Yuanbao (NASDAQ:YB) Stock Jumps 5% – Time to Buy?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) shot up 5% during trading on Friday. The company traded as high as $11.27 and last traded at $11.6340. Approximately 11,642 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 42,334 shares. The stock had previously closed at $11.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $21.80.

Yuanbao Price Performance

The company has a market capitalization of $524.51 million, a PE ratio of 2.59 and a beta of 0.56. The stock’s 50 day simple moving average is $12.98 and its 200-day simple moving average is $14.55.

Yuanbao (NASDAQ:YB) last posted its quarterly earnings data on Friday, September 11th. The company reported $1.26 EPS for the quarter. The business had revenue of $204.92 million during the quarter. Yuanbao had a net margin of 29.91% and a return on equity of 43.75%.

Hedge Funds Weigh In On Yuanbao

An institutional investor recently bought a new stake in Yuanbao stock. Royal Bank of Canada bought a new stake in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,079 shares of the company’s stock, valued at approximately $72,000.

Yuanbao Company Profile

Yuanbao Inc (NASDAQ: YB) is a China-based insurance technology company that operates a digital platform for the distribution of insurance products. The company uses online tools and data-driven technology to connect consumers with insurance coverage and support insurance agents in serving customers.

Yuanbao’s business primarily focuses on life and health insurance products, along with other types of coverage available through its platform. Its services are designed to help users learn about insurance options, compare products, complete applications and receive policy-related support.