Full Truck Alliance (NYSE:YMM) Hits New 1-Year Low – Here’s Why

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)’s share price reached a new 52-week low on Monday . The company traded as low as $7.66 and last traded at $7.8260, with a volume of 337719 shares changing hands. The stock had previously closed at $7.80.

Analyst Ratings Changes

Several equities research analysts have recently commented on YMM shares. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. Bank of America initiated coverage on shares of Full Truck Alliance in a research report on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price target on the stock. Daiwa Securities Group downgraded Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a research note on Friday, March 13th. JPMorgan Chase & Co. upgraded Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price target for the company in a research note on Wednesday, April 1st. Finally, Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.79.

Full Truck Alliance Trading Up 2.4%

The stock’s 50-day moving average price is $8.61 and its two-hundred day moving average price is $9.43. The stock has a market capitalization of $8.33 billion, a P/E ratio of 14.01, a P/E/G ratio of 0.69 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.01 EPS for the quarter. Full Truck Alliance had a net margin of 32.68% and a return on equity of 10.52%. The company had revenue of $456.32 million for the quarter. On average, equities research analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in YMM. Royal Bank of Canada raised its stake in Full Truck Alliance by 172.4% in the 1st quarter. Royal Bank of Canada now owns 34,765 shares of the company’s stock valued at $444,000 after acquiring an additional 22,001 shares during the period. Geode Capital Management LLC boosted its position in Full Truck Alliance by 11.6% during the second quarter. Geode Capital Management LLC now owns 159,770 shares of the company’s stock worth $1,887,000 after purchasing an additional 16,591 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Full Truck Alliance by 274.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after purchasing an additional 2,845 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Full Truck Alliance by 7.9% in the second quarter. California Public Employees Retirement System now owns 1,134,627 shares of the company’s stock worth $13,400,000 after purchasing an additional 83,434 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Full Truck Alliance in the second quarter valued at approximately $118,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

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.