Full Truck Alliance (NYSE:YMM) Hits New 1-Year Low – Should You Sell?

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $9.39 and last traded at $9.4450, with a volume of 1722604 shares changing hands. The stock had previously closed at $9.61.

Analyst Upgrades and Downgrades

YMM has been the topic of several analyst reports. JPMorgan Chase & Co. cut Full Truck Alliance from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $11.00 to $8.00 in a research report on Monday, January 12th. iA Financial set a $8.00 price target on Full Truck Alliance in a report on Monday, January 12th. Weiss Ratings downgraded Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Jefferies Financial Group set a $13.00 target price on Full Truck Alliance in a research report on Monday, November 17th. Finally, Morgan Stanley set a $14.00 price target on shares of Full Truck Alliance in a report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Full Truck Alliance currently has an average rating of “Hold” and a consensus target price of $12.71.

Full Truck Alliance Stock Down 0.1%

The firm has a market capitalization of $10.05 billion, a PE ratio of 18.12 and a beta of 0.22. The stock’s fifty day simple moving average is $10.23 and its 200 day simple moving average is $11.62.

Institutional Trading of Full Truck Alliance

Hedge funds have recently bought and sold shares of the stock. Amiral Gestion raised its stake in Full Truck Alliance by 106.8% during the 3rd quarter. Amiral Gestion now owns 455,000 shares of the company’s stock worth $5,901,000 after acquiring an additional 235,000 shares during the period. Alkeon Capital Management LLC lifted its stake in shares of Full Truck Alliance by 5.7% during the 2nd quarter. Alkeon Capital Management LLC now owns 14,698,535 shares of the company’s stock valued at $173,590,000 after buying an additional 790,000 shares in the last quarter. Nordea Investment Management AB bought a new position in Full Truck Alliance in the 3rd quarter worth $22,237,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in Full Truck Alliance by 76.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,647,830 shares of the company’s stock worth $138,102,000 after buying an additional 4,611,050 shares in the last quarter. Finally, Prudential PLC raised its holdings in Full Truck Alliance by 29.3% during the second quarter. Prudential PLC now owns 105,812 shares of the company’s stock valued at $1,250,000 after acquiring an additional 23,981 shares during the period. Institutional investors own 39.02% of the company’s stock.

About Full Truck Alliance

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.