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

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock 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.

Wall Street Analyst Weigh In

YMM has been the topic of a number of recent analyst reports. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research report on Monday, April 20th. Bank of America began coverage on Full Truck Alliance in a research report on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price objective for the company. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. Nomura set a $11.00 price target on Full Truck Alliance in a research note on Monday, June 15th. Finally, 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. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $10.79.

Full Truck Alliance Stock Performance

The business has a fifty day simple moving average of $8.61 and a 200 day simple moving average of $9.43. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.69 and a beta of 0.30.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of YMM. Compound Planning Inc. raised its position in shares of Full Truck Alliance by 7.0% during the third quarter. Compound Planning Inc. now owns 15,948 shares of the company’s stock worth $207,000 after purchasing an additional 1,048 shares during the period. CI Investments Inc. grew its position in Full Truck Alliance by 10.7% in the 3rd quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock valued at $142,000 after purchasing an additional 1,052 shares during the period. Parnassus Investments LLC grew its position in Full Truck Alliance by 7.1% in the 4th quarter. Parnassus Investments LLC now owns 23,076 shares of the company’s stock valued at $248,000 after purchasing an additional 1,529 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Full Truck Alliance by 150.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after purchasing an additional 1,762 shares in the last quarter. Finally, Capital International Sarl increased its stake in Full Truck Alliance by 0.8% during the 4th quarter. Capital International Sarl now owns 266,548 shares of the company’s stock valued at $2,860,000 after purchasing an additional 2,030 shares in the last quarter. Institutional investors and hedge funds 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.