Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for JOYY Inc (NASDAQ: YY) improved of late. YY’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
JOYY Inc (NASDAQ: YY) stock closed at $34.23 on 8/23/24 after a slight gain of 0.09%. However, this advance was accompanied by below average trading volume at 78% of normal. The stock has declined -1.4% during the last week and has been weak relative to the market over the last nine months.
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 VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary 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.
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