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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 $32.38, down 1.58% from the previous day, and has increased 8.04% in one year. It has underperformed other stocks in the Internet Content & Information industry by 0.18 percentage points. Joyy stock is currently +34.25% from its 52-week low of $24.12, and -25.05% from its 52-week high of $43.20.

As of Apr 15, 2024, there are 1.22B YY shares outstanding. The market value of YY is $1.97B. In the last 24 hours, 319,691 YY shares were traded.

How to Buy Joyy Stock

Wondering how to invest in Joyy stock? Here's how.
  1. Choose where to buy Joyy stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Joyy stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Put funds into your investment account: Pick your payment method and add your details.
  4. 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 evaluate if YY is a good stock to buy).
  5. Place your YY buy order: Decide if you will purchase YY shares at the current market price or use a limit order to buy YY stock at a particular price.
  6. Get notifications regarding your YY investment: Create a watchlist to important updates regarding your position 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.

A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've selected your brokerage, you need to fill out some personal details so you are able to invest in YY today.

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Step 3: Put funds into your investment account

Now that you've created your account on the stock trading app, your next step is to transfer the money for your investment:

Watch this video walkthrough for more details transferring funds into your investment account.

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Step 4: Evaluate Joyy stock

After you have decided on the best place to buy Joyy stock, it's crucial to research their stock before you invest, so you can understand the risk as well as the upside.

Overview of key YY info

YY Price
$32.38
1w %
-7.3%
1y %
8.04%
5y %
-61.88%
P/E
N/A
P/B
0.38x
P/S
0.87x
PEG
N/A
Revenue
$2.27B
Earnings
$347.35M
Fore. Rev. Growth
1.14%
Fore. Earn. Growth
N/A
Market Cap
$1.97B
Next Earnings
May 28, 2024
Next Dividend
N/A

Joyy Overview

WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on YY's stock page.

Is YY stock undervalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge YY's intrinsic value.

Using relative valuations methods:

  • YY may be undervalued based on its P/B ratio of 0.38x, relative to Internet Content & Information industry P/B ratio of 6.45x

You can do more valuation research on YY's stock here.

Is YY a healthy company?

Passed Health Checks:

  • YY profit margin has gone up from 5% to 15.3% in the past year.
  • There are more short-term assets than long-term liabilities on the YY balance sheet.
  • There are more short-term assets than short-term liabilities on the YY balance sheet.

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 Joyy stock a Buy, Hold, or Sell, according to analysts?

Out of 2 sell side analysts who monitor YY, the consensus analyst rating on YY is a Buy

Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.

You can dig deeper into what analysts are projecting on the Joyy stock forecast page.

YY Trading Indicators

SMA10
33.83
SMA20
32.5
SMA50
32.31
SMA100
34.03
SMA200
35.29
MACD
0.46
MACD Signal
0.42
MACD Histogram
0.05
RSI
48.17
Stochastic %K
61.21
Stochastic %D
72.11
StochRSI %K
48.72
StochRSI %D
64.11

How are YY Revenues/Earnings doing?

Last year, YY revenue was $2.27B. In the past five year, YY's revenue has grown by 77.81% per year. This was faster than the Internet Content & Information industry average of 18.81%.

You can analyze YY's earnings and revenue performance here.

Who is buying/selling YY?

Over the last 12 months, insiders at YY have not bought or sold any shares.

Get more info about who owns YY stock here.

Can I get consistent income from YY stock?

No, Joyy doesn't provide an income stream by paying out dividends.

What do other investors have to say about YY?

One of the major reasons eToro is our favorite brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Place your YY buy order

You have two primary order types:

  • 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 the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at an exact dollar amount, place a limit order.

Press the Open button and eToro will execute the order.

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Step 6: Get notifications regarding your YY investment

Now that you own some YY shares, you'll want to keep up with your investment.

Put YY on a watchlist to get notified of the latest news about your YY stock.

YY Feed

How to Buy Stock in Joyy

To reiterate, here are the 6 steps to buy Joyy stock:

  1. Choose where to buy Joyy stock
  2. Create your brokerage account
  3. Put funds into your investment account
  4. Evaluate Joyy stock
  5. Place your YY buy order
  6. Get notifications regarding your YY investment

If you are looking for a place to buy stocks, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your investment in Joyy, get started below.

NASDAQ: YY
$32.38-0.52 (-1.58%)
Updated Apr 15, 2024
Open eToro Account
NASDAQ: YY
$32.38-0.52 (-1.58%)
Updated Apr 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Joyy share?

As of Apr 15, 2024, it costs $32.38 to buy one share of Joyy stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.309 shares of YY.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Joyy stock?

According to 2 Wall Street analysts who monitor Joyy, their consensus recommendation is to buy Joyy stock.

What is the best way to buy Joyy stock?

One way to place an order for Joyy stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.