JOYY (YY) Stock Plunge With Market Gains: What You Should Know – News Couple

JOYY (YY) Stock Plunge With Market Gains: What You Should Know

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In the last trading session, JOYY (YY) closed at $48.45, recording a -0.12% move from the previous day. This change delayed the S&P 500’s gain of 0.37% on the day.

– Zacks

Heading into the day, the social media company’s shares have lost 11.74% over the past month, lagging the computer and technology sector’s 10.79% gain and the S&P 500’s 8.94% gain in that time.

YY will be looking to show strength as it nears its next earnings release. In this report, analysts expect YY to report earnings of $0.03 per share. This would represent a year over year decline of 97.71%.

Zacks consensus estimates call for full-year YY earnings — $0.43 per share on revenue of $2.57 billion. These results will represent annual changes of +80.28% and -22.98%, respectively.

It is also important to note the recent changes in analyst estimates for YY. These reviews help show the ever-changing nature of near-term business trends. As a result, we can interpret positive rating reviews as a good sign of the company’s business outlook.

Research indicates that these discretionary revisions are directly related to the stock’s near-term price momentum. We developed Zacks Rank to take advantage of this phenomenon. Our system takes these discretionary changes into account and provides a clear and actionable rating model.

The Zacks Rank system ranges from #1 (strong buy) to #5 (strong sell). The company has a proven track record of success, subject to external scrutiny, with the No. 1 stock generating an average annual return of over 25% since 1988. In the past 30 days, our EPS aligned forecast is up 56.17%. YY currently has a Zacks rating of 3 (Hold).

The Internet service industry is part of the computer and technology sector. This group has a Zacks Industry Rating of 147, placing it in the bottom 43% of all 250+ industries.

Zacks Industry Ranks are listed in order from best to worst in terms of the average Zacks rating of individual companies in each of these sectors. Our research shows that the top 50% ranked industries outperform the bottom half by a factor of 2 to 1.

To follow YY in upcoming trading sessions, be sure to use

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