HUYA (NYSE:HUYA) Trading Up 8.5% – Here’s What Happened

28 Oct 2024, 17:38 by Kim Johansen · The Markets Daily

HUYA Inc. (NYSE:HUYA – Get Free Report)’s stock price rose 8.5% during trading on Monday . The company traded as high as $3.69 and last traded at $3.69. Approximately 284,791 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 1,526,444 shares. The stock had previously closed at $3.40.

Analyst Ratings Changes

A number of analysts have issued reports on HUYA shares. Citigroup upgraded shares of HUYA from a “sell” rating to a “buy” rating and lifted their target price for the company from $2.40 to $6.00 in a research note on Wednesday, August 14th. Hsbc Global Res cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, HSBC reiterated a “hold” rating and issued a $4.70 price objective on shares of HUYA in a report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $6.38.

Read Our Latest Report on HUYA

HUYA Price Performance

The stock’s 50 day moving average price is $4.30 and its two-hundred day moving average price is $4.47. The firm has a market capitalization of $902.02 million, a price-to-earnings ratio of -40.78 and a beta of 0.60.

HUYA (NYSE:HUYA – Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.35. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. HUYA had a negative net margin of 2.69% and a positive return on equity of 0.53%. The business’s revenue was down 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. As a group, equities research analysts anticipate that HUYA Inc. will post 0.15 EPS for the current fiscal year.

HUYA Increases Dividend

The firm also recently announced a — dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were issued a $1.06 dividend. The ex-dividend date was Wednesday, October 9th. This is a positive change from HUYA’s previous — dividend of $0.64.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Smith Anglin Financial LLC acquired a new stake in HUYA during the third quarter worth about $73,000. Bayesian Capital Management LP grew its holdings in shares of HUYA by 22.0% during the 1st quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock worth $88,000 after purchasing an additional 3,500 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of HUYA during the second quarter valued at approximately $205,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of HUYA in the first quarter valued at $222,000. Finally, Commonwealth Equity Services LLC bought a new position in HUYA in the second quarter worth $291,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

HUYA Company Profile

(Get Free Report)