Sunday, June 26, 2022

An Analysis of Yatsen Holding Limited (YSG)’s Potential Price Growth

Raymond James initiated its Yatsen Holding Limited [YSG] rating to a Mkt perform in a research note published on Tuesday. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid December with a ‘”an Equal-weight”‘ rating. Goldman began covering YSG with a “Neutral” recommendation on December 14, 2020.


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Price Performance Review of YSG

On Tuesday, Yatsen Holding Limited [NYSE:YSG] saw its stock jump 19.99% to $0.94. On the same session, the stock had its day’s lowest price of $0.8048, but rose to a high of $0.9888. Over the last five days, the stock has gained 41.18%. Yatsen Holding Limited shares have fallen nearly -56.28% since the year began. Nevertheless, the stocks have fallen -90.00% over the past one year. While a 52-week high of $10.48 was reached on 01/03/22, a 52-week low of $0.39 was recorded on 05/24/22. SMA at 50 days reached $0.5948, while 200 days put it at $1.9072. A total of 12.41 million shares were traded, compared to the trading of 3.34 million shares in the previous session.

Levels Of Support And Resistance For YSG Stock

The 24-hour chart illustrates a support level at 0.8336, which if violated will result in even more drops to 0.7272. On the upside, there is a resistance level at 1.0176. A further resistance level may holdings at 1.0952. The Relative Strength Index (RSI) on the 14-day chart is 80.58, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1456, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.82%. Stochastics %K at 95.11% indicates the stock is a selling.

How much short interest is there in Yatsen Holding Limited?

A steep rise in short interest was recorded in Yatsen Holding Limited stocks on Apr 28, 2022, dropping by -6.11 million shares to a total of 12.96 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 19.07 million shares. There was a decline of -47.15%, which implies that there is a negative sentiment for the stock.

Yatsen Holding Limited [YSG] – Who Are The Largest Shareholders?

In filings from HHLR Advisors Ltd., it is revealed that the company now owns 40,451,713 shares, or roughly 8.94% of the outstanding YSG shares. In other words, the investor’s shares have fallen by 0 from its previous 13-F filing of 40451713.0. Additionally, Morgan Stanley & Co. LLC decreased -5.14% of its stake after which the total value it holdings stand at $7,526,997, while Wellington Management Co. LLP added 1.08% of its stake to hold $7.36 million in the firm. Over the last quarter, Baillie Gifford & Co. sold -17,567 shares of Yatsen Holding Limited, while UBS O’Connor LLC sold 1,600,000 shares. At present, Healthcare of Ontario Pension Pla is holding 7,102,200 shares valued at $3.5 million. Renaissance Technologies LLC owned 5,368,600 shares of the company at the time of its most recent 13F filing, worth $2.65 million.

According to FactSet, Yatsen Holding Limited’s share price will average $5.04 in the next year, based on opinions of analysts polled by the firm. This is up nearly 546.15 percent from its previous closing price of $0.78. Analysts expect Yatsen Holding Limited stock to reach the higher price of $5.14, while the lowest price estimate is $4.95. However, 3 analysts have rated YSG stock as a Hold in their predictions for 2022.

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