over the last four-week period, additionally plugging by 19.90% over the last 6 months – not to mention a rise of 9.97% 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 46.28, with the RSI for the last a single of trading hit 45.42, and the three-weeks RSI is set at 46.59 for Full Truck Alliance Co. Ltd. [YMM]. The present Moving Average for the last 50 days of trading for this stock 7.32, while it was recorded at 7.27 for the last single week of trading, and 7.49 for the last 200 days.

Insight into Full Truck Alliance Co. Ltd. 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 -3.11 and a Gross Margin at +47.81. Full Truck Alliance Co. Ltd.’s Net Margin is presently recorded at +6.04.

Return on Total Capital for YMM is now -0.62, given the latest momentum, and Return on Invested Capital for the company is 1.21. Return on Equity for this stock inclined to 1.21, with Return on Assets sitting at 1.11. When it comes to the capital structure of this company, Full Truck Alliance Co. Ltd. [YMM] has a Total Debt to Total Equity ratio set at 0.24. Additionally, YMM Total Debt to Total Capital is recorded at 0.24, with Total Debt to Total Assets ending up at 0.22. Long-Term Debt to Equity for the company is recorded at 0.11, with the Long-Term Debt to Total Capital now at 0.11.

Receivables Turnover for the company is 2.52 with a Total Asset Turnover recorded at a value of 0.18.Full Truck Alliance Co. Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 11.30 and a Current Ratio set at 11.30.

Full Truck Alliance Co. Ltd. [YMM] Insider Position Details

Positions in Full Truck Alliance Co. Ltd. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 79 institutional holders increased their position in Full Truck Alliance Co. Ltd. [NYSE:YMM] by around 83,618,842 shares. Additionally, 47 investors decreased positions by around 24,906,250 shares, while 15 investors held positions by with 347,704,254 shares. The mentioned changes placed institutional holdings at 456,229,346 shares, according to the latest SEC report filing. YMM stock had 36 new institutional investments in for a total of 24,818,116 shares, while 14 institutional investors sold positions of 4,103,871 shares during the same period.


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