Stock Rating Upgrade
In recent days the Value Trend Rating for JOYY Inc (NASDAQ: YY) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
JOYY Inc (NASDAQ: YY) stock enjoyed a large increase of 2.6% on 4/8/24. The stock closed at $34.93. However, this advance was accompanied by unusually low trading volume at 57% of normal. Relative to the market the stock has been weak over the last nine months but has risen 13.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, YY is expected to continue to be Value Creation neutral.
JOYY has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. JOYY has a very high Appreciation Score of 93 but a neutral Power Rating of 47, producing the Positive Value Trend Rating.
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