Yuanbao (NASDAQ:YB) Stock Price Up 5% – Still a Buy?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) shares rose 5% on Friday. The stock traded as high as $11.27 and last traded at $11.6340. 11,642 shares traded hands during trading, a decline of 72% from the average daily volume of 42,334 shares. The stock had previously closed at $11.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s 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 4.0%

The firm has a 50 day moving average of $12.94 and a two-hundred day moving average of $14.52. The firm has a market capitalization of $519.32 million, a price-to-earnings ratio of 2.56 and a beta of 0.56.

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

Institutional Investors Weigh In On Yuanbao

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

About Yuanbao

Yuanbao Inc (NASDAQ: YB) is a China-based insurance technology company that operates a digital platform for the distribution of insurance products. The company uses online tools and data-driven technology to connect consumers with insurance coverage and support insurance agents in serving customers.

Yuanbao’s business primarily focuses on life and health insurance products, along with other types of coverage available through its platform. Its services are designed to help users learn about insurance options, compare products, complete applications and receive policy-related support.