HUYA Inc. (NYSE:HUYA) closed Friday at $3.95 per share, up from $3.84 a day earlier. While HUYA Inc. has overperformed by 2.86%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HUYA fell by -42.59%, with highs and lows ranging from $7.94 to $1.64, whereas the simple moving average jumped by 15.67% in the last 200 days.
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On December 13, 2022, China Renaissance Upgraded HUYA Inc. (NYSE: HUYA) to Buy. A report published by Daiwa Securities on November 16, 2022, Upgraded its rating to ‘Buy’ for HUYA. UBS also Downgraded HUYA shares as ‘Neutral’, setting a target price of $2.90 on the company’s shares in a report dated September 29, 2022. Citigroup August 17, 2022d the rating to Neutral on August 17, 2022, and set its price target from $6 to $4. HSBC Securities May 17, 2022d its ‘Buy’ rating to ‘Hold’ for HUYA, as published in its report on May 17, 2022. JP Morgan’s report from March 14, 2022 suggests a price prediction of $3 for HUYA shares, giving the stock a ‘Underweight’ rating. China Renaissance also rated the stock as ‘Hold’.
Analysis of HUYA Inc. (HUYA)
Further, the quarter-over-quarter decrease in sales is -23.50%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of HUYA Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 0.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 5.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and HUYA is recording an average volume of 2.14M. On a monthly basis, the volatility of the stock is set at 13.44%, whereas on a weekly basis, it is put at 15.51%, with a gain of 3.95% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.04, showing growth from the present price of $3.95, which can serve as yet another indication of whether HUYA is worth investing in or should be passed over.
How Do You Analyze HUYA Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As opposed to executive stock, institutional ownership accounts for 60.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in HUYA shares?
The recent increase in stakes in HUYA appears to be a result of several institutional investors and hedge funds increasing their positions. Morgan Stanley Investment Managem’s position in HUYA has decreased by -18.64% in the first quarter. The company now owns 12,208,285 shares of the stock, with a value of $33.33 million, following the sale of -2,796,192 additional shares during the last quarter. UBS Securities LLC made another decreased to its shares in HUYA during the first quarter, downing its stake by -0.06%. During the last quarter, the company picked up -3,541 additional shares for a total stake of worth $16.64 million, bringing number of shares owned by the company to 6,095,429.
During the first quarter, TIAA-CREF Investment Management L added a 297,500 position in HUYA. Teachers Advisors LLC purchased an additional 0.52 million shares in the last quarter, increasing its holdings by 17.02%, now holding 3.6 million shares worth $9.84 million. At the end of the first quarter, Renaissance Technologies LLC increased its HUYA holdings by 1.89% and now holds 3.12 million HUYA shares valued at $8.53 million with the added 57924.0 shares during the period. HUYA shares are owned by institutional investors to the tune of 60.90% at present.
