YY Inc. (YY): More Irrationality?

The stock of YY Inc. (NASDAQ:YY) has been Initiated to Buy by Jefferies in its latest research note that was published on August 05. Nomura analysts bumped their recommendation on YY stock from Neutral to Buy in a separate flash note to investors on May 29. Analysts at The Benchmark Company are sticking to their Buy recommendation. However, on May 29, they lifted target price for these shares to $95 from $106.Analysts at The Benchmark Company, made their first call for the stock with a Buy rating, according to a research note that dated back to May 29.

YY Inc., which has current market capitalization of above $5 Billion, published its last quarter earnings on June 30, 2019.

YY surged by $1.84 during the normal trading session on Thursday and reaching a high of $61.14 during the day while it closed the day at $59.67. The YY stock had a high trading volume of 1.14 million shares on that day, which is high compared to the average daily volume of 1.11M shares. YY has also gained 3.95% of its value over the past 7 days. However, the stock has declined by 20.84% in the 3 months of the year. Over the past six months meanwhile, it has lost 24.50% while it has lost 0.32% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -24.24% from its 3 months high price. However, taking another look at YY will indicate that it is trading +17% away from its 90-day low. Looking at the bigger picture, the YY Inc. stock has dropped by -32.84% from its 52-week high while it has surged by +17% from its 52-week low price.

YY has around 2 Trillion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $923 Billion. The YY stock is bringing in revenue of over 12 months, which is roughly 309 Billion. Despite all that, YY Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 40.11%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 42.03%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 84.59%. Over the past 20 days, YY’s Stochastic %K stood at 89.53% while its Stochastic %D was revealed to be 87.98%.