Full Truck Alliance (NYSE:YMM) Hits New 12-Month Low – Time to Sell?

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $9.39 and last traded at $9.6250, with a volume of 1799982 shares changing hands. The stock had previously closed at $9.53.

Analysts Set New Price Targets

Several brokerages recently issued reports on YMM. Barclays cut their price target on Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 19th. JPMorgan Chase & Co. lowered Full Truck Alliance from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $11.00 to $8.00 in a report on Monday, January 12th. Weiss Ratings cut Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. iA Financial set a $8.00 price objective on shares of Full Truck Alliance in a research report on Monday, January 12th. Finally, Jefferies Financial Group set a $13.00 price objective on shares of Full Truck Alliance in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.71.

Full Truck Alliance Trading Down 0.5%

The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 17.90 and a beta of 0.22. The business’s 50 day moving average price is $10.54 and its two-hundred day moving average price is $11.72.

Institutional Investors Weigh In On Full Truck Alliance

A number of hedge funds and other institutional investors have recently bought and sold shares of YMM. Schroder Investment Management Group increased its position in Full Truck Alliance by 2,789.6% in the 3rd quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock valued at $432,330,000 after acquiring an additional 32,179,501 shares during the period. First Beijing Investment Ltd grew 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 acquiring an additional 29,150,926 shares during the period. Invesco Ltd. increased its stake in Full Truck Alliance by 66.4% during the 3rd quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock valued at $703,277,000 after purchasing an additional 21,628,993 shares in the last quarter. Capital International Investors acquired a new stake in shares of Full Truck Alliance in the 3rd quarter worth about $188,227,000. Finally, Norges Bank bought a new position in shares of Full Truck Alliance in the second quarter valued at approximately $134,623,000. 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.