Yuanbao (NASDAQ:YB) Hits New 12-Month Low – What’s Next?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report)’s stock price hit a new 52-week low during trading on Tuesday. The company traded as low as $11.00 and last traded at $11.1150, with a volume of 39,111 shares changing hands. The stock had previously closed at $11.31.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $21.80.

Check Out Our Latest Research Report on YB

Yuanbao Trading Down 2.1%

The stock has a 50-day moving average of $12.67 and a two-hundred day moving average of $15.84. The firm has a market cap of $499.26 million, a price-to-earnings ratio of 2.46 and a beta of 0.56.

Yuanbao (NASDAQ:YB – Get Free Report) last posted its quarterly earnings data on Friday, September 11th. The company reported $1.26 earnings per share (EPS) for the quarter. The firm had revenue of $204.92 million for the quarter. Yuanbao had a return on equity of 43.75% and a net margin of 29.91%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Yuanbao stock. Royal Bank of Canada acquired a new position in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,079 shares of the company’s stock, valued at approximately $72,000.

Yuanbao Company Profile

(Get Free Report)

Yuanbao Inc (NASDAQ: YB) is a China-based technology-driven insurance distribution company. The company operates an online platform that connects consumers with insurance products offered by third-party insurance carriers.

Yuanbao’s platform primarily focuses on personal protection products, including health, life, accident and other insurance offerings. Its services are designed to help customers compare, purchase and manage policies through digital channels, while using data and technology to support product distribution and customer service.

The company primarily serves customers in China through online platforms and mobile applications.

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