Full Truck Alliance (NYSE:YMM) Sets New 1-Year Low – Here’s What Happened

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.09 and last traded at $8.1250, with a volume of 2983343 shares trading hands. The stock had previously closed at $8.35.

Wall Street Analysts Forecast Growth

YMM has been the topic of several research analyst reports. iA Financial set a $8.00 target price on shares of Full Truck Alliance in a report on Monday, January 12th. Daiwa Securities Group downgraded shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Friday, March 13th. Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Weiss Ratings cut shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. lowered shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $11.00 to $8.00 in a research note on Monday, January 12th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Full Truck Alliance presently has a consensus rating of “Hold” and a consensus price target of $11.43.

Full Truck Alliance Stock Performance

The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 13.43 and a beta of 0.23. The stock has a 50-day moving average of $9.34 and a 200-day moving average of $11.10.

Full Truck Alliance (NYSE:YMM) last issued 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 35.22% and a return on equity of 11.33%. The company had revenue of $456.32 million during the quarter. Sell-side analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.46 EPS for the current fiscal year.

Full Truck Alliance Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th will be paid a $0.084 dividend. This represents a yield of 203.0%. The ex-dividend date is Wednesday, April 8th. Full Truck Alliance’s payout ratio is presently 26.67%.

Hedge Funds Weigh In On Full Truck Alliance

Large investors have recently modified their holdings of the business. Amiral Gestion raised its holdings in Full Truck Alliance by 106.8% during the third quarter. Amiral Gestion now owns 455,000 shares of the company’s stock worth $5,901,000 after acquiring an additional 235,000 shares in the last quarter. Capital International Investors bought a new position in Full Truck Alliance in the third quarter valued at approximately $188,227,000. Alkeon Capital Management LLC increased its position in shares of Full Truck Alliance by 5.7% during the 2nd quarter. Alkeon Capital Management LLC now owns 14,698,535 shares of the company’s stock worth $173,590,000 after purchasing an additional 790,000 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Full Truck Alliance during the 3rd quarter worth approximately $22,237,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Full Truck Alliance by 76.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,647,830 shares of the company’s stock worth $138,102,000 after purchasing an additional 4,611,050 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Company Profile

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.