Full Truck Alliance Co. Ltd. (NYSE:YMM - Get Free Report) has been given an average rating of "Buy" by the six research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $13.25.
YMM has been the subject of a number of recent analyst reports. Citigroup upped their price objective on Full Truck Alliance from $13.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. HSBC assumed coverage on Full Truck Alliance in a research note on Wednesday, February 26th. They issued a "buy" rating and a $18.00 price target for the company. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and lifted their price objective for the stock from $12.00 to $13.00 in a research note on Wednesday, December 11th. Finally, Hsbc Global Res upgraded shares of Full Truck Alliance to a "strong-buy" rating in a report on Wednesday, February 26th.
View Our Latest Analysis on YMM
Full Truck Alliance Stock Up 1.3 %
YMM stock traded up $0.16 during midday trading on Friday, reaching $11.67. The company's stock had a trading volume of 3,862,001 shares, compared to its average volume of 7,232,455. The business's 50-day simple moving average is $11.49 and its 200-day simple moving average is $9.83. The stock has a market cap of $12.29 billion, a PE ratio of 27.77 and a beta of 0.25. Full Truck Alliance has a 52 week low of $5.70 and a 52 week high of $13.03.
Hedge Funds Weigh In On Full Truck Alliance
Institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in Full Truck Alliance during the 4th quarter worth approximately $64,000. Townsquare Capital LLC bought a new stake in shares of Full Truck Alliance during the fourth quarter worth $111,000. Wolverine Trading LLC acquired a new stake in shares of Full Truck Alliance during the fourth quarter worth $115,000. Vise Technologies Inc. bought a new stake in Full Truck Alliance in the 4th quarter valued at $130,000. Finally, Truist Financial Corp acquired a new position in Full Truck Alliance in the 4th quarter worth $143,000. Institutional investors own 39.02% of the company's stock.
Full Truck Alliance Company Profile
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Get Free ReportFull Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.
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