Full Truck Alliance Co. Ltd. (NYSE:YMM - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $10.30 and last traded at $10.30, with a volume of 103170 shares traded. The stock had previously closed at $10.03.
Wall Street Analysts Forecast Growth
Separately, Barclays cut their target price on shares of Full Truck Alliance from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Friday, August 23rd.
Get Our Latest Analysis on YMM
Full Truck Alliance Trading Down 0.7 %
The business's 50 day moving average is $7.68 and its two-hundred day moving average is $8.10. The company has a market cap of $10.49 billion, a PE ratio of 31.72 and a beta of 0.23.
Full Truck Alliance (NYSE:YMM - Get Free Report) last released its earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $380.38 million for the quarter, compared to analysts' expectations of $369.24 million. Full Truck Alliance had a net margin of 26.80% and a return on equity of 7.88%. As a group, equities research analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal year.
Institutional Trading of Full Truck Alliance
Hedge funds have recently bought and sold shares of the stock. Barometer Capital Management Inc. purchased a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $122,000. Virtu Financial LLC purchased a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $203,000. Mubadala Investment Co PJSC purchased a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $80,709,000. Vanguard Group Inc. raised its position in shares of Full Truck Alliance by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,527,565 shares of the company's stock valued at $178,948,000 after buying an additional 163,328 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $229,000. Hedge funds and other institutional investors own 39.02% of the company's stock.
About Full Truck Alliance
(
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Full 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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