Volatility Is Your Friend: HUYA Inc ADR (HUYA) Is Hot Again

HUYA Inc ADR (NYSE:HUYA) does about 1.54M shares in volume on a normal day but saw 899435 shares change hands in Tuesday trading. The company now has a market cap of 369.67M USD. Its current market price is $4.47, marking no change compared to the previous close of $4.47. The 52 week high reached by this stock is $5.30 whilst the lowest price level in 52 weeks is $2.15.

HUYA Inc ADR (HUYA) has a 20-day trading average at $4.64 and the current price is -15.66% off the 52-week high compared with 107.42% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.05 and its 200-day simple moving average is $3.37. If we look at the stock’s price movements over the week, volatility stands at 5.23%, which increases to 6.39% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.32 to suggest the stock is neutral.

The consensus objective for the share price is $4.51, suggesting that the stock has a potential upside of 0.89% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 25, 2024 when BofA Securities upgraded the stock to “Buy” and issued a price target of $5.80. JP Morgan also upgraded the stock to “Neutral” from Underweight on April 14, 2023 at a price target of $2.30-$3. China Renaissance upgraded its price target at $4.30-$4.20.

HUYA Inc ADR (HUYA) stock is down -10.42% over the week and 0.68% over the past month. Its price is 22.13% year-to-date and 44.66% over the past year.

To reach the target analysts have set, the stock logically needs to grow 0.89 percent from here.

The company has a return on investment of -1.76% and return on equity of -1.73%. The forward price to earnings ratio is 24.79. The beta has a value of 0.61. Price to book ratio is 0.70 and price to sales ratio is 0.38.