Tuya (NYSE:TUYA) Sets New 1-Year Low - Should You Sell?

Key Points

• Tuya shares hit a new 52-week low of $1.56 and last traded near $1.595, below their 50-day and 200-day moving averages.
• Analyst sentiment is mixed but leans moderately bullish: one analyst rates Tuya Buy and another Hold, producing a “Moderate Buy” consensus with a $3.69 target price.
• Tuya reported quarterly revenue of $92.94 million and EPS of $0.03, while maintaining strong liquidity with an 8.74 current ratio; institutional investors own 11.47% of the stock.

Tuya Inc. Sponsored ADR (NYSE:TUYA - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday. The stock traded as low as $1.56 and last traded at $1.5950, with a volume of 7,888 shares changing hands. The stock had previously closed at $1.60.

Analyst Ratings Changes

Several research analysts recently issued reports on TUYA shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Tuya in a research note on Friday, October 16th. Wall Street Zen raised shares of Tuya from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Tuya currently has an average rating of "Moderate Buy" and a consensus target price of $3.69.

Tuya Stock Down 0.9%

The company has a debt-to-equity ratio of 0.01, a current ratio of 8.74 and a quick ratio of 8.23. The stock has a 50 day simple moving average of $1.74 and a 200-day simple moving average of $2.02. The firm has a market cap of $861.03 million, a PE ratio of 14.41 and a beta of 0.53.

Tuya (NYSE:TUYA - Get Free Report) last released its earnings results on Friday, August 14th. The company reported $0.03 EPS for the quarter. Tuya had a return on equity of 6.74% and a net margin of 20.16%. The firm had revenue of $92.94 million for the quarter. Sell-side analysts predict that Tuya Inc. Sponsored ADR will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Tuya

A hedge fund recently bought a new position in Tuya stock. Public Employees Retirement System of Ohio acquired a new position in Tuya Inc. Sponsored ADR (NYSE:TUYA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 483,095 shares of the company's stock, valued at approximately $850,000. Public Employees Retirement System of Ohio owned about 0.09% of Tuya as of its most recent SEC filing. Hedge funds and other institutional investors own 11.47% of the company's stock.

About Tuya

Tuya Inc is a global technology company that provides a cloud-based Internet of Things (IoT) development platform. Its services help manufacturers, brands, retailers and other businesses connect, manage and operate smart devices without building an IoT infrastructure from the ground up.

The company's offerings include IoT platform-as-a-service tools, cloud services, device connectivity, software development tools and solutions for creating smart-device applications. Tuya supports products such as smart home appliances, lighting systems, security devices, sensors and commercial or industrial equipment.

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