Long Position on HUYA @ $24.25 on 7/20/2020 (Fundamentals)

HUYA Inc. (HUYA), through its subsidiaries, operates game live streaming platforms in the People's Republic of China.

Its platforms enable broadcasters and viewers to interact during live streaming.

Its live streaming content covers a library of games, including mobile, PC, and console games; and other entertainment genres, such as talent shows, anime, outdoor activities, live chats, online theatre, and other genres.

The company operates Nimo TV, a game live streaming platform primarily in Southeast Asia and Latin America.

It also provides online advertising and marketing services. In addition, the company provides software development and Internet value added services.

As of December 31, 2019, its live streaming content covered approximately 3,800 games. The company was founded in 2014 and is headquartered in Guangzhou, the People's Republic of China.

Huya reported 1st Quarter March 2020 earnings of $0.10 per share on revenue of $340.6 million. The consensus earnings estimate was $0.11 per share on revenue of $338.4 million. Revenue grew 40.1% on a year-over-year basis.

The company said it expects second quarter revenue of $366.5 million to $370.8 million. The current consensus revenue estimate is $356.3 million for the quarter ending June 30, 2020.

This stock's chart should continue to see an increase in share prices as it moves out of its "bullish flag" formation.

Entry point: $24.25

52-week trade range: $11.78 - $28.20

Stop/Loss: $23.00

Target Price: $26.75

Updates

8/5/2020 10:58:25 AM

HUYA closed at $27.00

Position closed on 8/5/2020 at price of $27.00 with a 11.34% gain in 16 days.

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