Tuya (TUYA) Stock Price, News & Analysis

Company Overview

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. It also offers cloud-based software value-added services that provides end users with smart features, such as cloud storage; and Cube Smart Private Cloud Solution which enables conglomerates to build their own autonomous and controllable IoT platforms; and could-based services to businesses, developers, and end users to develop and manage IoT experiences. In addition, the company provides smart solutions for IoT devices that integrates software capabilities; and enables developers to activate an IoT ecosystem of brands, OEMs, partners, and end users to engage and communicate through a range of smart devices, as well as sells finished smart devices. It offers its solutions to smart home, smart business, renewable energy, education, agriculture, outdoors and sport, and entertainment industries. The company was incorporated in 2014 and is based in Hangzhou, the People's Republic of China.

Key Stats

• Today's Range: $1.55 to $1.64
• 50-Day Range: $1.30 to $1.84
• 52-Week Range: $1.28 to $2.50
• Volume: 541,898 shs
• Average Volume: 500,718 shs
• Market Capitalization: $812.07 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.70
• Consensus Rating: Buy

Tuya Stock Analysis - MarketRank™

Tuya scored higher than 45% of companies evaluated by MarketBeat, and ranked 473rd out of 657 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Tuya has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Tuya has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Tuya is -53.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tuya is -53.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Tuya has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.12% of the float of Tuya has been sold short.

Short Interest Ratio / Days to Cover

Tuya has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tuya has recently decreased by 3.67%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Tuya does not currently pay a dividend.

Dividend Growth

Tuya does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.12% of the float of Tuya has been sold short.

Short Interest Ratio / Days to Cover

Tuya has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tuya has recently decreased by 3.67%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: 0.31

News Sentiment

Tuya has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Tuya this week, compared to 6 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Tuya insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.10% of the stock of Tuya is held by insiders.

Percentage Held by Institutions

Only 11.47% of the stock of Tuya is held by institutions.

TUYA Stock Analysis - Frequently Asked Questions

How have TUYA shares performed this year?

Tuya's stock was trading at $2.30 at the beginning of the year. Since then, TUYA shares have decreased by 30.0% and is now trading at $1.61.
View the best growth stocks for 2024 here.

How were Tuya's earnings last quarter?

Tuya Inc. (NYSE:TUYA) posted its quarterly earnings data on Monday, August, 26th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business earned $73.28 million during the quarter, compared to analyst estimates of $69.36 million. Tuya had a negative trailing twelve-month return on equity of 0.65% and a negative net margin of 6.20%.

When did Tuya IPO?

Tuya (TUYA) raised $807 million in an initial public offering on Thursday, March 18th 2021. The company issued 43,600,000 shares at a price of $17.00-$20.00 per share. Morgan Stanley, BofA Securities and CICC acted as the underwriters for the IPO and Tiger Brokers and CMBI were co-managers.

Who are Tuya's major shareholders?

Top institutional shareholders of Tuya include State Street Corp (0.26%), Pinpoint Asset Management Ltd (0.19%), Jane Street Group LLC (0.14%) and Connor Clark & Lunn Investment Management Ltd. (0.13%).

How do I buy shares of Tuya?

Shares of TUYA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Tuya own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tuya investors own include Waste Connections (WCN), American Water Works (AWK), The RMR Group (RMR), AUO (AUOTY), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 8/26/2024
• Ex-Dividend for 10/15 Dividend: 9/11/2024
• Dividend Payable: 10/15/2024
• Today: 11/16/2024
• Next Earnings (Confirmed): 11/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NYSE:TUYA
• CUSIP: N/A
• CIK: 1829118
• Web: www.tuya.com
• Phone: 8605-71-8691-5981
• Fax: N/A
• Employees: 1,465
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $2.70
• High Stock Price Target: $2.70
• Low Stock Price Target: $2.70
• Potential Upside/Downside: +67.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.03)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-60,310,000.00
• Net Margins: -6.20%
• Pretax Margin: -5.28%
• Return on Equity: -0.65%
• Return on Assets: -0.59%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 10.02
• Quick Ratio: 9.69

Sales & Book Value

• Annual Sales: $229.99 million
• Price / Sales: 3.53
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.92 per share
• Price / Book: 0.84

Miscellaneous

• Outstanding Shares: 504,390,000
• Free Float: 493,795,000
• Market Cap: $812.07 million
• Optionable: Optionable
• Beta: 0.37