For its third fiscal quarter (ending September 30), JOYY Inc (NASDAQ: YY) has reported a -47% decline in E.P.S. from $1.99 a year ago to $1.06 in the current quarter. E.P.S. were $3.39 for the latest four quarters through September 30 versus $-0.85 for the same period a year ago — a decline of -499%.
Recent Price Action
On 11/27/24, JOYY Inc (NASDAQ: YY) stock enjoyed a major increase of 10.6%, closing at $38.70. Moreover, unusually high trading volume at 174% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 7.2% during the last week.
Current PriceTarget Research Rating
JOYY has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. JOYY has a slightly positive Power Rating of 61 and a very high Appreciation Score of 93, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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