So-Young International (NASDAQ:SY) Sees Large Volume Increase - What's Next?

Key Points

• So-Young International experienced a significant increase in trading volume, with 737,552 shares traded on Tuesday, up 34% from the previous day.
• Analysts upgraded So-Young's stock rating from "neutral" to "buy," setting a target price of $5.50, indicating positive sentiment towards the company's future performance.
• So-Young International reported a loss of $0.60 per share for its latest quarter, higher than analysts' expectations, despite a substantial revenue shortfall compared to estimates.

So-Young International Inc. Sponsored ADR (NASDAQ:SY - Get Free Report) shares saw an uptick in trading volume on Tuesday . 737,552 shares were traded during trading, an increase of 34% from the previous session's volume of 549,002 shares.The stock last traded at $5.09 and had previously closed at $5.06.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SY shares. Citigroup raised shares of So-Young International from a "neutral" rating to a "buy" rating and set a $5.50 price objective on the stock in a research note on Tuesday, July 8th. Wall Street Zen upgraded So-Young International to a "hold" rating in a report on Friday, July 18th.

So-Young International Price Performance

The stock has a fifty day moving average of $10.73 and a two-hundred day moving average of $12.34. The firm has a market capitalization of $438.22 million, a price-to-earnings ratio of -5.40 and a beta of 1.76.

So-Young International (NASDAQ:SY - Get Free Report) last announced its earnings results on Friday, May 16th. The company reported ($0.60) earnings per share for the quarter, topping analysts' consensus estimates of ($5.10) by $4.50. So-Young International had a negative net margin of 41.03% and a negative return on equity of 2.14%. The business had revenue of $40.95 million during the quarter, compared to the consensus estimate of $293.76 million.

Hedge Funds Weigh In On So-Young International

An institutional investor recently raised its position in So-Young International stock. Jane Street Group LLC boosted its stake in So-Young International Inc. Sponsored ADR (NASDAQ:SY - Free Report) by 264.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,419 shares of the company's stock after purchasing an additional 26,419 shares during the quarter. Jane Street Group LLC's holdings in So-Young International were worth $30,000 as of its most recent SEC filing. 35.31% of the stock is owned by institutional investors.

So-Young International Company Profile

So-Young International Inc operates an online platform for consumption healthcare services in the People's Republic of China. The company offers So-Young Mobile App that offers users medical aesthetic knowledge and experience to reach an informed medical aesthetic treatment decision and make reservations for treatment with medical professionals and medical aesthetic institutions; So-Young Beauty which provides similar interfaces and functions as the mobile app, as well as serves as additional access points to the platform; and medical aesthetic community content through its website soyoung.com.