Tuya (NYSE:TUYA) Trading Up 5.2% – Should You Buy?

Tuya Inc. Sponsored ADR (NYSE:TUYA)’s stock price rose 5.2% on Tuesday . The stock traded as high as $1.91 and last traded at $1.9150. 111,515 shares changed hands during trading, a decline of 92% from the average session volume of 1,396,756 shares. The stock had previously closed at $1.82.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Tuya in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3.69.

Tuya Stock Up 7.4%

The company has a current ratio of 6.94, a quick ratio of 6.65 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average price is $2.06 and its 200-day moving average price is $2.21. The company has a market cap of $1.06 billion, a P/E ratio of 19.55 and a beta of 0.45.

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

Tuya Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, April 21st. Shareholders of record on Wednesday, March 18th were paid a dividend of $0.0605 per share. The ex-dividend date was Wednesday, March 18th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TUYA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of 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 valued at $2,474,000 after buying an additional 256,418 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Tuya by 75.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 368,011 shares of the company’s stock worth $1,115,000 after acquiring an additional 157,978 shares during the last quarter. Natixis Advisors LLC acquired a new stake in shares of Tuya in the 3rd quarter worth about $246,000. Finally, SG Americas Securities LLC bought a new position in Tuya in the 1st quarter valued at about $128,000. Institutional investors and hedge funds own 11.47% of the company’s stock.

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.