HUYA (NYSE:HUYA) Reaches New 1-Year Low – What’s Next?

HUYA Inc. (NYSE:HUYA)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $2.88 and last traded at $2.89, with a volume of 1326795 shares. The stock had previously closed at $3.02.

Analyst Ratings Changes

HUYA has been the topic of several research analyst reports. Citigroup decreased their target price on shares of HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. HSBC reissued a “hold” rating and set a $4.70 price target on shares of HUYA in a research report on Friday, October 11th. Bank of America downgraded shares of HUYA from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $5.80 to $4.00 in a report on Wednesday, November 6th. Finally, Hsbc Global Res lowered HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.68.

HUYA Stock Performance

The stock has a fifty day moving average price of $3.12 and a 200-day moving average price of $3.87. The firm has a market cap of $649.69 million, a PE ratio of -31.89 and a beta of 0.62.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.30. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. As a group, equities analysts predict that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC bought a new stake in HUYA in the second quarter worth about $291,000. Los Angeles Capital Management LLC purchased a new stake in shares of HUYA during the 2nd quarter worth about $360,000. Headlands Technologies LLC bought a new position in HUYA during the second quarter valued at approximately $205,000. Dimensional Fund Advisors LP lifted its stake in shares of HUYA by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,066,613 shares of the company’s stock valued at $4,209,000 after purchasing an additional 21,338 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of HUYA in the second quarter worth about $2,052,000. 23.20% of the stock is owned by institutional investors and hedge funds.

HUYA Company Profile

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.