For its first fiscal quarter (ending March 31), JOYY Inc (NASDAQ: YY) has reported E.P.S. of $0.73 compared to $0.36 a year ago. E.P.S. were $5.73 for the latest four quarters through March 31 versus $2.33 for the same period a year ago.
Recent Price Action
JOYY Inc (NASDAQ: YY) stock declined by -4.0% on 5/29/24. The shares closed at $31.33. Moreover, trading volume in this decline was exceptionally high at 220% of normal. The stock has been weak relative to the market over the last nine months and has declined -6.9% during the last week.
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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. JOYY has a very high Appreciation Score of 92 but a slightly negative Power Rating of 35, and the Positive Value Trend Rating results.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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