Market Analysts see HUYA Inc ADR [HUYA] gaining to $9. Time to buy?

HUYA Inc ADR [NYSE: HUYA] gained 14.13% on the last trading session, reaching $5.09 price per share at the time.

If compared to the average trading volume of 1.41M shares, HUYA reached a trading volume of 5343541 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about HUYA Inc ADR [HUYA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HUYA shares is $5.79 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 1.71. 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.

JP Morgan have made an estimate for HUYA Inc ADR shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 20, 2024. The new note on the price target was released on May 15, 2024, representing the official price target for HUYA Inc ADR stock. Previously, the target price had yet another raise to $5.80, while BofA Securities analysts kept a Buy rating on HUYA stock. On April 14, 2023, analysts increased their price target for HUYA shares from 2.30 to 3.

The Average True Range (ATR) for HUYA Inc ADR is set at 0.26, with the Price to Sales ratio for HUYA stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 0.30, with the Price to Cash per share for the same quarter was set at 11.75.

Trading performance analysis for HUYA stock

HUYA Inc ADR [HUYA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.65. With this latest performance, HUYA shares gained by 19.48% in over the last four-week period, additionally plugging by 91.84% over the last 6 months – not to mention a rise of 114.69% 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 70.94, with the RSI for the last a single of trading hit 79.58, and the three-weeks RSI is set at 64.52 for HUYA Inc ADR [HUYA]. The present Moving Average for the last 50 days of trading for this stock 4.30, while it was recorded at 4.47 for the last single week of trading, and 4.04 for the last 200 days.

HUYA Inc ADR [HUYA]: A deeper dive into fundamental analysis

HUYA Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.76 and a Current Ratio set at 4.27.

HUYA Inc ADR [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 ADR go to -6.68%.

An analysis of Institutional ownership at HUYA Inc ADR [HUYA]

The top three institutional holders of HUYA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in HUYA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in HUYA stock with ownership which is approximately 5.1238%.

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