Tuya Inc. Sponsored ADR (NYSE:TUYA – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 3,239,965 shares, a decrease of 38.2% from the June 15th total of 5,244,790 shares. Based on an average trading volume of 1,019,628 shares, the days-to-cover ratio is currently 3.2 days. Approximately 0.6% of the company’s stock are sold short.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “hold (c)” rating on shares of Tuya in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3.69.
Read Our Latest Analysis on TUYA
Institutional Trading of Tuya
Tuya Stock Down 2.0%
Shares of NYSE TUYA opened at $1.72 on Friday. The business has a 50-day moving average price of $1.96 and a 200 day moving average price of $2.18. The stock has a market cap of $931.60 million, a PE ratio of 17.15 and a beta of 0.45. The company has a quick ratio of 6.65, a current ratio of 6.94 and a debt-to-equity ratio of 0.01. Tuya has a 52-week low of $1.65 and a 52-week high of $2.88.
Tuya (NYSE:TUYA – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.03 earnings per share for the quarter. The company had revenue of $80.88 million during the quarter. Tuya had a return on equity of 6.20% and a net margin of 19.10%. Equities research analysts forecast that Tuya will post 0.1 earnings per share for the current year.
Tuya Dividend Announcement
The firm also recently announced a dividend, which was paid on Tuesday, April 21st. Stockholders of record on Wednesday, March 18th were issued a $0.0605 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. Tuya’s payout ratio is presently 40.00%.
About Tuya
Tuya Inc is a global Internet of Things (IoT) platform provider that enables brands, OEMs and developers to create smart products and solutions. The company offers a suite of cloud services, connectivity modules and software development kits designed to support the full lifecycle of IoT devices. Tuya’s platform is built to facilitate rapid prototyping, secure device management and scalable data analytics, with an emphasis on interoperable solutions for smart homes, commercial buildings and industrial applications.
At the core of Tuya’s offering is its IoT operating system, which integrates device hardware, network protocols and application-level services into a unified framework.
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