Yalla Group Limited (NYSE:YALA) shares traded higher over the last trading session, gaining 5.34% on 06/08/21. The shares fell to a low of $19.10 before closing at $19.94. Intraday shares traded counted 1.3 million, which was 42.34% higher than its 30-day average trading volume of 2.26M. YALA’s previous close was $18.93 while the outstanding shares total 146.03M. The firm has a 12-month trailing P/E ratio of 664.67, and a growth ratio of 12.08. The stock’s Relative Strength Index (RSI) is 55.03, with weekly volatility at 7.19% and ATR at 1.64. The YALA stock’s 52-week price range has touched low of $6.26 and a $41.35 high.
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Investors have identified the Software – Application company Yalla Group Limited as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.96 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Yalla Group Limited (YALA) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 291.42 million total, with 25.94 million as their total liabilities.
Potential earnings growth for Yalla Group Limited (YALA)
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 24.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 43.65 million. This allows shareholders to hold on to 146.03M with the recently reported earning now reading 0.13 cents per share. This is a figure that compared to analyst’s prediction for their 09/01/2021 (0.11 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.91 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on YALA sounds very interesting.
Is the stock of YALA attractive?
2 out of 3 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Yalla Group Limited. 0 analysts has assigned a Sell rating on the YALA stock. The 12-month mean consensus price target for the company’s shares has been set at $25.33.
