Full Truck Alliance (NYSE:YMM) Hits New 1-Year Low – Here’s Why

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)’s share price reached a new 52-week low on Thursday . The stock traded as low as $8.09 and last traded at $8.1250, with a volume of 2983343 shares traded. The stock had previously closed at $8.35.

Analysts Set New Price Targets

A number of research analysts recently weighed in on YMM shares. JPMorgan Chase & Co. lowered Full Truck Alliance from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $11.00 to $8.00 in a research 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. Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. iA Financial set a $8.00 price target on Full Truck Alliance in a research report on Monday, January 12th. Finally, Daiwa Securities Group cut shares of Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research note on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.43.

Full Truck Alliance Price Performance

The company has a market cap of $8.50 billion, a P/E ratio of 13.54 and a beta of 0.23. The company’s 50-day moving average is $9.41 and its two-hundred day moving average is $11.16.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Full Truck Alliance had a return on equity of 11.33% and a net margin of 35.22%.The business had revenue of $456.32 million for the quarter, compared to analysts’ expectations of $3.13 billion. Equities research analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.46 EPS for the current year.

Full Truck Alliance Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th will be issued a dividend of $0.084 per share. This represents a dividend yield of 203.0%. The ex-dividend date of this dividend is Wednesday, April 8th. Full Truck Alliance’s dividend payout ratio is presently 26.67%.

Hedge Funds Weigh In On Full Truck Alliance

A number of hedge funds have recently bought and sold shares of the business. Amiral Gestion boosted its holdings in shares of Full Truck Alliance by 106.8% during the 3rd quarter. Amiral Gestion now owns 455,000 shares of the company’s stock valued at $5,901,000 after acquiring an additional 235,000 shares during the last quarter. Capital International Investors bought a new position in Full Truck Alliance during the third quarter valued at approximately $188,227,000. Alkeon Capital Management LLC lifted its position in Full Truck Alliance by 5.7% during the second quarter. Alkeon Capital Management LLC now owns 14,698,535 shares of the company’s stock valued at $173,590,000 after purchasing an additional 790,000 shares during the period. Nordea Investment Management AB purchased a new stake in Full Truck Alliance in the third quarter worth approximately $22,237,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position 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 purchasing an additional 4,611,050 shares during the period. Hedge funds and other 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.