Could YY Inc (ADR) (YY) See a Reversal After Breaking Its 52-Week High?
July 17, 2017 - By wolcottdaily
The stock of YY Inc (ADR) (NASDAQ:YY) hit a new 52-week high and has $71.47 target or 9.00 % above today’s $65.57 share price. The 6 months bullish chart indicates low risk for the $3.98B company. The 1-year high was reported on Jul, 17 by Barchart.com. If the $71.47 price target is reached, the company will be worth $358.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.
About 2.17 million shares traded or 97.27% up from the average. YY Inc (ADR) (NASDAQ:YY) has risen 20.20% since July 17, 2016 and is uptrending. It has outperformed by 3.50% the S&P500.
YY Inc (ADR) (NASDAQ:YY) Ratings Coverage
Among 5 analysts covering YY Inc (NASDAQ:YY), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. YY Inc had 9 analyst reports since August 17, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Friday, June 16. The firm has “Hold” rating by Zacks given on Thursday, August 20. The stock of YY Inc (ADR) (NASDAQ:YY) earned “Overweight” rating by Piper Jaffray on Friday, August 14. As per Monday, August 17, the company rating was downgraded by Pacific Crest. The rating was initiated by Bank of America with “Buy” on Monday, November 28. The rating was initiated by JP Morgan on Wednesday, August 31 with “Overweight”. HSBC initiated the shares of YY in report on Monday, October 31 with “Buy” rating. The stock of YY Inc (ADR) (NASDAQ:YY) earned “Buy” rating by Bank of America on Tuesday, July 4. The firm has “Hold” rating by Jefferies given on Wednesday, February 8.
More important recent YY Inc (ADR) (NASDAQ:YY) news were published by: Seekingalpha.com which released: “Momo And YY Rapidly Grow As China’s Live Video Streaming Market Expands” on May 31, 2017, also Benzinga.com published article titled: “Jim Cramer Shares His Thoughts On YY Inc And Tata Motors”, Seekingalpha.com published: “YY Inc.: A Chinese Juggernaut In The Making With Solid Technicals And Fundamentals” on September 22, 2016. More interesting news about YY Inc (ADR) (NASDAQ:YY) was released by: Zacks.com and their article: “Market Has Not Yet Noticed Potential in YY Inc. (YY); Have You? December 08, 2016” with publication date: December 08, 2016.
YY Inc. is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The company has market cap of $3.98 billion. The Company’s divisions include YY IVAS and others, Huya broadcasting, and 100 Education. It has a 14.15 P/E ratio. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.
July 17, 2017 - By wolcottdaily
The stock of YY Inc (ADR) (NASDAQ:YY) hit a new 52-week high and has $71.47 target or 9.00 % above today’s $65.57 share price. The 6 months bullish chart indicates low risk for the $3.98B company. The 1-year high was reported on Jul, 17 by Barchart.com. If the $71.47 price target is reached, the company will be worth $358.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.
About 2.17 million shares traded or 97.27% up from the average. YY Inc (ADR) (NASDAQ:YY) has risen 20.20% since July 17, 2016 and is uptrending. It has outperformed by 3.50% the S&P500.
YY Inc (ADR) (NASDAQ:YY) Ratings Coverage
Among 5 analysts covering YY Inc (NASDAQ:YY), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. YY Inc had 9 analyst reports since August 17, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Friday, June 16. The firm has “Hold” rating by Zacks given on Thursday, August 20. The stock of YY Inc (ADR) (NASDAQ:YY) earned “Overweight” rating by Piper Jaffray on Friday, August 14. As per Monday, August 17, the company rating was downgraded by Pacific Crest. The rating was initiated by Bank of America with “Buy” on Monday, November 28. The rating was initiated by JP Morgan on Wednesday, August 31 with “Overweight”. HSBC initiated the shares of YY in report on Monday, October 31 with “Buy” rating. The stock of YY Inc (ADR) (NASDAQ:YY) earned “Buy” rating by Bank of America on Tuesday, July 4. The firm has “Hold” rating by Jefferies given on Wednesday, February 8.
More important recent YY Inc (ADR) (NASDAQ:YY) news were published by: Seekingalpha.com which released: “Momo And YY Rapidly Grow As China’s Live Video Streaming Market Expands” on May 31, 2017, also Benzinga.com published article titled: “Jim Cramer Shares His Thoughts On YY Inc And Tata Motors”, Seekingalpha.com published: “YY Inc.: A Chinese Juggernaut In The Making With Solid Technicals And Fundamentals” on September 22, 2016. More interesting news about YY Inc (ADR) (NASDAQ:YY) was released by: Zacks.com and their article: “Market Has Not Yet Noticed Potential in YY Inc. (YY); Have You? December 08, 2016” with publication date: December 08, 2016.
YY Inc. is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The company has market cap of $3.98 billion. The Company’s divisions include YY IVAS and others, Huya broadcasting, and 100 Education. It has a 14.15 P/E ratio. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.
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