Full Truck Alliance Co. Ltd. (NYSE:YMM - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $9.40, but opened at $9.01. Full Truck Alliance shares last traded at $8.98, with a volume of 1,347,338 shares changing hands.
Analysts Set New Price Targets
Separately, Barclays decreased 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.
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Full Truck Alliance Stock Performance
The business has a 50 day moving average of $7.94 and a two-hundred day moving average of $8.19. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of 27.50 and a beta of 0.23.
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, beating analysts' consensus estimates of $0.11 by $0.01. The firm had revenue of $380.38 million during 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%. On average, equities analysts predict that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Tobam purchased a new position in Full Truck Alliance in the second quarter valued at about $35,000. Blue Trust Inc. bought a new position in Full Truck Alliance during the second quarter valued at $38,000. Atomi Financial Group Inc. increased its position in Full Truck Alliance by 12.4% in the second quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company's stock worth $97,000 after buying an additional 1,329 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Full Truck Alliance by 34.0% in the first quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company's stock valued at $98,000 after buying an additional 3,421 shares during the period. Finally, Scientech Research LLC purchased a new position in shares of Full Truck Alliance during the 2nd quarter valued at $156,000. Hedge funds and other institutional investors own 39.02% of the company's stock.
Full Truck Alliance Company Profile
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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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