Should Investors Trust The Upside Potential In HUYA Inc ADR (HUYA)?

money audit

HUYA Inc ADR (NYSE:HUYA) currently has a daily average trading volume of 1.97M but it saw 1238733 shares traded in last market. With a market cap of 261.41M USD, the company’s current market price of $3.44 came falling about -0.58 while comparing to the previous closing price of $3.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.53 and as low as $1.97. In the recent trading on the day, stock has struck highest price mark of $3.39 while lowest mark touched by it was $3.48.

Taking a look at 20-day trading activity of HUYA Inc ADR (HUYA) gives us an average price of $4.51, while its current price level is -37.85% below from 52-week high level whereas it is 74.89% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.33 while that of 200 days or SMA-200 reads an average of $4.26. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.82% during that period while stretching the period over a month that increases to 6.32%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 38.52 which implies that the stock is in neutral territory.

Citigroup upgraded its recommendation for the stock as a “Buy” from “Sell” on August 14, 2024 while assigning a price target range of $2.40-$6. JP Morgan issued its recommendations for the stock as it upgraded the price target for the stock is $9.

Over the week, HUYA’s stock price is moving -0.29% down while it is -5.95% when we observe its performance for the past one month. Year-to-date it is 35.71% up and over the past year, the stock is showing an upside performance of 54.73%.

Currently, HUYA Inc ADR’s total number of outstanding shares is 82.70M. Company’s return on investment (ROI) stands at -1.71% and return on equity (ROE) at -1.57%. It has a 13.15 of forward P/E ratio. Stock’s beta reads 0.62. Stock has a price to book (P/B) ratio of 0.60 while price to sale or P/S ratio amounts to 0.30. Its return on asset (ROA) is -1.32% on average.