|Bid||20.95 x 800|
|Ask||21.07 x 800|
|Day's Range||20.65 - 21.12|
|52 Week Range||16.40 - 30.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.55|
How far off is HUYA Inc. (NYSE:HUYA) from its intrinsic value? Using the most recent financial data, we'll take a look...
HUYA Inc. ("HUYA" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced that it will hold its 2019 annual general meeting of shareholders at Building A3, E-Park, Hanxi Road Xinguang Expressway Intersection, Panyu District, Guangzhou 511446, People's Republic of China on February 12, 2020 at 10:00 a.m., local time.
Chinese equities have been back in favor as the trade-war rhetoric between the U.S. and China continues to improve. While Huya (NYSE:HUYA) has been enjoying a rebound, it's not climbing as much as its peers. As Huya stock rallies into the end of the year, should investors buy the shares before it's too late?Source: Shutterstock Look at the one- and three-month returns for a handful of Chinese equities in the table below. It's pretty clear that Huya stock is continuing to struggle, even after its latest rebound. Worse, the stock's technicals do not favor the bulls at the moment, unless it suddenly gets a large burst of momentum that will send it over its resistance.Stock 1M Return 3M Return (NYSE:BABA) 14.6% 20.8% IQ 15.7% 17.6% (NASDAQ:JD) 13.3% 19.5% BILI 11.2% 22.3% (NASDAQ:BIDU) 9% 25.3% (NASDAQ:YY) (8.7%) (10.6%) HUYA (18%) (34.2%) As you can see, this stock has been displaying relative weakness at a time when its peers, Chinese stocks, and the overall markets are rallying. That's worrisome for the owners of Huya stock. Given the price action, it's hard to get overly bullish on the name. Let's look at the charts, which also aren't too encouraging.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Trading Huya Stock Click to Enlarge Source: Chart courtesy of StockCharts.comFor much of 2019, Huya stock was trapped between range support near $19 to $19.50 and range resistance around $26. When the stock failed to overcome its resistance in November, Huya sank below all of its major moving averages. Instead of Huya Inc finding buyers at range support, though, the sellers of the shares stepped on the gas.Huya stock cascaded through the $19 to $19.50 support area and bottomed at $16.40. The stock has since found its footing around $17 and has broken through its steep downtrend resistance (depicted by the blue line). * 7 Stocks to Buy to Get 2020 Started the Right Way So now what?The charts look ever-so-slightly more constructive at the moment. A short-term bottom has been reached, while a short-term uptrend (depicted by the purple line) is in place. Further, the MACD (depicted by the blue circle) is rotating into bulls' favor as the momentum of Huya stock begins to turn more positive. That said, the sellers remain in control.Bulls' first hurdle is the 20-day moving average. If they can push HUYA through this mark, there's a much larger hurdle overhead. Prior support at $19 to $19.50 is likely to act as resistance. If that's the case, the tone will shift to a much more bearish note for Huya stock.If the bulls can reclaim the former range support, higher targets would become realistic. But before we can even begin discussing those, the following test will prove most notable. Long story short, the bears need to defend $19, turning former range support into resistance, while the bulls need to defend the $17 level and avoid making new lows. The FundamentalsHuya stock has been lagging its peers, and its technicals do not favor the bulls. Because of that, the stock should not be bought until it clears some vital levels. That said, Huya Inc is still a quality company.Analysts, on average, predict that its revenue will surge 71% this year and another 36% in 2020. Unlike some of its peers, including iQiyi (NASDAQ:IQ) and BiliBili (NASDAQ:BILI), HUYA is actually profitable.Average forecasts call for earnings of 45 cents per share this year, up 50% from last year. For 2020, the mean estimate calls for an acceleration up to 75% earnings growth, good for earnings of 79 cents per share. That's lofty, but if the company can achieve it, Huya stock would currently be trading at just 22 times its forward earnings.That valuation would look cheap to many investors, given the company's strong growth and profitability, even if Huya stock is far from being a blue-chip name.Finally, its balance sheet is solid. The company's cash and short-term investments of 9.53 billion CNY easily outweigh all of its current liabilities, which stand at just 2.17 billion CNY. Further, Huya Inc does not carry any long-term debt. The Bottom Line on HuyaWhen the fundamentals and technicals do not align, some investors (like me) are in a tough spot. There is a solution, though.Technical investors can wait for the charts to confirm that bulls are back in control with a move over $19. Fundamental investors can take a long position near current levels, but use a stop-loss below the recent low of $16.40. If Huya Inc falls below that mark, it could reach the all-time low of $14.44.Investors should not get caught in a plunge. even if the company's fundamentals are good. Remember, risk can be defined and if investors sell due to a stop-loss being triggered, they can always get back in. Finally, some investors may find it best to take a partial position, while using proper risk controls on a decline and adding to the position if the technicals begin to look more favorable.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy to Get 2020 Started the Right Way * 10 Best ETFs for 2020: The Competition Is Stacked Full of Potential * 4 Gold Stocks to Buy as the Yellow Metal Surges The post Avoid Huya Stock as It Approaches Resistance appeared first on InvestorPlace.
There’s Star Wars, there’s the Cola Wars, and these days, we all know about the Trade Wars. The US and China have been at loggerheads for the last two years as the economic superpowers fight it out on the international stage. Will they ever reach an agreement, won’t they? It has started to resemble a soap opera.Apart from the continuous trade battle, China has had other issues to deal with; its ever-growing economy has been showing signs of slowing down, and the ongoing protests in Hong Kong have been a concern for democratic nations across the globe.With all the noise in the background, and with recent rumors Chinese stocks will be delisted from US stock exchanges exerting more downward pressure, Goldman Sachs unearthed some interesting findings. The key takeaway was that the hedge funds are actually increasing exposure to Chinese stocks with a collective of $2.1 trillion in equity positions.Since August, when trade tensions started to cool down, companies with big China exposure have beaten the market, with Goldman saying their firms with the most amount of sales in China outperformed the S&P 500 by 7%, providing 17% returns over the last 3 months.With this in mind, we took advantage of TipRanks’ Stock Screener to zoom in on 3 Chinese stocks that are Buy-rated, and ones specifically set for gains in the 12 months ahead.Baidu (BIDU)First off to Beijing, which is home to Baidu, the company everyone likes to call ‘The Google of China’, for good reason, too. Baidu ranks as the fourth largest website in the world and has the second largest search engine. It was also the first Chinese company to list on the NASDAQ-100 index.The internet giant, though, has a had rough year in the market. In May, following a horrible second-quarter report and a perfect storm of increasing competition, a struggling local economy, and the ongoing U.S.-China trade war, the company lost 33% of its value. It is down by 27% year-to-date. However, after a solid Q3 report, the Chinese search engine leader started showing signs of life. So, this naturally begs the question: is the bottom in for Baidu?Oppenheimer’s Jason Helfstein believes so. Noting Baidu’s strong 3Q, and the stabilization of its core business, the 5-star analyst said, “As the No. 1 search engine in China, BIDU benefits from limited search competition. Meanwhile, large ecommerce, mobile communication, and content platforms have been aggressively competing for consumer attention, weighing on BIDU growth and margins. However, we are now seeing competitive pressure subsiding and management has reduced investments to stabilize margins, making the stock a better value play.”To this end, Helfstein upgraded his rating to Outperform and set a price target of $145, indicating potential upside of 25%. (To watch Helfstein’s track record, click here)All in all, the rest of the Street’s take is a bit more varied. With 11 Buy ratings and 4 Holds over the previous three months, the internet giant is a ‘Moderate Buy." Its $140.21 average price target brings upside potential of 22%. (See Baidu stock analysis on TipRanks)Huya (HUYA)Moving on now, we turn our attention to Guangzhou, which houses the headquarters of live streaming platform, Huya.The platform’s primary focus is gaming and eSports, though it has been broadening its remit by adding reality shows, musical performances, and animated content to the platform.The company is expanding internationally, and currently has 17 million monthly active users outside China, and has set its sights on 20 million by the end of the year. A driving force propelling it forward is the Huya-owned Nimo TV, a Spanish language live streaming platform with markets predominantly in Latin America. There are half a billion Spanish speakers worldwide, a huge market for Nimo TV to tap into.With a strong Q3 report displaying beats across the board, and with total revenue coming in 5% higher than estimates, Credit Suisse’s Kenneth Fong is impressed, noting, “We view HUYA as the leader in the online game live-streaming market in China—it can further ride on this secular tide of online-game live-streaming popularity and medium-term industry structural drivers from 5G network upgrade and cloud-gaming.”Following the analyst’s positive evaluation, Fong maintained an Outperform rating and raised his price target from $28.50 to $30. This implies a handsome increase of 65% from the current share price. (To watch Fong’s track record, click here)Though not many have weighed in with an opinion on Huya in the last 3 months, those who have are singing its praises loudly. Overall, three out of four analysts rate the Chinese streamer a Buy, while the average price target stands tall at $27.05. (See Huya stock analysis on TipRanks)Yum China Holdings (YUMC)Our Chinese expedition finishes in Shanghai, home to fast food restaurant company, Yum China, and no, that’s not what Trump said following his first KFC on Chinese soil.We say that because YUMC owns KFC and Pizza Hut in China and it has built a strong presence across the country. Specifically, KFC outlets are opening in smaller cities at a faster pace than the company expected due to the demand foraffordable meals and the ability to turn a quick profit from these locations. Yum China is still coming to grips with demand: last year’s target of 350 new outlets was eclipsed by the eventual opening of 556.HSBC’s Lina Yan believes Yum is a ‘highly efficient operator’ and thinks ‘Yum China can expand even faster than many investors think’.The analyst noted, “An impressive return on invested capital (ROIC) indicates the company’s efficiency. We see this increasing to 68.5% in 2021e from 59% in 2018, driven by increases in what is already a stand-out asset turnover ratio (6.8x last year). Globally, quick service restaurants are gauged on ROIC rather than growth, as a higher ROIC supports higher investor returns. For Yum China, the difference is that it simultaneously generates strong growth. If we are right about rising demand for fast food in China, its valuation multiples should be rewarded on both fronts.”With this glowing assessment, Yan initiated coverage on YUMC stock with a Buy rating, and a price target of $58.10, implying 28% upside from current levels.Currently YUMC has a Strong Buy consensus rating from the Street, with all 3 analysts tracked over the last 3 months rating the stock a Buy. An average price target of $56.35 indicates a potential 26% increase from its current share price. (See Yum stock analysis on TipRanks)
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]
We are now in the last month of the decade, one which has seen the market rally to unprecedented heights. This year in particular, the S&P 500 has soared beyond expectations, and is on its way to its biggest yearly gain since 2013. The question on investors' minds is whether 2020 will see a continuation of the trend. Like anything else, when it comes to investing, there are no certainties, but we can try and mitigate the fear of the unknown by using the best tools at hand.TipRanks' Smart Score tool displays the "best stocks to buy" by collecting data from 8 key metrics and using the results to score the stocks accordingly - from 1, at the bottom, all the way up to a “perfect 10,” at the top.So, heading into the new decade we zoomed in on 3 stocks which apart from displaying Strong Buy status also rank up the higher echelons of the smart score chart. Let’s take a look.Caleres (CAL)The US-China trade war has wreaked havoc on all sorts of industries this year due to increased tariffs. The shoe industry has not been spared, either, as global footwear retailer, Caleres, can attest. The stock has vastly underperformed the market this year, slumping almost 20% overall.The recent third-quarter report was a mixed bag, too. The strong performance from Famous Footwear has contributed to record sales in the quarter, yet the increased tariffs weighed down on EPS, which came in at $0.78, and missed estimates by 5 cents. The company cut back its forecast for F2019 to reflect the impact of new tariffs.Nevertheless, 4-star Wedbush analyst Christopher Svezia is stepping up to call Caleres a buy: "CAL shares trade at a ~37% discount to historic levels, cheap for a stock with momentum building into a de-risked 4Q and another year of sales growth and margin expansion driving +LDD EPS gains for FY20.” The analyst further added, “CAL has significantly improved its op. model by divesting non-core assets and moving distribution towards premium channels while improving efficiencies, leading to higher-margin sales across much of its wholesale platform. There is room to drive more productive sales through speed to market capabilities, international growth, the launch of Veronica Beard in SP20 and more.“To this end, Svezia reiterated an Outperform rating on Caleres stock, along with a price target of $27, implying potential upside of 22% from today's closing price. (To watch Svezia’s track record, click here)Svezia isn't alone in his bullish take on Caleres' potential. The stock's "perfect 10" Smart Score indicates a "Strong Buy" analyst consensus, as well as increased hedge fund activity. (See Caleres’s stock analysis on TipRanks)Huya (HUYA)Talking of China, we move on to Guangzhou, which houses the headquarters of live streaming platform, Huya.The platform’s primary focus is gaming and esports, and in the last quarter alone it organized 110 e-Sports tournaments with over 500m viewers, as well as hosting 38 inhouse organized tournaments. The business is diversifying, though, with reality shows, musical performances, and animated content being added to the platform.The broadening of the company’s remit comes alongside international expansion. Huya currently has 17 million monthly active users outside China and has set its sights on 20 million by the end of the year. A driving force towards reaching this goal is the Huya owned Nimo TV, a Spanish language live streaming platform with markets predominantly in Latin America. There are half a billion Spanish speakers worldwide, a huge market for Nimo TV to tap into.Huya reported 3Q19 results with revenue and earnings ahead of consensus on better-than-anticipated live streaming and gross profit margins, and Jefferies’ Thomas Chong likes what he sees.The analyst opined, “Mid-point of 4Q19 revenue guidance is 5% and 11% ahead of consensus and our estimates… We believe the better-than-expected guidance is due stronger sequential growth in paying users, while the company is heading towards the goal of 150m domestic MAU (monthly active users). We see Huya as demonstrating strong execution in its domestic market with overseas expansion in the long run, thanks to its content diversification and localization strategies.”Accordingly, Chong maintained a Buy rating on the Chinese streamer, and increased his price target from $26.80 to $30. The target implies hefty potential upside of nearly 60%. (To watch Chong’s track record, click here)Huya's "perfect 10" score includes a “Strong Buy” consensus analyst rating alongside encouraging sentiment from bloggers and hedge funds. (See Huya's stock analysis on TipRanks)Zendesk (ZEN)Shares of customer service software maker Zendesk are up roughly 30% year-to-date. But not everything has been so glamorous for the stock, especially in the end of July. A disappointing Q2 report halted the upward curve, after which the share price fell sharply.The recent Q3 report was a mixed bag, too. While revenue grew year-over-year by 36%, there were diminishing returns from EMEA (Europe, the Middle East, and Africa) for the second quarter in a row on account of macro and sales implementation headwinds. Billings growth slowed down as well, dropping to 25% as opposed to 35% in the previous quarter.However, Piper Jaffray’s Brent Bracelin is not concerned, saying, “Despite mixed fundamentals over the last two quarters, we still view ZEN as a strategic cloud asset with a unique offering and customer base that sits squarely in an area where spending could increase materially in 2020.”Zendesk has been adding a set of complementary software products to its support ticketing system and customer service software, and these seem to be hitting the spot. Bracelin added, “Fortunately for ZEN, revenue growth has been resilient within the U.S. region accelerating to 41% vs. 38% last quarter driven by strong adoption of the Zendesk Suite and Duet bundles... Interest in Sunshine is high suggesting an even broader move up market could unfold if this product takes hold next year.”Bracelin assumed coverage on ZEN with an Overweight rating, alongside a price target of $94, which implies about 25% upside from current levels. (To watch Bracelin’s track record, click here)Overall, ZEN has received 10 “buy” and 2 "hold" ratings over the past three months. That, alongside encouraging sentiment from investors, bloggers and hedge funds, contributes to a "perfect 10" Smart Score for ZEN. (See Zendesk’s stock analysis on TipRanks)
HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced that it has appointed Ms. Catherine Xiaozheng Liu as the Company's Chief Financial Officer, effective immediately. Ms. Liu succeeds Mr. Henry Dachuan Sha, who has decided to depart due to family reasons.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees in 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their […]
GUANGZHOU, China , Nov. 12, 2019 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China , today announced its unaudited financial ...
-Earnings Call Scheduled for 8:00 p.m. ET on November 12, 2019- GUANGZHOU, China , Oct. 31, 2019 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live ...
Hedge funds run by legendary names like George Soros and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the […]
ESports is very real. In total, we'll see about $100 million paid out in the Fortnite World Cup series. Huya Inc. and Sea Ltd. have been my top two plays for the ESports industry, and after its latest earnings report, Take-Two Interactive could act as a solid third, much more diverse, inclusion.
GUANGZHOU, China , Aug. 13, 2019 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China , today announced its unaudited financial ...