NASDAQ:YY

JOYY (YY) Stock Forecast, Price & News

$38.11

-0.33 (-0.86%)

(As of 09/29/2023 ET)

Compare

Today's Range: $38.01
▼
$39.21
50-Day Range: $31.96
▼
$40.07
52-Week Range: $21.38
▼
$40.29

Volume: 839,945 shs
Average Volume: 684,376 shs
Market Capitalization: $2.36 billion

P/E Ratio: 11.65
Dividend Yield: 2.07%
Price Target: $41.50

JOYY MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 8.9% Upside
$41.50 Price Target
Short Interest: Bearish
6.23% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.94
Based on 10 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 31.92%
From $2.13 to $2.81 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.27 out of 5 stars

Computer And Technology Sector

297th out of 605 stocks

Data Processing & Preparation Industry

29th out of 59 stocks

1.3

Analyst's Opinion

Consensus Rating
JOYY has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $41.50, JOYY has a forecasted upside of 8.9% from its current price of $38.11.
Amount of Analyst Coverage
JOYY has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
6.23% of the float of JOYY has been sold short.
Short Interest Ratio / Days to Cover
JOYY has a short interest ratio ("days to cover") of 5.8.
Change versus previous month
Short interest in JOYY has recently increased by 27.48%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
JOYY pays a meaningful dividend of 2.06%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
JOYY does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of JOYY is 24.16%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, JOYY will have a dividend payout ratio of 28.11% next year. This indicates that JOYY will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for YY.

3.9

News and Social Media Coverage

News Sentiment
JOYY has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for JOYY this week, compared to 2 articles on an average week.
Search Interest
5 people have searched for YY on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.
MarketBeat Follows
5 people have added JOYY to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, JOYY insiders have not sold or bought any company stock.
Percentage Held by Insiders
43.00% of the stock of JOYY is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 36.83% of the stock of JOYY is held by institutions.

3.8

Earnings and Valuation

Earnings Growth
Earnings for JOYY are expected to grow by 31.92% in the coming year, from $2.13 to $2.81 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of JOYY is 11.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.58.
Price to Earnings Ratio vs. Sector
The P/E ratio of JOYY is 11.65, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 272.48.
Price to Book Value per Share Ratio
JOYY has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About JOYY (NASDAQ:YY) Stock

JOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. The company operates Bigo Live, a social live streaming platform that allows users to live stream specific moments, such as showcase talents, socialize, and connect with other users worldwide; Likee, a short-form video social platform that focuses on enabling users to create short-form video; Hago, a multiuser social networking platform that provides casual games; imo, an instant messaging application with functions, including video calls and other communication tools, such as group calls, document sharing, etc.; and Shopline, a smart commerce enabler that provides an integrated omnichannel platform for merchants to create and grow brands online and reach customers. It operates in the People's Republic of China, the United States, the Great Britain, Japan, South Korea, Australia, the Middle East, Southeast Asia, and internationally. The company was formerly known as YY Inc. and changed its name to JOYY Inc. in December 2019. JOYY Inc. was founded in 2005 and is headquartered in Singapore.

YY Price History

30 days | 90 days | 365 days | Advanced Chart

YY Stock News Headlines

September 29, 2023 | msn.com

Is JOYY Inc. A Buy? An Analysis Of Its Strengths And Challenges

September 29, 2023 | seekingalpha.com

JOYY: Murky Outlook Supports A Hold Rating

October 1, 2023 | Behind the Markets (Ad)

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September 29, 2023 | americanbankingnews.com

JOYY Inc. (NASDAQ:YY) Short Interest Update

September 27, 2023 | finance.yahoo.com

Is JOYY Inc (YY) Modestly Overvalued? A Comprehensive Valuation Analysis

September 25, 2023 | gurufocus.com

Unraveling the Dividend Tale of JOYY Inc (YY)

September 24, 2023 | americanbankingnews.com

JOYY Inc. (NASDAQ:YY) Receives Average Rating of "Moderate Buy" from Analysts

September 21, 2023 | americanbankingnews.com

JOYY (NASDAQ:YY) Reaches New 1-Year High at $39.70

October 1, 2023 | Behind the Markets (Ad)

The World's First "$20 Trillion Drug

September 12, 2023 | finance.yahoo.com

JOYY (NASDAQ:YY) Is Reducing Its Dividend To $0.1975

September 6, 2023 | finance.yahoo.com

JOYY (YY): Is It Worth Your Investment? A Comprehensive Analysis of Its Market Value

August 31, 2023 | finance.yahoo.com

Here's Why JOYY (NASDAQ:YY) Has Caught The Eye Of Investors

August 30, 2023 | finanznachrichten.de

JOYY Inc.: JOYY Reports Second Quarter 2023 Results: US$155.1 Million Net Profit and Sustained User Growth

August 30, 2023 | finance.yahoo.com

JOYY Inc. (NASDAQ:YY) Q2 2023 Earnings Call Transcript

August 30, 2023 | seekingalpha.com

JOYY beats Q2 top and bottom line estimates; initiates Q3 outlook

August 30, 2023 | markets.businessinsider.com

JOYY Q2 Non-GAAP Profit Rises

August 29, 2023 | chron.com

JOYY: Q2 Earnings Snapshot

August 29, 2023 | markets.businessinsider.com

JOYY Reports Second Quarter 2023 Results: US$155.1 Million Net Profit and Sustained User Growth

August 29, 2023 | finance.yahoo.com

JOYY Reports Second Quarter 2023 Unaudited Financial Results

August 28, 2023 | seekingalpha.com

JOYY Q2 2023 Earnings Preview

August 28, 2023 | benzinga.com

JOYY's Earnings Outlook

August 22, 2023 | finance.yahoo.com

JOYY to Announce Second Quarter 2023 Financial Results on August 29, 2023

August 19, 2023 | benzinga.com

NATIONALLY RANKED ROSEN LAW FIRM Encourages JOYY Inc. Investors to Inquire About Securities Class Action Investigation - YY

August 6, 2023 | benzinga.com

ROSEN, LEADING TRIAL ATTORNEYS, Encourages JOYY Inc. Investors to Inquire About Securities Class Action Investigation – YY

August 4, 2023 | benzinga.com

YY LOSS ALERT: ROSEN, NATIONAL TRIAL LAWYERS, Encourages JOYY Inc. Investors to Inquire About Securities Class Action Investigation - YY

July 30, 2023 | finance.yahoo.com

Institutional investors are JOYY Inc.'s (NASDAQ:YY) biggest bettors and were rewarded after last week's US$148m market cap gain

July 23, 2023 | benzinga.com

ROSEN, SKILLED INVESTOR COUNSEL, Encourages JOYY Inc. Investors to Inquire About Securities Class Action Investigation – YY

See More Headlines

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YY Company Calendar

Ex-Dividend for 7/5 Dividend: 6/20/2023
Dividend Payable: 7/05/2023
Last Earnings: 8/29/2023
Ex-Dividend for 10/13 Dividend: 9/25/2023
Today: 10/01/2023
Dividend Payable: 10/13/2023
Next Earnings (Estimated): 11/27/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:YY
CUSIP: N/A
CIK: 1530238
Web: www.huanju.cn
Phone: 65-6351-9330
Fax: 86-20-8212-0887
Employees: 6,681
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $41.50
High Stock Price Forecast: $49.00
Low Stock Price Forecast: $30.00
Forecasted Upside/Downside: +8.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.27
Trailing P/E Ratio: 11.65
Forward P/E Ratio: 17.89
P/E Growth: N/A
Net Income: $128.89 million
Net Margins: 13.81%
Pretax Margin: 32.09%
Return on Equity: 4.60%
Return on Assets: 2.79%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.37
Quick Ratio: 1.37

Sales & Book Value

Annual Sales: $2.41 billion
Price / Sales: 0.98
Cash Flow: $4.67 per share
Price / Cash Flow: 8.16
Book Value: $77.71 per share
Price / Book: 0.49

Miscellaneous

Outstanding Shares: 61,990,000
Free Float: 35,335,000
Market Cap: $2.36 billion
Optionable: Optionable
Beta: 0.62

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Key Executives

Mr. Xueling Li (Age 50)
Co-Founder, Chairman & CEO

Mr. Fuyong Liu (Age 39)
VP of Fin.

Ms. Ting Li (Age 40)
Chief Operating Officer

Ms. Tingzhen Xie
Investor Relations Sr. Mang.

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

YY Stock - Frequently Asked Questions

Should I buy or sell JOYY stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for JOYY in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" YY shares.
View YY analyst ratings or view top-rated stocks.
What is JOYY's stock price forecast for 2023?: 5 analysts have issued twelve-month price objectives for JOYY's shares. Their YY share price forecasts range from $30.00 to $49.00. On average, they expect the company's share price to reach $41.50 in the next year. This suggests a possible upside of 8.9% from the stock's current price.
View analysts price targets for YY or view top-rated stocks among Wall Street analysts.
How have YY shares performed in 2023?: JOYY's stock was trading at $31.59 on January 1st, 2023. Since then, YY shares have increased by 20.6% and is now trading at $38.11.
View the best growth stocks for 2023 here.
Are investors shorting JOYY?: JOYY saw a increase in short interest in September. As of September 15th, there was short interest totaling 2,830,000 shares, an increase of 27.5% from the August 31st total of 2,220,000 shares. Based on an average daily volume of 487,700 shares, the days-to-cover ratio is currently 5.8 days. Approximately 6.2% of the company's stock are sold short.
View JOYY's Short Interest.
When is JOYY's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 27th 2023.
View our YY earnings forecast.
How were JOYY's earnings last quarter?: JOYY Inc. (NASDAQ:YY) released its quarterly earnings results on Tuesday, August, 29th. The information services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $0.10 by $1.10. The information services provider earned $547.33 million during the quarter, compared to analyst estimates of $540.69 million. JOYY had a trailing twelve-month return on equity of 4.60% and a net margin of 13.81%.
How often does JOYY pay dividends? What is the dividend yield for JOYY?: JOYY declared a quarterly dividend on Thursday, September 7th. Shareholders of record on Tuesday, September 26th will be given a dividend of $0.20 per share on Friday, October 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Monday, September 25th.
Read our dividend analysis for YY.
What ETFs hold JOYY's stock?: ETFs with the largest weight of JOYY (NASDAQ:YY) stock in their portfolio include First Trust S-Network Streaming and Gaming ETF (BNGE), Global X NASDAQ China Technology ETF (CHIC), Principal Millennial Global Growth ETF (GENY), Jacob Forward ETF (JFWD), iShares Virtual Work and Life Multisector ETF (IWFH), SoFi Be Your Own Boss ETF (BYOB), SoFi Be Your Own Boss ETF (GIGE) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO).

Is JOYY a good dividend stock?: JOYY (NASDAQ:YY) pays an annual dividend of $0.79 per share and currently has a dividend yield of 2.06%. The dividend payout ratio is 24.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, YY will have a dividend payout ratio of 28.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for YY.
What guidance has JOYY issued on next quarter's earnings?: JOYY updated its third quarter 2023 earnings guidance on Wednesday, August, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $537.00 million-$567.00 million, compared to the consensus revenue estimate of $572.55 million.
What other stocks do shareholders of JOYY own?: Based on aggregate information from My MarketBeat watchlists, some companies that other JOYY investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), Precision Drilling (PD) and NIC (EGOV).
What is JOYY's stock symbol?: JOYY trades on the NASDAQ under the ticker symbol "YY."
How do I buy shares of JOYY?: Shares of YY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is JOYY's stock price today?: One share of YY stock can currently be purchased for approximately $38.11.
How much money does JOYY make?: JOYY (NASDAQ:YY) has a market capitalization of $2.36 billion and generates $2.41 billion in revenue each year. The information services provider earns $128.89 million in net income (profit) each year or $3.27 on an earnings per share basis.
How many employees does JOYY have?: The company employs 6,681 workers across the globe.
How can I contact JOYY?: JOYY's mailing address is Building B-1 North Block of Wanda Plaza No. 79 Wanbo Er Road Nancun Town Panyu District, Guangzhou F4, 511442. The official website for the company is www.huanju.cn. The information services provider can be reached via phone at 65-6351-9330, via email at ir@yy.com, or via fax at 86-20-8212-0887.

This page (NASDAQ:YY) was last updated on 10/1/2023 by MarketBeat.com Staff

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