Full Truck Alliance (NYSE:YMM) Sets New 1-Year High at $9.72

Full Truck Alliance Co. Ltd. (NYSE:YMM)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $9.72 and last traded at $9.64, with a volume of 3121804 shares. The stock had previously closed at $9.20.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their price objective on shares of Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd.

Full Truck Alliance Price Performance

The company has a fifty day moving average of $7.57 and a 200 day moving average of $8.04. The firm has a market capitalization of $9.80 billion, a P/E ratio of 29.06 and a beta of 0.20.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Full Truck Alliance had a net margin of 26.80% and a return on equity of 7.88%. The company had revenue of $380.38 million for the quarter, compared to analyst estimates of $369.24 million. On average, sell-side analysts forecast that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current year.

Institutional Trading of Full Truck Alliance

Large investors have recently bought and sold shares of the business. Barometer Capital Management Inc. bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $122,000. Virtu Financial LLC bought a new position in shares of Full Truck Alliance during the 4th quarter worth approximately $203,000. Mubadala Investment Co PJSC acquired a new stake in shares of Full Truck Alliance during the 4th quarter worth approximately $80,709,000. Vanguard Group Inc. increased its stake in shares of Full Truck Alliance by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 25,527,565 shares of the company’s stock valued at $178,948,000 after acquiring an additional 163,328 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Full Truck Alliance during the 4th quarter valued at $229,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.