While Tuya Inc ADR has underperformed by -1.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TUYA rose by 31.28%, with highs and lows ranging from $4.63 to $1.28, whereas the simple moving average fell by -1.12% in the last 200 days.
On January 08, 2024, Goldman Upgraded Tuya Inc ADR (NYSE: TUYA) to Buy. A report published by Morgan Stanley on November 29, 2023, Upgraded its rating to ‘Overweight’ for TUYA. Morgan Stanley also Downgraded TUYA shares as ‘Equal-Weight’, setting a target price of $7.20 on the company’s shares in a report dated February 22, 2022. BofA Securities May 14, 2021d the rating to Buy on May 14, 2021, and set its price target from $25 to $22. BofA Securities initiated its ‘Neutral’ rating for TUYA, as published in its report on April 13, 2021. Morgan Stanley’s report from April 12, 2021 suggests a price prediction of $26 for TUYA shares, giving the stock a ‘Overweight’ rating.
Analysis of Tuya Inc ADR (TUYA)
TUYA currently pays a dividend of $0.06 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 21.12%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Tuya Inc ADR’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 1.98% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.07, 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.
An average volume of 2.13M can be a very valuable indicator of volatility for TUYA stock. On a monthly basis, the volatility of the stock is set at 4.82%, whereas on a weekly basis, it is put at 4.15%, with a loss of -8.91% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.23, showing growth from the present price of $2.35, which can serve as yet another indication of whether TUYA is worth investing in or should be passed over.
How Do You Analyze Tuya Inc ADR Shares?
The China based company Tuya Inc ADR (TUYA) is one of the biggest names in Software – Infrastructure. When comparing Tuya Inc ADR shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 71.21, there is a growth in quarterly earnings of 387.30%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 14.80%. 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 11.81% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TUYA shares are owned by institutional investors to the tune of 11.81% at present.
