Full Truck Alliance (NYSE:YMM) Sets New 52-Week Low – Here’s Why

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $8.04 and last traded at $8.0350, with a volume of 2154752 shares. The stock had previously closed at $8.41.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on YMM. Weiss Ratings lowered shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. JPMorgan Chase & Co. raised shares of Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price objective on the stock in a research note on Wednesday, April 1st. Daiwa Securities Group lowered shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research note on Friday, March 13th. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Finally, Bank of America began coverage on shares of Full Truck Alliance in a research note on Tuesday, May 5th. They set a “buy” rating and a $11.30 price objective on the stock. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Full Truck Alliance has a consensus rating of “Moderate Buy” and an average target price of $10.79.

Full Truck Alliance Price Performance

The stock’s 50 day simple moving average is $8.64 and its two-hundred day simple moving average is $9.52. The stock has a market cap of $8.38 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 0.78 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. Full Truck Alliance had a net margin of 32.68% and a return on equity of 10.52%. The firm had revenue of $456.32 million for the quarter. As a group, analysts forecast that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 earnings per share for the current fiscal year.

Institutional Trading of Full Truck Alliance

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Beijing Investment Ltd raised its holdings in shares of Full Truck Alliance by 73.8% in the third quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock valued at $890,333,000 after purchasing an additional 29,150,926 shares during the last quarter. FIL Ltd raised its holdings in shares of Full Truck Alliance by 1.6% in the fourth quarter. FIL Ltd now owns 64,382,173 shares of the company’s stock valued at $690,821,000 after purchasing an additional 1,040,793 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Full Truck Alliance by 7.5% in the fourth quarter. Invesco Ltd. now owns 58,272,671 shares of the company’s stock valued at $625,266,000 after purchasing an additional 4,049,322 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Full Truck Alliance by 43.6% in the fourth quarter. Schroder Investment Management Group now owns 47,859,035 shares of the company’s stock valued at $513,527,000 after purchasing an additional 14,525,984 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Full Truck Alliance by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 33,004,634 shares of the company’s stock valued at $354,140,000 after purchasing an additional 461,147 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

About Full Truck Alliance

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.