Full Truck Alliance (NYSE:YMM) Sets New 12-Month Low – Here’s What Happened

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $8.04 and last traded at $8.1050, with a volume of 128891 shares trading hands. The stock had previously closed at $8.25.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Daiwa Securities Group lowered Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a report on Friday, March 13th. JPMorgan Chase & Co. upgraded Full Truck Alliance from an “underweight” rating to a “neutral” rating and set a $8.00 price objective for the company in a research note on Wednesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Weiss Ratings downgraded shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Finally, iA Financial set a $8.00 price target on shares of Full Truck Alliance in a research report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.43.

Full Truck Alliance Stock Down 1.5%

The firm has a 50-day simple moving average of $9.25 and a 200-day simple moving average of $10.97. The stock has a market cap of $8.50 billion, a PE ratio of 13.54 and a beta of 0.28.

Full Truck Alliance (NYSE:YMM) last posted its earnings results on Saturday, February 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $456.32 million for the quarter. Full Truck Alliance had a net margin of 35.22% and a return on equity of 11.33%. On average, research analysts expect that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.46 earnings per share for the current year.

Full Truck Alliance Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th will be issued a $0.084 dividend. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a dividend yield of 203.0%. Full Truck Alliance’s dividend payout ratio (DPR) is presently 23.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. First Beijing Investment Ltd raised its stake in Full Truck Alliance by 73.8% in the third quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock valued at $890,333,000 after purchasing an additional 29,150,926 shares in the last quarter. FIL Ltd increased its holdings in shares of Full Truck Alliance by 1.6% in the 4th quarter. FIL Ltd now owns 64,382,173 shares of the company’s stock worth $690,821,000 after buying an additional 1,040,793 shares during the last quarter. Invesco Ltd. raised its position in shares of Full Truck Alliance by 7.5% during the 4th quarter. Invesco Ltd. now owns 58,272,671 shares of the company’s stock valued at $625,266,000 after buying an additional 4,049,322 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Full Truck Alliance by 43.6% during the 4th quarter. Schroder Investment Management Group now owns 47,859,035 shares of the company’s stock valued at $513,527,000 after buying an additional 14,525,984 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Full Truck Alliance by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 33,004,634 shares of the company’s stock worth $354,140,000 after acquiring an additional 461,147 shares during the last quarter. 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.