How to Buy Joyy Stock
Joyy Inc
JOYY Inc. , together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video and audio-based social platforms.
Joyy stock last closed at $33.77, up 0% from the previous day, and has increased 13.67% in one year. It has underperformed other stocks in the Internet Content & Information industry by 0.21 percentage points. Joyy stock is currently +40.01% from its 52-week low of $24.12, and -21.83% from its 52-week high of $43.20.
As of May 6, 2024, there are 1.22B YY shares outstanding. The market capitalization of YY is $2.06B. In the last 24 hours, 152,791 YY shares were traded.
How to Buy Joyy Stock
Not sure how to invest in Joyy stock? Here's how.
- Choose where to buy Joyy stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Joyy stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Select your payment method and add your info.
- Evaluate Joyy stock: The Joyy ticker symbol is YY. Is Joyy stock a good investment? Should you buy shares of YY? How do YY's underlying business fundamentals look? Do top analysts think Joyy is a good buy? Why has YY's stock price moved recently? (Hint: Our stock market analysis website can help you understand if YY is a good stock to buy).
- Place your YY buy order: Decide if you will purchase YY shares at the current market price or use a limit order to purchase YY shares at a particular price.
- Get notifications regarding your YY investment: Create a watchlist to important notifications about your new investment in Joyy stock.
Step 1: Choose where to buy Joyy stock
You need a brokerage account to access the NASDAQ market and buy YY stock.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. eToro gives you:
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Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal info so you are able to buy YY today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new brokerage account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've filled out your info on mobile trading apps, you can securely and quickly fund your account:
Watch this video walkthrough for more details transferring money into your investment account.
Step 4: Evaluate Joyy stock
After you have chosen the best place to buy Joyy stock, it's important to research their stock before you invest, so you can wrap your head around the risk and upside.
Joyy shares data
Joyy Overview
WallStreetZen was built to help average investors perform better fundamental analysis.
You can view all of the due diligence checks on YY's stock page.
Is YY stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge YY's fair value.
Using relative valuations measures:
- YY may be undervalued based on its P/E ratio of 6.25x, relative to Internet Content & Information industry P/E ratio of 15.67x
- YY may be undervalued based on its P/B ratio of 0.4x, relative to Internet Content & Information industry P/B ratio of 6.55x
You can do more valuation analysis on YY's stock here.
How do YY Financials look?
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the YY balance sheet.
- YY earnings of $331.09M is not sufficient to cover its interest payments.
- YY's operating cash flow of $295.58M allows it to safely service it's debt of $488.53M.
- There are more short-term assets than short-term liabilities on the YY balance sheet.
- YY profit margin has gone up from 5% to 15.3% in the past year.
Failed Health Checks:
- YY has a relatively high debt to equity ratio of 0.62.
- Total YY debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Joyy stock, according to analysts?
Out of 2 Equities analysts who give recommendations on YY, the consensus analyst rating on YY is a Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Joyy stock forecast page.
Metrics for Advanced YY Traders
How are YY Revenues/Earnings doing?
Last year, YY earnings were $347.35M. During the past five year, YY's earnings have increased by 6.52% per year. This was slower than the Internet Content & Information industry average of 22.49%.
Last year, YY revenue was $2.27B. During the last 5 year, YY's revenue has gone up by 77.81% per year. This was faster than the Internet Content & Information industry average of 19.72%.
Dig into YY's earnings and revenue performance here.
What are YY insiders up to?
In the past 12 months, executives and large shareholders at YY have not bought or sold any shares.
Dig into more about who owns YY stock here.
Can I rely on YY as an income stream?
No, Joyy doesn't provide an income stream by paying out dividends.
What do other investors have to say about YY?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your YY buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, place a limit order.
Hit the Open button and your broker will execute the order.
If you want more help with investing in stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your YY investment
Now that you own some YY shares, you'll want to keep up with your investment.
Add YY to a watchlist to get notified of the latest news about your YY stock.
YY Feed
How to Buy Stock in Joyy
To summarize, here are the 6 steps to buy Joyy stock:
- Choose where to buy Joyy stock
- Create your brokerage account
- Put funds into your investment account
- Evaluate Joyy stock
- Place your YY buy order
- Get notifications regarding your YY investment
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to watch your new investment in Joyy, click below.
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