Closer Look – HUYA

Daily chart courtesy of MarketSmith

Quarterly Earnings – HUYA per share earnings are up 350% in the most recent quarter increasing to 5 cents from a loss of 2 cents.

Quarterly Revenue – HUYA revenue growth increased 111% in the most recent quarter following revenue growth of 130% and 132% in the previous 2 quarters.

Annual earnings growth – HUYA is estimated to make a profit of 48 cents this year versus a profit of 27 cents last year. A 78% jump in annual earnings growth.

Game changer – HUYA operates live streaming gaming platforms in China. HUYA is often referred to as China’s TWITCH, which is now owned by Amazon. HUYA was founded in 2014 and is based in Guangzhou, China. HUYA Inc. is a subsidiary of YY Inc.

Accumulation – HUYA has an up/down volume ratio of 1.1 as shares climb the right side of a potential new base. HUYA has an Accumulation/Distribution rating of C and mutual fund participation has increased to 74 funds from 68 in the most recent quarter.

Running mates – HUYA is in the Internet-Content group which is currently ranked number 38 out of 197 industry groups. Strong peers in the group include QTT, MTCH, BILI and IAC.

Notes: Reclaimed and found support at the weekly 10ma. Pocket pivot on 1/25 marks the recent swing high. China now ramping up the licensing of games. Nearly 50% short float.

Weekly chart courtesy of MarketSmith

Disclaimer: None of the presented content represents individual investment advice to buy or sell securities and the information provided is solely for informational, educational and entertainment purposes. Author has a long position in HUYA at the time of this writing.