JOYY Inc (NASDAQ: YY) has recently experienced extremely meaningful negative changes in investment behavior: its longer term price trend turned down, and its shorter term price trend turned down.
JOYY Inc (NASDAQ: YY) has recently experienced important negative changes in fundamentals: the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
YY is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
JOYY has a current Value Trend Rating of B (Positive). 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 43, triggering the Positive Value Trend Rating.
Recent Price Action
JOYY Inc (NASDAQ: YY) stock declined modestly by -1.3% on 4/19/24. The stock closed at $32.23. However, this decline was accompanied by exceptionally low trading volume at 42% of normal. The stock has been weak relative to the market over the last nine months and has declined -5.2% during the last week.
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