Tuya (NYSE:TUYA – Get Rating) posted its quarterly earnings data on Tuesday. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02, Fidelity Earnings reports. Tuya had a negative net margin of 58.07% and a negative return on equity of 14.84%. During the same quarter last year, the firm earned ($0.15) EPS. Tuya updated its Q2 2022 guidance to EPS.
Tuya stock opened at $2.42 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.35 and a current ratio of 10.92. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -6.05 and a beta of -0.72. Tuya has a 1 year low of $1.75 and a 1 year high of $25.75. The firm’s 50 day moving average price is $2.67 and its two-hundred day moving average price is $4.26.
A number of research analysts recently commented on TUYA shares. Morgan Stanley lowered shares of Tuya from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $9.20 to $7.20 in a research note on Monday, February 21st. The Goldman Sachs Group started coverage on shares of Tuya in a research report on Monday, April 18th. They issued a “neutral” rating on the stock.
About Tuya (Get Rating)
Tuya Inc operates an Internet of Things (IoT) cloud platform worldwide. It provides IoT cloud platform that delivers a suite of offerings, including Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS) to original equipment manufacturers, industry operators, and system integrators. The company's IoT PaaS enables businesses and developers to develop, launch, manage, and monetize software-enabled devices and services; and industry SaaS offering enables businesses to deploy, connect, and manage various types of smart devices.
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