Full Truck Alliance (NYSE:YMM) Hits New 52-Week Low – Time to Sell?

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM)’s share price reached a new 52-week low on Monday . The stock traded as low as $8.71 and last traded at $8.81, with a volume of 872953 shares. The stock had previously closed at $8.97.

Analysts Set New Price Targets

Several brokerages recently commented on YMM. Weiss Ratings downgraded Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. iA Financial set a $8.00 target price on shares of Full Truck Alliance in a report on Monday, January 12th. Morgan Stanley set a $14.00 price target on shares of Full Truck Alliance in a research note on Monday, November 17th. Barclays lowered their price objective on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. cut shares of Full Truck Alliance from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $11.00 to $8.00 in a research report on Monday, January 12th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.83.

Full Truck Alliance Price Performance

The business’s 50-day moving average is $9.96 and its two-hundred day moving average is $11.53. The firm has a market cap of $9.40 billion, a P/E ratio of 16.96 and a beta of 0.23.

Hedge Funds Weigh In On Full Truck Alliance

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amiral Gestion increased its holdings in shares of Full Truck Alliance by 106.8% during the third quarter. Amiral Gestion now owns 455,000 shares of the company’s stock worth $5,901,000 after buying an additional 235,000 shares in the last quarter. Alkeon Capital Management LLC boosted its holdings in shares of Full Truck Alliance by 5.7% during the 2nd quarter. Alkeon Capital Management LLC now owns 14,698,535 shares of the company’s stock valued at $173,590,000 after acquiring an additional 790,000 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of Full Truck Alliance during the 3rd quarter valued at $22,237,000. Mitsubishi UFJ Trust & Banking Corp raised its position in Full Truck Alliance by 76.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,647,830 shares of the company’s stock valued at $138,102,000 after purchasing an additional 4,611,050 shares during the last quarter. Finally, Prudential PLC raised its position in Full Truck Alliance by 29.3% in the second quarter. Prudential PLC now owns 105,812 shares of the company’s stock valued at $1,250,000 after purchasing an additional 23,981 shares during the last quarter. 39.02% of the stock is owned by institutional investors.

About Full Truck Alliance

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.