While JOYY Inc ADR has underperformed by -3.16%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, YY rose by 16.02%, with highs and lows ranging from $43.20 to $24.12, whereas the simple moving average fell by -8.74% in the last 200 days.
On January 02, 2024, The Benchmark Company Downgraded JOYY Inc ADR (NASDAQ: YY) to Hold. A report published by Morgan Stanley on June 01, 2022, Downgraded its rating to ‘Equal-Weight’ for YY. JP Morgan also Upgraded YY shares as ‘Neutral’, setting a target price of $40 on the company’s shares in a report dated May 16, 2022. Goldman November 02, 2021d its ‘Neutral’ rating to ‘Sell’ for YY, as published in its report on November 02, 2021. China Renaissance’s report from July 13, 2021 suggests a price prediction of $125 for YY shares, giving the stock a ‘Buy’ rating. JP Morgan also rated the stock as ‘Overweight’.
Analysis of JOYY Inc ADR (YY)
The current dividend for YY investors is set at $1.22 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -3.35%, 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 JOYY Inc ADR’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 -2.29% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.37, 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 YY is recording an average volume of 692.31K. On a monthly basis, the volatility of the stock is set at 3.73%, whereas on a weekly basis, it is put at 5.49%, with a gain of 0.60% over the past seven days. Furthermore, long-term investors anticipate a median target price of $48.08, showing growth from the present price of $31.87, which can serve as yet another indication of whether YY is worth investing in or should be passed over.
How Do You Analyze JOYY Inc ADR 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 such, the current holdings of company stock inside the company are set at 0.50%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 72.21% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
YY shares are owned by institutional investors to the tune of 72.21% at present.
