Full Truck Alliance (NYSE:YMM) Shares Break Below 200 Day Moving Average - Should You Sell?

Key Points

• Shares slipped below their 200-day moving average: Full Truck Alliance traded as low as $8.70, below the $8.77 average, and last traded at $8.735.
• Analysts maintain a Moderate Buy consensus, with six Buy ratings and three Hold ratings and an average price target of $11.30.
• The company beat quarterly earnings and revenue estimates, and its announced quarterly dividend equates to a 3.8% annualized yield.

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Get Free Report) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $8.77 and traded as low as $8.70. Full Truck Alliance shares last traded at $8.7350, with a volume of 7,910,713 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on YMM. Wall Street Zen raised Full Truck Alliance from a "hold" rating to a "buy" rating in a research note on Saturday, October 24th. Weiss Ratings lowered Full Truck Alliance from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 30th. Finally, UBS Group reaffirmed a "buy" rating and set a $13.36 target price on shares of Full Truck Alliance in a research note on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.30.

Full Truck Alliance Stock Performance

The firm's 50 day moving average price is $8.44 and its two-hundred day moving average price is $8.77. The company has a market cap of $9.11 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 0.80 and a beta of 0.25.

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

Full Truck Alliance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th were paid a $0.0840 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $0.34 annualized dividend and a dividend yield of 3.8%. Full Truck Alliance's dividend payout ratio (DPR) is currently 55.93%.

Institutional Investors Weigh In On Full Truck Alliance

Hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC raised its holdings in Full Truck Alliance by 55.1% during the second quarter. Tidal Investments LLC now owns 770,588 shares of the company's stock worth $6,257,000 after buying an additional 273,851 shares during the last quarter. Nykredit A S bought a new position in shares of Full Truck Alliance in the second quarter valued at $1,862,000. Public Employees Retirement System of Ohio acquired a new position in shares of Full Truck Alliance during the second quarter valued at about $1,418,000. National Pension Service bought a new stake in shares of Full Truck Alliance during the second quarter worth about $1,709,000. Finally, ABS Direct Equity Fund LLC bought a new stake in shares of Full Truck Alliance during the second quarter worth about $1,641,000. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Company Profile

Full Truck Alliance Co. Ltd. operates a digital freight platform in China that connects businesses and other cargo shippers with truck drivers. Its platform helps users find and arrange road transportation, matching freight orders with available trucks. The company was formed in 2017 through the merger of Chinese freight platforms Yunmanman and Huochebang. Its services include freight matching and tools for arranging and managing shipments. Full Truck Alliance is focused on the Chinese market. Co-founder Zhang Hui serves as the company's chairman and chief executive officer.

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