Yuanbao (NASDAQ:YB) Hits New 12-Month Low - What's Next?

Key Points

• Yuanbao shares hit a new 52-week low, falling to $11.00 and last trading near $11.12, down 2.1% from the prior close.
• Analyst sentiment deteriorated after Weiss Ratings downgraded the stock from “hold” to “sell.” The two-analyst consensus is “Reduce,” although the average price target of $21.80 remains well above the current price.
• The company reported quarterly EPS of $1.26 on $204.92 million in revenue, with a 29.91% net margin and 43.75% return on equity; meanwhile, Ramsey Quantitative Systems increased its stake by 72.3% during the third quarter.

Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report) shares reached a new 52-week low on Tuesday. The stock traded as low as $11.00 and last traded at $11.1150, with a volume of 39,111 shares. The stock had previously closed at $11.31.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Yuanbao from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $21.80.

Yuanbao Stock Down 2.1%

The firm's 50 day simple moving average is $12.67 and its 200 day simple moving average is $15.84. The company has a market cap of $499.26 million, a price-to-earnings ratio of 2.46 and a beta of 0.56.

Yuanbao (NASDAQ:YB - Get Free Report) last announced its quarterly earnings results on Friday, September 11th. The company reported $1.26 earnings per share (EPS) for the quarter. The company had revenue of $204.92 million during the quarter. Yuanbao had a return on equity of 43.75% and a net margin of 29.91%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Yuanbao stock. Ramsey Quantitative Systems lifted its holdings in Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Free Report) by 72.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,073 shares of the company's stock after purchasing an additional 7,584 shares during the period. Yuanbao comprises 0.2% of Ramsey Quantitative Systems' holdings, making the stock its 10th biggest holding. Ramsey Quantitative Systems' holdings in Yuanbao were worth $225,000 as of its most recent SEC filing.

Yuanbao Company Profile

Yuanbao Inc NASDAQ: YB is a China-based technology-driven insurance distribution company. The company operates an online platform that connects consumers with insurance products offered by third-party insurance carriers.

Yuanbao's platform primarily focuses on personal protection products, including health, life, accident and other insurance offerings. Its services are designed to help customers compare, purchase and manage policies through digital channels, while using data and technology to support product distribution and customer service.

The company primarily serves customers in China through online platforms and mobile applications.

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