YY Stock Summary and Trading Ideas (Joyy - American Depositary Shares | NASDAQ:YY)

JOYY Inc is a global technology company offering comprehensive innovation capabilities. The company enables users to interact with others in real time. The group is actively exploring and expanding its global commerce Software-as-a-Service and solutions business. JOYY emphasizes technological innovation and is recognized in the industry for its significant number of patent applications and licenses.

Joyy - American Depositary Shares trades on the NASDAQ stock market under the symbol YY.

As of November 8, 2024, YY stock price declined to $34.02 with 17,266 million shares trading.

YY has a beta of 0.79, meaning it tends to be less sensitive to market movements. YY has a correlation of 0.07 to the broad based SPY ETF.

YY has a market cap of $2.02 billion. This is considered a Mid Cap stock.

Last quarter Joyy - American Depositary Shares reported $565 million in Revenue and $1.17 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.28.

In the last 3 years, YY traded as high as $57.58 and as low as $21.38.

The top ETF exchange traded funds that YY belongs to (by Net Assets): KWEB, VXUS, VWO, IEMG, CQQQ.

YY has underperformed the market in the last year with a price return of -18.9% while the SPY ETF gained +38.2%. YY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.6% and +0.7%, respectively, while the SPY returned +15.4% and +3.1%, respectively.

YY support price is $33.58 and resistance is $35.10 (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 YY shares will trade within this expected range on the day.