Tuya (NYSE:TUYA) Hits New 12-Month Low – What’s Next?

Shares of Tuya Inc. Sponsored ADR (NYSE:TUYA) reached a new 52-week low on Thursday . The stock traded as low as $1.87 and last traded at $1.8650, with a volume of 785868 shares changing hands. The stock had previously closed at $1.93.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TUYA. Jefferies Financial Group reissued a “buy” rating and issued a $3.69 target price on shares of Tuya in a report on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Tuya in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Tuya presently has an average rating of “Moderate Buy” and a consensus target price of $3.69.

Tuya Stock Down 2.8%

The stock has a market capitalization of $1.02 billion, a P/E ratio of 18.75 and a beta of 0.43. The firm’s fifty day moving average is $2.22 and its 200-day moving average is $2.25. The company has a current ratio of 6.94, a quick ratio of 6.65 and a debt-to-equity ratio of 0.01.

Tuya (NYSE:TUYA) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.03 EPS for the quarter. The firm had revenue of $80.88 million for the quarter. Tuya had a net margin of 19.10% and a return on equity of 6.20%. As a group, equities research analysts predict that Tuya Inc. Sponsored ADR will post 0.1 earnings per share for the current year.

Tuya Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 21st. Stockholders of record on Wednesday, March 18th were paid a $0.0605 dividend. The ex-dividend date was Wednesday, March 18th.

Institutional Investors Weigh In On Tuya

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Tuya during the 1st quarter valued at $128,000. Natixis Advisors LLC bought a new position in Tuya in the 3rd quarter valued at $246,000. Goldman Sachs Group Inc. boosted its stake in Tuya by 75.2% in the first quarter. Goldman Sachs Group Inc. now owns 368,011 shares of the company’s stock worth $1,115,000 after purchasing an additional 157,978 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Tuya by 45.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 816,519 shares of the company’s stock worth $2,474,000 after purchasing an additional 256,418 shares in the last quarter. 11.47% of the stock is currently owned by institutional investors.

Tuya Company Profile

Tuya Inc is a global Internet of Things (IoT) platform provider that enables brands, OEMs and developers to create smart products and solutions. The company offers a suite of cloud services, connectivity modules and software development kits designed to support the full lifecycle of IoT devices. Tuya’s platform is built to facilitate rapid prototyping, secure device management and scalable data analytics, with an emphasis on interoperable solutions for smart homes, commercial buildings and industrial applications.

At the core of Tuya’s offering is its IoT operating system, which integrates device hardware, network protocols and application-level services into a unified framework.