Tuya Inc. Sponsored ADR (NYSE:TUYA - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $2.50, but opened at $2.61. Tuya shares last traded at $2.70, with a volume of 372,470 shares changing hands.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Tuya from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.
Get Our Latest Research Report on TUYA
Tuya Stock Down 1.4%
The business's fifty day moving average is $2.41 and its two-hundred day moving average is $2.54. The stock has a market capitalization of $1.36 billion, a PE ratio of 63.00 and a beta of 0.47.
Tuya (NYSE:TUYA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Tuya had a return on equity of 2.22% and a net margin of 6.28%. The business had revenue of $74.69 million during the quarter, compared to analyst estimates of $73.20 million.
Institutional Trading of Tuya
Several institutional investors have recently added to or reduced their stakes in TUYA. Baader Bank Aktiengesellschaft bought a new stake in Tuya during the 1st quarter valued at about $32,000. Boothbay Fund Management LLC lifted its stake in shares of Tuya by 46.0% during the 4th quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company's stock worth $36,000 after purchasing an additional 6,300 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Tuya in the 4th quarter valued at about $40,000. Numerai GP LLC acquired a new stake in Tuya in the fourth quarter valued at approximately $41,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Tuya by 157.9% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company's stock worth $52,000 after buying an additional 17,877 shares during the last quarter. Institutional investors own 11.47% of the company's stock.
About Tuya
(
Get Free Report)
Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.
Further Reading
Before you consider Tuya, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tuya wasn't on the list.
While Tuya currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
