HUYA Stock Recent News

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HUYA Inc. (HUYA) Q3 2023 Earnings Call Transcript

-Earnings Webinar Scheduled for 7:00 a.m. ET on November 14, 2023- GUANGZHOU, China , Oct. 24, 2023 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced that it will report its third quarter 2023 unaudited financial results on Tuesday, November 14, 2023, before the open of U.S. markets.

JAKK, PAM, STIX, TTI and HUYA have been added to the Zacks Rank #1 (Strong Buy) List on September 26, 2023.

HUYA is still deeply undervalued with a 62% discount to net current asset value, 58% discount to net cash, and an absurdly negative enterprise value of -$628M. I wrote a previous article outlining the undervaluation, and shared my entry and exit points with my readers, with a total profit of 61% on the trade last year. Management is finally showing an effort to close the discount, with the recent announcement of a $100M share buyback authorization, representing 20% of the stock's market cap.

HUYA is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

A review of recent news relating to China's live streaming market points to potential regulatory tightening, which could be negative for HUYA Inc. But HUYA does have value creation levers relating to capital allocation, thanks to its substantial cash position of around $1.5 billion. After considering both the company's regulatory risks and value creation levers, I maintain my Hold rating for HUYA.

The world's foremost artificial intelligence stock trading algorithm, An-E, predicts that HUYA (NYSE: HUYA ) stock will gain 6.4% by May 30. An-E (pronounced Annie) has made this kind of prediction before.

-Earnings Call Scheduled for 8:00 a.m. ET on May 16 , 2023- GUANGZHOU, China , April 27, 2023  /PRNewswire/ – HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced that it will report its first quarter 2023 unaudited financial results on Tuesday, May 16, 2023, before the open of U.S. markets.

I have near-term concerns when it comes to Huya, Innovative Industrial Properties, and even the mighty Amazon. Huya has retreated on all fronts in 2022, but it trades at a surprisingly negative enterprise value.