Tuya's Losses Narrow, But Stock Still Looks Pricey [Seeking Alpha]
Tuya Inc. American Depositary Shares, each representing one Class A Ordinary Share (TUYA)
Company Research
Source: Seeking Alpha
The company's stock could be vulnerable if major shareholder Tencent decides to sell down its stake, or if the company gets caught in a flareup of China-U.S. tensions. Despite its stock gains last year, Tuya shares still trade about 20% below the HK$19.30 price for the company's Hong Kong listing in 2022, which complemented its listing in New York a year earlier. The Internet of Things services provider's gross margin hit a record high last quarter and its loss narrowed on strong performance for its platform as a service business Internet of Things (IoT) platform as a service (PaaS) provider Tuya Inc. NYSE: TUYA ; 2391.HK) had a good run last year when its shares soared 33.5%, making it a rare offshore Chinese stock to post gains for the year. The road has become bumpier with a 10% loss for the shares so far this year, even as Tuya recently reported sharply higher revenue and narrowing losses in its latest financial report for last year's fourth quarter. As the world's larges
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TUYA
News
- Tuya Filed 2023 Annual Report on Form 20-F and Released Inaugural Environmental, Social and Governance ReportPR Newswire
- Tuya Smart Shares Front-line Insights to Advance Discussions on Cyber Norms in EuropePR Newswire
- Tuya Smart Announces Partnership with ZAIN KSA to Drive Smart Transformation in the Middle EastPR Newswire
- When Can We Expect A Profit From Tuya Inc. (NYSE:TUYA)? [Yahoo! Finance]Yahoo! Finance
- Tuya Reports Fourth Quarter 2023 Unaudited Financial Results [Yahoo! Finance]Yahoo! Finance
TUYA
Earnings
- 2/27/24 - Beat
TUYA
Sec Filings
- 4/24/24 - Form 6-K
- 4/24/24 - Form 20-F
- 4/19/24 - Form 144
- TUYA's page on the SEC website