HUYA (HUYA, Financial) shares experienced significant volatility with a sharp decline of 5.14%, dropping to $5.91 per share. Trading volume reached 2.59654 million shares, with a turnover rate of 1.15% and a fluctuation of 7.39%.
Recent financial reports reveal that HUYA achieved a revenue of $213 million and a net profit of $4.09 million, resulting in an earnings per share of $0.02. The company's gross profit stood at $29.67 million, with a price-to-earnings (P/E) ratio of -65.68.
Regarding analyst ratings, out of 13 institutions, 77% recommended buying HUYA shares while 23% suggested holding, with no recommendations to sell. The broader entertainment industry saw a decline of 1.68%, with notable gains in stocks like Anghami Inc, Mega Matrix Corp., and Alliance Entertainment Holding Corporation. Other active stocks included Color Star Technology, iQIYI, and AMC Entertainment with turnover rates of 15.66%, 2.88%, and 1.36% respectively. Stocks with the highest fluctuations were Mega Matrix Corp., Anghami Inc, and Color Star Technology, showing fluctuations of 26.88%, 21.00%, and 18.91%.
HUYA, founded in 2011, is China's leading online gaming live-streaming company. Headquartered in Guangzhou, it offers live streaming of e-sports games like League of Legends and Honor of Kings, collecting virtual tips from viewers. Its products include the Chinese platform Huya Live and Nimo TV in Southeast Asia and South America. As of 2023, Tencent holds a 63% ownership stake and 94% voting rights in HUYA.
