Full Truck Alliance (NYSE:YMM) Reaches New 12-Month Low – Here’s Why

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) hit a new 52-week low during trading on Tuesday . The company traded as low as $8.04 and last traded at $8.0350, with a volume of 2154752 shares trading hands. The stock had previously closed at $8.41.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on YMM shares. Citigroup reaffirmed a “buy” rating on shares of Full Truck Alliance in a report on Monday, April 20th. Weiss Ratings cut shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. JPMorgan Chase & Co. raised Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price target for the company in a report on Wednesday, April 1st. Finally, Bank of America started coverage on Full Truck Alliance in a research report on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price target for the company. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.79.

Full Truck Alliance Stock Down 2.6%

The business’s 50-day moving average price is $8.63 and its 200 day moving average price is $9.48. The company has a market capitalization of $8.12 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 0.74 and a beta of 0.30.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings data 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 during the quarter. Analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group raised its position in shares of Full Truck Alliance by 2,789.6% in the third quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock worth $432,330,000 after buying an additional 32,179,501 shares in the last quarter. First Beijing Investment Ltd increased its stake in Full Truck Alliance by 73.8% in the 3rd quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock worth $890,333,000 after acquiring an additional 29,150,926 shares during the last quarter. Invesco Ltd. increased its stake in Full Truck Alliance by 66.4% in the 3rd quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock worth $703,277,000 after acquiring an additional 21,628,993 shares during the last quarter. Capital International Investors purchased a new stake in shares of Full Truck Alliance in the 3rd quarter valued at about $188,227,000. Finally, OLP CAPITAL MANAGEMENT Ltd raised its holdings in shares of Full Truck Alliance by 198.7% in the 4th quarter. OLP CAPITAL MANAGEMENT Ltd now owns 15,007,851 shares of the company’s stock valued at $161,034,000 after acquiring an additional 9,983,779 shares in the last quarter. 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.