Let’s start up with the current stock price of Full Truck Alliance Co. Ltd. (YMM), which is $7.32 to be very precise. The Stock rose vividly during the last session to $7.73 after opening rate of $7.175 while the lowest price it went was recorded $7.07 before closing at $7.46.Recently in News on March 8, 2023, Full Truck Alliance Co. Ltd. Announces Substantial Completion of Independent Investigation. Full Truck Alliance Co. Ltd. (“FTA” or the “Company”) (NYSE: YMM), a leading digital freight platform, today announced that the Audit Committee of the Board of Directors (the “Audit Committee”) has substantially completed an independent investigation (the “Independent Investigation”) of the key allegations raised by a report issued by J Capital Research USA LLC, a short seller, on January 24, 2023 (the “J Capital Report”). The Audit Committee retained professional advisors that have no prior relationship with the Company, including an international law firm and forensic accounting experts from a Big-Four accounting firm, to assist in the Independent Investigation. You can read further details here
Full Truck Alliance Co. Ltd. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $10.18 on 01/17/23, with the lowest value was $4.56 for the same time period, recorded on 04/28/22.
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Full Truck Alliance Co. Ltd. (YMM) full year performance was 41.41%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Full Truck Alliance Co. Ltd. shares are logging -28.05% during the 52-week period from high price, and 77.79% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $4.12 and $10.18.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 7708963 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Full Truck Alliance Co. Ltd. (YMM) recorded performance in the market was -8.44%, having the revenues showcasing -17.79% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 8.42B, as it employees total of 7103 workers.
Specialists analysis on Full Truck Alliance Co. Ltd. (YMM)
During the last month, 7 analysts gave the Full Truck Alliance Co. Ltd. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 1 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 7.53, with a change in the price was noted +1.28. In a similar fashion, Full Truck Alliance Co. Ltd. posted a movement of +21.73% for the period of last 100 days, recording 7,486,088 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for YMM is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Trends and Technical analysis: Full Truck Alliance Co. Ltd. (YMM)
Raw Stochastic average of Full Truck Alliance Co. Ltd. in the period of last 50 days is set at 15.69%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 29.32%. In the last 20 days, the company’s Stochastic %K was 35.91% and its Stochastic %D was recorded 40.86%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -8.44%. Additionally, trading for the stock in the period of the last six months notably improved by 2.59%, alongside a boost of 41.41% for the period of the last 12 months. The shares increased approximately by -10.23% in the 7-day charts and went down by 4.20% in the period of the last 30 days. Common stock shares were lifted by -17.79% during last recorded quarter.