Full Truck Alliance (NYSE:YMM) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $8.41 and traded as high as $8.85. Full Truck Alliance shares last traded at $8.7150, with a volume of 5,610,178 shares traded.

Analyst Upgrades and Downgrades

YMM has been the topic of a number of recent research reports. UBS Group reissued a “buy” rating and issued a $13.36 target price on shares of Full Truck Alliance in a research report on Wednesday, August 5th. Weiss Ratings downgraded Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Finally, Wall Street Zen raised shares of Full Truck Alliance from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.30.

Full Truck Alliance Stock Performance

The business’s 50-day moving average price is $8.41 and its 200 day moving average price is $8.80. The company has a market cap of $9.09 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.73 and a beta of 0.22.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings data on Friday, August 14th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $497.73 million for the quarter, compared to analyst estimates of $463.13 million. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. Equities research analysts forecast that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 earnings per share for the current year.

Full Truck Alliance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Investors of record on Wednesday, October 14th were issued a dividend of $0.0840 per share. The ex-dividend date was Wednesday, October 14th. This represents a $0.34 dividend on an annualized basis and a yield of 3.9%. Full Truck Alliance’s dividend payout ratio (DPR) is presently 55.93%.

Institutional Trading of Full Truck Alliance

Several institutional investors and hedge funds have recently bought and sold shares of YMM. Robeco Institutional Asset Management B.V. lifted its position in shares of Full Truck Alliance by 65.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,426,014 shares of the company’s stock valued at $28,333,000 after buying an additional 1,360,147 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Full Truck Alliance by 57.7% during the 1st quarter. Bank of America Corp DE now owns 2,515,788 shares of the company’s stock worth $20,881,000 after acquiring an additional 920,948 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Full Truck Alliance by 62.4% during the 1st quarter. Hsbc Holdings PLC now owns 1,975,692 shares of the company’s stock worth $16,301,000 after acquiring an additional 758,900 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Full Truck Alliance during the 1st quarter worth approximately $11,592,000. Finally, C WorldWide Group Holding A S increased its holdings in shares of Full Truck Alliance by 0.8% during the 2nd quarter. C WorldWide Group Holding A S now owns 1,153,400 shares of the company’s stock worth $9,366,000 after acquiring an additional 9,100 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd. is a China-based digital freight platform that connects shippers with truck drivers and logistics companies. The company operates through its Yunmanman and Huochebang platforms, which help users find transportation capacity, arrange shipments and manage freight transactions through online tools.

Its services are designed to improve the efficiency of China’s road freight industry by matching cargo with available trucks and providing information and transaction support.