TOYO Co., Ltd. (NASDAQ:TOYO – Get Free Report)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $15.90 and last traded at $16.02, with a volume of 104729 shares traded. The stock had previously closed at $15.26.
Analysts Set New Price Targets
Several analysts recently commented on the company. Weiss Ratings raised TOYO from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Wall Street Zen raised TOYO from a “hold” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Finally, Roth Mkm assumed coverage on TOYO in a research note on Thursday, April 2nd. They issued a “buy” rating and a $15.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.50.
TOYO Stock Performance
TOYO (NASDAQ:TOYO – Get Free Report) last announced its earnings results on Monday, May 18th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The company had revenue of $142.77 million during the quarter, compared to the consensus estimate of $202.90 million. On average, sell-side analysts forecast that TOYO Co., Ltd. will post 2.37 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in TOYO stock. Bank of America Corp DE acquired a new position in shares of TOYO Co., Ltd. (NASDAQ:TOYO – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,366 shares of the company’s stock, valued at approximately $135,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.
About TOYO
TOYO Co Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain. The company was founded on November 8, 2022 and is headquartered in Tokyo, Japan.
Featured Articles
- Five stocks we like better than TOYO
- Microsoft Is Spending Billions on AI, But Investors Aren’t Buying It
- Is Co-Diagnostics National Security’s Next Diagnostic Pick?
- If the Market Rally Stalls, This ETF Can Insulate Portfolios
- Semtech’s Explosive Rally May Only Be Getting Started
Receive News & Ratings for TOYO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TOYO and related companies with MarketBeat.com's FREE daily email newsletter.
