TOYO (NASDAQ:TOYO) Now Covered by HC Wainwright

HC Wainwright initiated coverage on shares of TOYO (NASDAQ:TOYO) in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $18.00 price target on the stock. HC Wainwright’s target price indicates a potential upside of 191.73% from the stock’s current price.

Several other analysts also recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of TOYO in a research note on Wednesday, October 8th. Wall Street Zen raised TOYO to a “hold” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, TOYO has an average rating of “Moderate Buy” and a consensus price target of $18.00.

TOYO Trading Down 0.8%

Shares of NASDAQ TOYO opened at $6.17 on Thursday. TOYO has a fifty-two week low of $2.57 and a fifty-two week high of $8.39. The company has a quick ratio of 0.26, a current ratio of 0.47 and a debt-to-equity ratio of 0.49. The firm’s 50-day simple moving average is $6.36 and its 200 day simple moving average is $5.80.

TOYO Company Profile

TOYO Co Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain. The company was founded on November 8, 2022 and is headquartered in Tokyo, Japan.