HUYA Stock Recent News
HUYA LATEST HEADLINES
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Penny stocks often hold excitement and are attached with the potential to deliver outsized returns. These stocks are typically priced under $5 per share.
Signs of a recovery in the world's second largest economy continue to emerge. The Chinese housing sector continues to rebound.
HUYA's pivot towards game-related services is progressing well as evidenced by the +138% YoY increase in this business' revenue for Q1. The company has spent close to $20 million on buybacks for each of the last two quarters, and I estimate a high-single digit percentage potential buyback yield for HUYA. I retain a Buy rating for HUYA, following an analysis of the company's share repurchases and strategic pivot.
HUYA's focus on increasing the monetization of its game promotion business can increase margins and drive profitable growth going forward. Improved profitability and earnings growth over the long term would likely drive the stock higher. HUYA is trading below book value, indicating plenty of upside for the stock.
Here is how HUYA Inc. Sponsored ADR (HUYA) and MakeMyTrip (MMYT) have performed compared to their sector so far this year.
HUYA (HUYA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Finding profitable investing possibilities in today's frenetic stock market is like discovering buried jewels. Three treasures likely to attract Wall Street's interest and provide intelligent investors with considerable rewards.
HUYA Inc. Sponsored ADR (HUYA) closed the most recent trading day at $4.43, moving +0.45% from the previous trading session.
HUYA Inc. Sponsored ADR (HUYA) concluded the recent trading session at $4.41, signifying no movement from its prior day's close.