HUYA (NYSE:HUYA) Hits New 52-Week High – Still a Buy?

HUYA Inc. Sponsored ADR (NYSE:HUYA)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $4.68 and last traded at $4.6350, with a volume of 1058328 shares traded. The stock had previously closed at $4.34.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HUYA shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HUYA in a research note on Monday, December 29th. HSBC upgraded shares of HUYA from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3.50.

HUYA Stock Up 6.8%

The firm’s 50 day simple moving average is $3.36 and its 200-day simple moving average is $3.25. The company has a market capitalization of $1.04 billion, a PE ratio of -51.49 and a beta of 0.87.

HUYA (NYSE:HUYA) last posted its earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. HUYA had a negative net margin of 2.63% and a positive return on equity of 0.73%. The business had revenue of $215.93 million for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the business posted $0.34 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts anticipate that HUYA Inc. Sponsored ADR will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On HUYA

Large investors have recently modified their holdings of the stock. Loomis Sayles & Co. L P raised its holdings in shares of HUYA by 327.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock valued at $36,000 after buying an additional 7,867 shares during the period. SG Americas Securities LLC raised its stake in shares of HUYA by 92.1% during the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock valued at $286,000 after purchasing an additional 41,138 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of HUYA by 10.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock worth $497,000 after purchasing an additional 14,456 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of HUYA by 8.6% in the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock valued at $817,000 after purchasing an additional 19,353 shares during the period. Institutional investors and hedge funds own 23.20% of the company’s stock.

HUYA Company Profile

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.