Full Truck Alliance (NYSE:YMM) Shares Gap Down - Time to Sell?

Full Truck Alliance Co. Ltd. (NYSE:YMM - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $9.79, but opened at $9.39. Full Truck Alliance shares last traded at $9.57, with a volume of 2,242,782 shares traded.

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 on the stock in a research report on Friday, August 23rd.

Full Truck Alliance Trading Down 3.0 %

The firm has a market capitalization of $10.01 billion, a P/E ratio of 29.69 and a beta of 0.23. The company has a 50-day moving average of $7.61 and a 200-day moving average of $8.05.

Full Truck Alliance (NYSE:YMM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $380.38 million during the quarter, compared to the consensus estimate of $369.24 million. Full Truck Alliance had a return on equity of 7.88% and a net margin of 26.80%. Research analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current year.

Institutional Investors Weigh In On Full Truck Alliance

A number of institutional investors have recently modified their holdings of the company. Barometer Capital Management Inc. acquired a new position in Full Truck Alliance in the fourth quarter valued at $122,000. Virtu Financial LLC bought a new stake in shares of Full Truck Alliance during the 4th quarter valued at about $203,000. Mubadala Investment Co PJSC acquired a new stake in Full Truck Alliance during the fourth quarter worth approximately $80,709,000. Vanguard Group Inc. grew its stake in Full Truck Alliance by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,527,565 shares of the company's stock worth $178,948,000 after purchasing an additional 163,328 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Full Truck Alliance in the fourth quarter worth approximately $229,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Company Profile

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.