Full Truck Alliance (NYSE:YMM) Share Price Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Full Truck Alliance shares rose 4.1%, trading above their 50-day moving average of $8.41 and reaching as high as $8.85. The stock last traded near $8.72, while its 200-day average stood at $8.80.
• Analyst sentiment is generally positive, with six Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $11.30 versus the recent share price.
• The company reported quarterly results above expectations, with EPS of $0.20 and revenue of $497.73 million, and pays a quarterly dividend of $0.084 per share, representing an annualized yield of about 3.9%.

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Get Free Report)'s share price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $8.41 and traded as high as $8.85. Full Truck Alliance shares last traded at $8.7150, with a volume of 5,610,178 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently weighed in on YMM. Weiss Ratings downgraded Full Truck Alliance from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday. Wall Street Zen raised Full Truck Alliance from a "hold" rating to a "buy" rating in a research note on Saturday, October 24th. Finally, UBS Group reaffirmed a "buy" rating and set a $13.36 price objective on shares of Full Truck Alliance in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Full Truck Alliance presently has an average rating of "Moderate Buy" and an average price target of $11.30.

Full Truck Alliance Trading Up 4.1%

The firm's 50 day moving average is $8.41 and its two-hundred day moving average is $8.80. The firm has a market cap of $9.09 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 0.73 and a beta of 0.22.

Full Truck Alliance (NYSE:YMM - Get Free Report) last posted its earnings results on Friday, August 14th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $497.73 million for the quarter, compared to analyst estimates of $463.13 million. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. Analysts predict that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.71 EPS for the current fiscal year.

Full Truck Alliance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 14th were issued a dividend of $0.0840 per share. The ex-dividend date was Wednesday, October 14th. This represents a $0.34 annualized dividend and a yield of 3.9%. Full Truck Alliance's payout ratio is currently 55.93%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new stake in shares of Full Truck Alliance during the first quarter worth $11,592,000. Robeco Institutional Asset Management B.V. lifted its position in Full Truck Alliance by 65.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,426,014 shares of the company's stock valued at $28,333,000 after acquiring an additional 1,360,147 shares in the last quarter. Bank of America Corp DE lifted its position in Full Truck Alliance by 57.7% in the 1st quarter. Bank of America Corp DE now owns 2,515,788 shares of the company's stock valued at $20,881,000 after acquiring an additional 920,948 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Full Truck Alliance by 62.4% in the 1st quarter. Hsbc Holdings PLC now owns 1,975,692 shares of the company's stock worth $16,301,000 after purchasing an additional 758,900 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Full Truck Alliance in the 1st quarter worth $2,881,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd. is a China-based digital freight platform that connects shippers with truck drivers and logistics companies. The company operates through its Yunmanman and Huochebang platforms, which help users find transportation capacity, arrange shipments and manage freight transactions through online tools.

Its services are designed to improve the efficiency of China's road freight industry by matching cargo with available trucks and providing information and transaction support.

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