HUYA Inc. (HUYA, Financial) experienced a significant stock decline of 5.13%, with the price reaching $2.87 per share. The trading volume hit 1.41 million shares, reflecting a turnover rate of 0.62% and a price fluctuation of 4.30%.
Recent financial reports reveal HUYA's revenue at $215 million, with a net profit of $3.29 million, translating to earnings per share of $0.01. The company's gross profit stands at $28.40 million, and it currently has a price-to-earnings ratio of -33.59.
Analyst ratings show that out of 11 institutions, 64% recommend buying, while 36% suggest holding, with no sell recommendations. The entertainment industry, where HUYA operates, faced an overall decline of 2.99%.
In comparison, stocks like Kuke Music, Bloomz Inc., and Color Star Technology saw notable gains. Meanwhile, Color Star Technology, Dave & Buster's Entertainment, Inc., and Brera Holdings Plc showed high activity, with turnover rates of 200.30%, 3.79%, and 2.97%, respectively. Stocks with significant price fluctuations include Color Star Technology, Alliance Entertainment Holding Corp, and Hall of Fame Resort & Entertainment Company, with variances of 39.16%, 36.00%, and 19.98%.
Founded in 2011, HUYA is China's largest online game streaming company, headquartered in Guangzhou. It primarily offers live streaming for e-sports games like League of Legends and Honor of Kings. HUYA, a subsidiary of Tencent, had 63% of its equity and 94% of voting rights owned by Tencent as of 2023.
