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Full Truck Alliance Co. Ltd. Announces Third Quarter 2024 Unaudited Financial Results
PRNewswire (Wed, 20-Nov 4:00 AM ET)
PRNewswire (Thu, 31-Oct 4:00 AM ET)
Full Truck Alliance Co Ltd, through its subsidiaries, provides comprehensive services for shippers and truckers through its mobile and website platforms. Its principal operations are in the People's Republic of China. The group derives its revenues principally from shippers and trucker's use of its platforms in connection with freight matching services and value-added services.
Full Truck Alliance Co. Ltd. American Depositary Shares (Each Representing 20 Class A Ordinary Shares) trades on the NYSE stock market under the symbol YMM.
As of December 11, 2024, YMM stock price declined to $11.60 with 7,187,938 million shares trading.
YMM has a beta of 0.65, meaning it tends to be less sensitive to market movements. YMM has a correlation of 0.03 to the broad based SPY ETF.
YMM has a market cap of $12.13 billion. This is considered a Large Cap stock.
Last quarter Full Truck Alliance Co. Ltd. American Depositary Shares (Each Representing 20 Class A Ordinary Shares) reported $432 million in Revenue and $.17 earnings per share. This beat revenue expectation by $43 million and exceeded earnings estimates by $.02.
In the last 3 years, YMM traded as high as $12.47 and as low as $4.12.
The top ETF exchange traded funds that YMM belongs to (by Net Assets): KWEB, VXUS, VWO, VEU, SCHE.
YMM has outperformed the market in the last year with a price return of +64.4% while the SPY ETF gained +33.6%. YMM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +63.4% and +16.6%, respectively, while the SPY returned +11.1% and +1.2%, respectively.
YMM support price is $11.60 and resistance is $12.24 (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 YMM shares will trade within this expected range on the day.