Full Truck Alliance (NYSE:YMM) Sets New 1-Year Low – Time to Sell?

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

Analyst Upgrades and Downgrades

YMM has been the subject of several research reports. 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 target price on Full Truck Alliance in a report on Monday, January 12th. Daiwa Securities Group cut Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research note 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 target on the stock in a research report on Wednesday. Finally, Weiss Ratings cut shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Two 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, the stock has a consensus rating of “Hold” and an average price target of $11.43.

Full Truck Alliance Stock Performance

The firm has a market cap of $8.57 billion, a P/E ratio of 13.66 and a beta of 0.28. The business’s 50-day simple moving average is $9.18 and its 200 day simple moving average is $10.91.

Full Truck Alliance (NYSE:YMM) last released its quarterly 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 during the quarter. Full Truck Alliance had a return on equity of 11.33% and a net margin of 35.22%. As a group, equities research analysts expect 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 disclosed a dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th will be given a dividend of $0.084 per share. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a dividend yield of 203.0%. Full Truck Alliance’s payout ratio is presently 26.67%.

Hedge Funds Weigh In On Full Truck Alliance

A number of institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in shares of Full Truck Alliance by 172.4% in the first quarter. Royal Bank of Canada now owns 34,765 shares of the company’s stock worth $444,000 after purchasing an additional 22,001 shares in the last quarter. Geode Capital Management LLC grew its stake in Full Truck Alliance by 11.6% during the second quarter. Geode Capital Management LLC now owns 159,770 shares of the company’s stock valued at $1,887,000 after acquiring an additional 16,591 shares in the last quarter. Invesco Ltd. increased its holdings in Full Truck Alliance by 5.3% in the 2nd quarter. Invesco Ltd. now owns 32,594,356 shares of the company’s stock valued at $384,939,000 after acquiring an additional 1,628,785 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Full Truck Alliance by 274.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock valued at $46,000 after acquiring an additional 2,845 shares during the last quarter. Finally, Oaktree Capital Management LP purchased a new stake in Full Truck Alliance in the 2nd quarter worth $21,758,000. 39.02% of the stock is owned by institutional investors.

Full Truck Alliance Company Profile

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.