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Yalla Group Limited Announces Unaudited Third Quarter 2024 Financial Results
PRNewswire (Mon, 11-Nov 5:00 PM ET)
Yalla Group Limited to Report Third Quarter 2024 Financial Results on November 11, 2024 Eastern Time
PRNewswire (Fri, 1-Nov 6:00 AM ET)
Yalla Group Ltd is a MENA-based online social networking and gaming company. It operates two flagship mobile applications, Yalla, a voice-centric group chat platform, and Yalla Ludo, a casual gaming application featuring online versions of board games popular in MENA, with in-game voice chat and localized majlis functions.
Yalla Group Limited American Depositary Shares Each Representing One Class A Ordinary Share trades on the NYSE stock market under the symbol YALA.
As of December 16, 2024, YALA stock price declined to $4.39 with 240,161 million shares trading.
YALA has a beta of 0.34, meaning it tends to be less sensitive to market movements. YALA has a correlation of 0.02 to the broad based SPY ETF.
YALA has a market cap of $697.43 million. This is considered a Small Cap stock.
In the last 3 years, YALA traded as high as $7.30 and as low as $3.00.
The top ETF exchange traded funds that YALA belongs to (by Net Assets): SPEM, SOCL, EWX, APIE.
YALA has underperformed the market in the last year with a price return of -28.0% while the SPY ETF gained +30.5%. YALA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +6.0% and +0.2%, respectively, while the SPY returned +8.3% and +0.7%, respectively.
YALA support price is $4.31 and resistance is $4.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that YALA shares will trade within this expected range on the day.