Full Truck Alliance (NYSE:YMM) Sets New 12-Month Low – Here’s What Happened

Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $8.59 and last traded at $8.6270, with a volume of 1008384 shares trading hands. The stock had previously closed at $8.73.

Analyst Ratings Changes

YMM has been the subject of several recent research reports. iA Financial set a $8.00 price target on Full Truck Alliance in a research report on Monday, January 12th. Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a research report on Thursday, March 12th. Daiwa Securities Group lowered Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a research note on Friday, March 13th. JPMorgan Chase & Co. downgraded shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and cut their target price for the company from $11.00 to $8.00 in a research note on Monday, January 12th. Finally, Weiss Ratings lowered 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, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.43.

Full Truck Alliance Price Performance

The firm has a market cap of $8.71 billion, a PE ratio of 13.88 and a beta of 0.23. The stock has a 50-day moving average price of $9.57 and a 200 day moving average price of $11.31.

Full Truck Alliance (NYSE:YMM) last released its earnings results on Thursday, March 12th. The company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Full Truck Alliance had a return on equity of 11.33% and a net margin of 35.22%.The firm had revenue of $456.32 million for the quarter, compared to the consensus estimate of $3.13 billion. As a group, equities research analysts anticipate that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of YMM. Caitong International Asset Management Co. Ltd grew its holdings in Full Truck Alliance by 150.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after purchasing an additional 1,762 shares during the period. Rockefeller Capital Management L.P. purchased a new position in Full Truck Alliance during the fourth quarter worth approximately $39,000. EverSource Wealth Advisors LLC raised its stake in Full Truck Alliance by 274.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after purchasing an additional 2,845 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Full Truck Alliance in the 3rd quarter valued at $51,000. Finally, Banque de Luxembourg S.A. purchased a new stake in shares of Full Truck Alliance during the 4th quarter valued at $44,000. 39.02% of the stock is currently owned by hedge funds and other 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.