Shares of JOYY Inc. (YY) Fall Below Previous 52-Week Low

June 21, 2021 10:06:18

Shares of JOYY Inc. (NASDAQ:YY) traded at a new 52-week low today of $66.20. This new low was reached on below average trading volume as 157,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

JOYY Inc is a social media platform. The company is engaged in creating and sharing entertainment content and activities. JOYY enables users to interact with each other in real-time through online live media and offers users an immersive entertainment experience. Its products include YY Live, Bigo Live, Huya, Likee, imo, and Hago. The company offers Live streaming platforms, Short-form video platforms, and other products. The company reports in two segments Bigo and All other. It has a presence in China; Developed countries; Middle East and Southeast Asia and others.

Over the past year, JOYY Inc. has traded in a range of $66.20 to $148.88 and is now at $66.74.

Potential upside of 63.9% exists for JOYY Inc., based on a current level of $66.74 and analysts’ average consensus price target of $109.37.

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