Tuya (NYSE:TUYA) Sets New 1-Year Low – Time to Sell?

Tuya Inc. Sponsored ADR (NYSE:TUYA)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $1.91 and last traded at $1.9350, with a volume of 675318 shares traded. The stock had previously closed at $2.01.

Wall Street Analyst Weigh In

TUYA has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Tuya in a research report on Wednesday, April 22nd. Jefferies Financial Group reissued a “buy” rating and set a $3.69 price objective on shares of Tuya in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Tuya currently has a consensus rating of “Moderate Buy” and an average target price of $3.69.

Tuya Stock Performance

The company has a quick ratio of 6.65, a current ratio of 6.94 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.05 billion, a PE ratio of 19.35 and a beta of 0.43. The stock’s 50 day simple moving average is $2.28 and its two-hundred day simple moving average is $2.26.

Tuya (NYSE:TUYA) last issued its earnings results on Tuesday, March 31st. The company reported $0.03 EPS for the quarter. The business had revenue of $80.88 million for the quarter. Tuya had a net margin of 19.10% and a return on equity of 6.20%. As a group, research analysts anticipate that Tuya Inc. Sponsored ADR will post 0.1 earnings per share for the current year.

Tuya Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, April 21st. Stockholders of record on Wednesday, March 18th were given a $0.0605 dividend. The ex-dividend date was Wednesday, March 18th. Tuya’s dividend payout ratio (DPR) is presently 40.00%.

Institutional Trading of Tuya

Several hedge funds have recently bought and sold shares of TUYA. Goldman Sachs Group Inc. raised its position in shares of Tuya by 75.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 368,011 shares of the company’s stock worth $1,115,000 after buying an additional 157,978 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Tuya by 45.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 816,519 shares of the company’s stock worth $2,474,000 after acquiring an additional 256,418 shares in the last quarter. New York State Common Retirement Fund purchased a new position in Tuya during the third quarter valued at approximately $51,000. SBI Securities Co. Ltd. lifted its stake in Tuya by 329.9% in the third quarter. SBI Securities Co. Ltd. now owns 29,480 shares of the company’s stock valued at $73,000 after acquiring an additional 22,622 shares during the last quarter. Finally, Natixis Advisors LLC acquired a new stake in Tuya in the third quarter valued at approximately $246,000. 11.47% of the stock is currently owned by institutional investors.

Tuya Company Profile

Tuya Inc is a global Internet of Things (IoT) platform provider that enables brands, OEMs and developers to create smart products and solutions. The company offers a suite of cloud services, connectivity modules and software development kits designed to support the full lifecycle of IoT devices. Tuya’s platform is built to facilitate rapid prototyping, secure device management and scalable data analytics, with an emphasis on interoperable solutions for smart homes, commercial buildings and industrial applications.

At the core of Tuya’s offering is its IoT operating system, which integrates device hardware, network protocols and application-level services into a unified framework.