Full Truck Alliance (NYSE:YMM) Hits New 1-Year High at $9.72

Full Truck Alliance Co. Ltd. (NYSE:YMM)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $9.72 and last traded at $9.64, with a volume of 3121804 shares trading hands. The stock had previously closed at $9.20.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their price objective on shares of Full Truck Alliance from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd.

Full Truck Alliance Price Performance

The firm has a market cap of $10.18 billion, a price-to-earnings ratio of 28.75 and a beta of 0.20. The firm’s fifty day moving average is $7.52 and its 200-day moving average is $8.02.

Full Truck Alliance (NYSE:YMM) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Full Truck Alliance had a return on equity of 7.88% and a net margin of 26.80%. The business had revenue of $380.38 million for the quarter, compared to the consensus estimate of $369.24 million. As a group, equities research analysts anticipate that Full Truck Alliance Co. Ltd. will post 0.41 EPS for the current year.

Institutional Investors Weigh In On Full Truck Alliance

Institutional investors and hedge funds have recently made changes to their positions in the business. Tobam purchased a new stake in Full Truck Alliance in the 2nd quarter valued at about $35,000. Blue Trust Inc. purchased a new stake in Full Truck Alliance in the 2nd quarter valued at about $38,000. Atomi Financial Group Inc. increased its stake in Full Truck Alliance by 12.4% in the 2nd quarter. Atomi Financial Group Inc. now owns 12,052 shares of the company’s stock valued at $97,000 after buying an additional 1,329 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Full Truck Alliance by 34.0% in the 1st quarter. Advisors Asset Management Inc. now owns 13,471 shares of the company’s stock valued at $98,000 after buying an additional 3,421 shares during the last quarter. Finally, Barometer Capital Management Inc. purchased a new stake in Full Truck Alliance in the 4th quarter valued at about $122,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

About Full Truck Alliance

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.