Tuya Inc. (NYSE:TUYA - Get Free Report) fell 3.1% during mid-day trading on Monday . The stock traded as low as $1.53 and last traded at $1.54. 64,828 shares were traded during mid-day trading, a decline of 76% from the average session volume of 272,554 shares. The stock had previously closed at $1.59.
Tuya Stock Performance
The stock has a market capitalization of $786.84 million, a price-to-earnings ratio of -19.50 and a beta of 0.34. The firm has a fifty day moving average of $1.61 and a 200-day moving average of $1.75.
Tuya (NYSE:TUYA - Get Free Report) last announced its quarterly earnings results on Monday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Tuya had a negative return on equity of 2.82% and a negative net margin of 17.53%. The firm had revenue of $61.66 million during the quarter, compared to the consensus estimate of $54.66 million. On average, analysts predict that Tuya Inc. will post -0.03 EPS for the current year.
Hedge Funds Weigh In On Tuya
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TUYA. Carmignac Gestion lifted its position in shares of Tuya by 24.2% during the fourth quarter. Carmignac Gestion now owns 4,890,200 shares of the company's stock worth $11,247,000 after purchasing an additional 952,100 shares during the last quarter. IvyRock Asset Management HK Ltd acquired a new position in shares of Tuya during the fourth quarter valued at approximately $322,000. Russell Investments Group Ltd. acquired a new position in shares of Tuya during the fourth quarter valued at approximately $73,000. California Public Employees Retirement System increased its stake in shares of Tuya by 10.5% during the fourth quarter. California Public Employees Retirement System now owns 459,742 shares of the company's stock valued at $1,057,000 after acquiring an additional 43,778 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Tuya by 139.3% during the first quarter. Acadian Asset Management LLC now owns 418,138 shares of the company's stock valued at $727,000 after acquiring an additional 243,423 shares during the period. 11.47% of the stock is owned by hedge funds and other institutional investors.
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.
See Also
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 "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
