Alert: Major Price Decline (1/2/24)-JOYY Inc (NASDAQ: YY).


On 1/2/24, JOYY Inc (NASDAQ: YY) stock suffered a major decline of -14.7%, closing at $33.88. Moreover, trading volume in this decline was exceptionally high at 665% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -16.5% during the last week.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be in line with the cost of capital, YY is expected to continue to be Value Creation neutral.

JOYY has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. JOYY has a very high Appreciation Score of 88 and a very high Power Rating of 97, triggering the Highest Value Trend Rating.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

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