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Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) - free report >>
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Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) - free report >>
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Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) Stock Jumps 5.4%: Will It Continue to Soar?
Full Truck Alliance Co. Ltd. Sponsored ADR (YMM - Free Report) shares rallied 5.4% in the last trading session to close at $7.24. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.4% loss over the past four weeks.
The positive response from investors can be due to the surge in user base and the addition of new features such as streamlined shipping and improved recommendations, which led to an increased number of fulfilled orders.
This company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +14.3%. Revenues are expected to be $301.74 million, up 18.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Full Truck Alliance Co. Ltd. Sponsored ADR, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on YMM going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Full Truck Alliance Co. Ltd. Sponsored ADR belongs to the Zacks Technology Services industry. Another stock from the same industry, BlackSky Technology Inc. (BKSY - Free Report) , closed the last trading session 14.1% lower at $1.28. Over the past month, BKSY has returned 24.2%.
BlackSky Technology Inc.'s consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.12. Compared to the company's year-ago EPS, this represents no change. BlackSky Technology Inc. currently boasts a Zacks Rank of #3 (Hold).