Full Truck Alliance (NYSE:YMM) Hits New 1-Year Low – What’s Next?

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.39 and last traded at $9.4450, with a volume of 1722604 shares changing hands. The stock had previously closed at $9.61.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. downgraded Full Truck Alliance from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $11.00 to $8.00 in a report on Monday, January 12th. Jefferies Financial Group set a $13.00 price objective on shares of Full Truck Alliance in a research note on Monday, November 17th. Barclays decreased their target price on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 19th. Weiss Ratings downgraded shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Finally, iA Financial set a $8.00 price objective on shares of Full Truck Alliance in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.71.

Full Truck Alliance Stock Performance

The firm has a market cap of $9.88 billion, a price-to-earnings ratio of 17.83 and a beta of 0.22. The business’s 50 day moving average price is $10.34 and its 200-day moving average price is $11.67.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Compound Planning Inc. grew its holdings in shares of Full Truck Alliance by 7.0% in the 3rd quarter. Compound Planning Inc. now owns 15,948 shares of the company’s stock worth $207,000 after acquiring an additional 1,048 shares during the last quarter. CI Investments Inc. lifted its holdings in shares of Full Truck Alliance by 10.7% during the third quarter. CI Investments Inc. now owns 10,924 shares of the company’s stock valued at $142,000 after purchasing an additional 1,052 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Full Truck Alliance by 0.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 248,174 shares of the company’s stock valued at $3,219,000 after purchasing an additional 1,410 shares during the period. Parnassus Investments LLC increased its stake in Full Truck Alliance by 7.1% in the 4th quarter. Parnassus Investments LLC now owns 23,076 shares of the company’s stock worth $248,000 after purchasing an additional 1,529 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Full Truck Alliance by 150.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock worth $32,000 after purchasing an additional 1,762 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

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.