Yuanbao (NASDAQ:YB) Sets New 12-Month Low – Should You Sell?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $13.70 and last traded at $13.2160, with a volume of 11518 shares trading hands. The stock had previously closed at $14.07.

Wall Street Analyst Weigh In

Several research firms have commented on YB. Weiss Ratings downgraded shares of Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Citigroup began coverage on shares of Yuanbao in a report on Monday, February 23rd. They issued a “neutral” rating and a $21.80 price objective on the stock. Finally, Wall Street Zen downgraded shares of Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Yuanbao has a consensus rating of “Hold” and an average target price of $21.80.

Yuanbao Stock Down 7.1%

The company’s fifty day simple moving average is $17.21 and its 200 day simple moving average is $19.26. The stock has a market capitalization of $588.97 million and a price-to-earnings ratio of 3.38.

Institutional Investors Weigh In On Yuanbao

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada bought a new stake in shares of Yuanbao in the first quarter valued at about $72,000. Federated Hermes Inc. bought a new stake in shares of Yuanbao in the second quarter valued at about $370,000. JPMorgan Chase & Co. bought a new stake in shares of Yuanbao in the second quarter valued at about $454,000. Barclays PLC boosted its position in shares of Yuanbao by 68.7% in the fourth quarter. Barclays PLC now owns 41,988 shares of the company’s stock valued at $851,000 after acquiring an additional 17,105 shares during the period. Finally, Franchise GP Ltd bought a new stake in shares of Yuanbao in the fourth quarter valued at about $1,351,000.

About Yuanbao

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine. Through this engine, we successfully distribute suitable and high-quality insurance products to over ten million insurance consumers. According to Frost & Sullivan, we were the largest independent insurance distributor in China’s personal life and accident & health (A&H) insurance market in terms of first year premiums in 2023.