Yuanbao (NASDAQ:YB) Sets New 52-Week Low – Time to Sell?

Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) reached a new 52-week low during trading on Monday. The stock traded as low as $10.96 and last traded at $10.96, with a volume of 12,749 shares changing hands. The stock had previously closed at $11.20.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a research 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. According to data from MarketBeat, Yuanbao presently has an average rating of “Reduce” and a consensus price target of $21.80.

Yuanbao Stock Up 4.5%

The stock has a market cap of $511.66 million, a P/E ratio of 2.41 and a beta of 0.67. The company has a 50-day simple moving average of $12.30 and a two-hundred day simple moving average of $15.53.

Yuanbao (NASDAQ:YB) last issued its earnings results on Friday, September 11th. The company reported $1.26 earnings per share (EPS) for the quarter. Yuanbao had a net margin of 29.91% and a return on equity of 43.75%. The firm had revenue of $204.92 million for the quarter.

Institutional Investors Weigh In On Yuanbao

An institutional investor recently bought a new stake in Yuanbao stock. Royal Bank of Canada acquired a new stake in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,079 shares of the company’s stock, valued at approximately $72,000.

About Yuanbao

Yuanbao Inc (NASDAQ: YB) is a China-based technology-driven insurance distribution company. The company operates an online platform that connects consumers with insurance products offered by third-party insurance carriers.

Yuanbao’s platform primarily focuses on personal protection products, including health, life, accident and other insurance offerings. Its services are designed to help customers compare, purchase and manage policies through digital channels, while using data and technology to support product distribution and customer service.

The company primarily serves customers in China through online platforms and mobile applications.