Tuya Stock (NYSE:TUYA), Trade Ideas

Tuya

Tuya Inc is an IoT cloud development platform with a mission to build an IoT developer ecosystem and enable everything to be smart. The Company has pioneered a purpose-built IoT cloud development platform that delivers a full suite of offerings, including platform-as-a-service (PaaS) and Software-as-a-service (SaaS), to businesses and developers. Through its IoT cloud development platform, It has enabled developers to activate a vibrant IoT ecosystem of brands, OEMs, partners, and end users to engage and communicate through a broad range of smart devices. The company's revenue is derived from the PRC.

News

Penny Stocks

Small Cap

Intraday Update

Markets

Movers

Trading Ideas

AAOI

ABSI

ADEX

ARBB

ASST

AWIN

BACK

BNZI

BTCT

CVRX

DERM

ENLV

FPAY

FUSN

GMBL

GRCL

Hollsys Automation Technologies INTERNATIONAL

HOLI

Inspira Technologies Oxy BHN Ltd Ordinary Shares

IINN

LDTC

MIST

NDRA

NEOV

NXTP

ONCT

PSNY

RYZB

SGHT

SNCE

SNTG

SSYS

STBX

SXTP

TURB

TUYA

VLCN

VRNA

WORX

ZJYL

Shares of RayzeBio, Inc. (NASDAQ: RYZB) rose sharply during Tuesday’s session after the company announced that it will be acquired by Bristol Myers Squibb for $62.50 per share in cash in a deal worth $4.1 billion.

RayzeBio shares gained 100% to $61.38 on Tuesday.

Why RayzeBio Shares Are Trading Higher By 100%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

ALHC

CNSL

ETWO

EXTO

INDI

LULU

MLTX

OSTK

PCTI

PRTA

PUYI

QNST

RERE

RVMD

SBGI

SNAP

STKL

VRNS

U.S. stocks traded higher, with the Dow Jones gaining more than 350 points on Monday. Here are some stocks recording big gains in today’s session.

Lululemon, PCTEL, Consolidated Communications, Other Stocks Jumping Higher On Monday

Asia

AAGIY

BEKE

CNGKY

HSBC

TCEHY

XIACF

YUMC

As Hong Kong markets have sold off hard over the past few months, corporate stock repurchases have surged to an all-time high.

Here&#39;s A List Of The Top 10 Hong Kong Companies Buying Back Their Shares In September

Tuya Inc. American Depositary Shares, each representing one Class A Ordinary Share

Tuya Inc

Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) reported quarterly earnings of $4.55 per share which missed the analyst consensus estimate of $4.63 by 1.73 percent. This is a 0.44 percent increase over earnings of $4.53 per share from the same period last year. The company reported quarterly sales of $1.35 billion which missed the analyst consensus estimate of $1.40 billion by 3.57 percent. This is a 2.39 percent decrease over sales of $1.38 billion the same period last year.

Earnings

Teledyne Technologies Q1 Adj. EPS $4.55 Misses $4.63 Estimate, Sales $1.35B Miss $1.40B Estimate

Wabash National (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WNC#NYSE">WNC</a>) reported quarterly earnings of $0.39 per share which missed the analyst consensus estimate of $0.45 by 13.33 percent. This is a 62.5 percent decrease over earnings of $1.04 per share from the same period last year. The company reported quarterly sales of $515.28 million which missed the analyst consensus estimate of $516.85 million by 0.30 percent. This is a 17.02 percent decrease over sales of $620.95 million the same period last year.

Earnings Misses

Wabash National Q1 Adj $0.39 Misses $0.45 Estimate, Sales $515.28M Miss $516.85M Estimate

On April 23, 2024, the Board of Directors of Evercore declared a quarterly dividend of&nbsp;$0.80&nbsp;per share to be paid on June 14, 2024 to common stockholders of record on May 31, 2024.

Dividends

General

Evercore Increased Quarterly Dividend 5% To $0.80/Share

VCIG

Legacy Credit Announce A Substantial Investment Exceeding 5% Stake Through A Private Placement In VCI Global Limited

TotalEnergies SE&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) disclosed that its affiliate, TotalEnergies EP Congo,&nbsp;<a target="_blank" href="https://totalenergies.com/news/press-releases/republic-congo-totalenergies-increases-its-interest-giant-field-moho-and" rel="noreferrer noopener">inked&nbsp;</a>a deal with&nbsp;Trident Energy&nbsp;for a combination of purchase and sale transactions in the Republic of&nbsp;Congo.
In particular, the oil giant will acquire an additional 10% stake in the Moho license from Trident Energy and sell its 53.5% interest in the Nkossa and Nsoko II licenses to the company.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37887001/totalenergies-revitalizes-danish-north-sea-operations-tyra-hub-production-restarted" rel="noreferrer noopener">TotalEnergies Revitalizes Danish North Sea Operations: Tyra Hub Production Restarted</a>
Moho is a deep offshore field located 80 kilometers off the coast of Pointe Noire. Meanwhile, Nkossa and Nsoko II are two offshore fields situated 70 kilometers off the coast, which are matured oil fields currently producing a combined 15 kboe/d (100%).&nbsp;
The deal completion is subject to particular regulatory approvals and the closure of Trident&nbsp;Energy&#8217;s&nbsp;acquisition of Chevron Congo.
Post closure, TotalEnergies EP Congo will hold a 63.5% operated interest in the Moho license alongside Trident Energy (21.5%) and the Société Nationale des Pétroles du Congo (SNPC, 15%).&nbsp;
Mike Sangster, Senior Vice President&nbsp;Africa, Exploration&nbsp;and&nbsp;Production at&nbsp;TotalEnergies&nbsp;said,&nbsp;&#8220;With these transactions, TotalEnergies continues&nbsp;to dynamically manage its portfolio. In line with our strategy, we focus on&nbsp;low cost,&nbsp;low emission&nbsp;assets,&nbsp;and leverage our deep offshore expertise.&#8221;
&#8220;As a long-term partner of the Republic of Congo, TotalEnergies remains fully committed to the country through our increased stake and operatorship in&nbsp;Moho&nbsp;field,&nbsp;and is preparing&nbsp;for the drilling of&nbsp;an exploration well on the Marine XX license before summer 2024.&#8221;
Yesterday, Total Energies reported that they&nbsp;had begun&nbsp;construction of&nbsp;New York&nbsp;State&#8217;s&nbsp;largest&nbsp;onsite solar generating and storage system at John F. Kennedy (JFK) International Airport in collaboration with the Port Authority of&nbsp;New York&nbsp;and&nbsp;New Jersey&nbsp;(PANYNJ) and&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38386577/totalenergies-begins-construction-of-12-mw-solar-project-at-new-yorks-jfk-airport" rel="noreferrer noopener">the New York Power Authority (NYPA)</a>.
Last week, TotalEnergies announced a strategic partnership with OK Petroleum,&nbsp;a&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38339325/whats-going-on-with-totalenergies-shares-friday" rel="noreferrer noopener">distributor in&nbsp;Long Island, NY</a>.
Investors can gain exposure to the stock via&nbsp;First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIPX#NYSE">EIPX</a>)&nbsp;and&nbsp;Keating Active ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KEAT#NASDAQ">KEAT</a>).
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38375376/double-play-in-asia-totalenergies-expands-gas-portfolio-in-malaysia-and-oman" rel="noreferrer noopener">Double Play in Asia: TotalEnergies Expands Gas Portfolio in Malaysia and Oman</a>
Price Action: TTE shares are up 0.05% at $73.01 premarket&nbsp;at the last check Wednesday.

Equities

Asset Sales

First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF

EIPX

KEAT

TotalEnergies Trades Mature Assets for Growth In Low-Emission Congolese Oil Field

The Dow Jones index closed higher by over 250 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#8217;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Conn&#8217;s</h3>
<ul>
<li>The Trade: Conn&#8217;s, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CONN#NASDAQ">CONN</a>) Director Douglas H Martin <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 10,817 shares</a> at an average price of $3.71. To acquire these shares, it cost around $40,103.</li>
<li>What's Happening: On April 11, the company reported fourth-quarter adjusted earnings per share of $(1.25) loss, narrower than the street view of $(1.57).</li>
<li>What Conn&#8217;s Does: Conn&#8217;s Inc is a US-based specialty retailer selling durable consumer goods and related services.</li>
</ul>
<h3 class="wp-block-heading">Mobile Infrastructure</h3>
<ul>
<li>The Trade: Mobile Infrastructure Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEEP#NYSE">BEEP</a>) CEO Manuel Chavez III <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 5,442 shares at</a> an average price of $3.44. To acquire these shares, it cost around $18,720.</li>
<li>What's Happening: Mobile Infrastructure is expected to issue its first quarter 2024 earnings release on May 15, 2024.</li>
<li>What Mobile Infrastructure Does: Mobile Infrastructure Corp focuses on acquiring, owning, and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States.</li>
</ul>
<h3 class="wp-block-heading">Alzamend Neuro</h3>
<ul>
<li>The Trade: Alzamend Neuro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALZN#NASDAQ">ALZN</a>) Director Milton C Ault III <a href="https://www.benzinga.com/sec/insider-trades/">acquired a total of 1,000 shares</a> at an average price of $0.69. The insider spent around $688 to buy those shares.</li>
<li>What's Happening: On Dec. 11, 2023, Alzamend Neuro received a &#8220;Study May Proceed&#8221; letter from the FDA for the initiation of study AL001-PTSD01, a Phase 2A study of AL001 for post-traumatic stress disorder (PTSD).</li>
<li>What Alzamend Neuro Does: Alzamend Neuro Inc is an early clinical-stage biopharmaceutical company.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38396543/meta-likely-to-report-higher-q1-earnings-here-are-the-recent-forecast-changes-from-wall-streets-mos">Meta Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>

Long Ideas

Insider Trades

ALZN

Mobile Infrastructure Corporation Common Stock

BEEP

CONN

Alzamend Neuro And 2 Other Stocks Under $5 Insiders Are Buying

<ul>
<li>Continue to expect total revenue to decline by a low- to mid-single digit percentage vs. 2023 and expect core pharmaceutical revenue (product revenue + LEQEMBI) to be flat vs. 2023</li>
<li>Continue to expect operating income to grow low-double digit percentage vs. 2023 with expected midsingle digit percentage point operating margin improvement</li>
</ul>

Biotech

Guidance

Health Care

BIIB

Biogen Reaffirms 2024 Adjusted EPS Guidance Of $15.00-$16.00, Representing EPS Growth Of Approximately 5% Versus 2023 At The Mid-point Versus Consensus Of $15.48

Excluding an estimated&nbsp;$0.40&nbsp;per share impact of restructuring charges and other items, the company continues to expect 2024 adjusted earnings per share of&nbsp;$9.00&nbsp;to&nbsp;$9.50.

Avery Dennison Corporation Lowers FY24 Guidance Range For Reported Earnings Per Share From $8.65-$9.15 To $8.60-$9.10

B of A Securities analyst Andrew Obin initiates coverage on GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) with a Neutral rating and announces Price Target of $150.

Price Target

Initiation

Analyst Ratings

B of A Securities Initiates Coverage On GE Vernova with Neutral Rating, Announces Price Target of $150

Earnings Beats

BXMT

Blackstone Mortgage Trust Q1 2024 Distributable EPS Prior To Charge-Offs $0.65 vs $0.43 Estimate

MAG Silver Announces That Juanicipio Processed 325,684 Tonnes Of Ore In Q1

Guggenheim analyst Joseph Osha downgrades Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) from Neutral to Sell and announces $92 price target.

Downgrades

ENPH

Guggenheim Downgrades Enphase Energy to Sell, Announces $92 Price Target

Evercore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVR#NYSE">EVR</a>) reported quarterly earnings of $2.13 per share which beat the analyst consensus estimate of $2.09 by 1.91 percent. This is a 1.39 percent decrease over earnings of $2.16 per share from the same period last year. The company reported quarterly sales of $587.328 million which missed the analyst consensus estimate of $636.381 million by 7.71 percent. This is a 1.65 percent increase over sales of $577.782 million the same period last year.

Evercore Q1 2024 Adj EPS $2.13 Beats $2.09 Estimate, Sales $587.328M Miss $636.381M Estimate

Baird analyst Eric Coldwell maintains Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) with a Outperform and raises the price target from $446 to $454.

MEDP

Baird Maintains Outperform on Medpace Hldgs, Raises Price Target to $454

Lennox Reaffirms FY24 Revenue Guidance Of Approximately 7%, With 2% Of Benefit From AES Acquisition; Revises EPS Guidance From $18.50-$20.00 To $19.00-$20.00, Est $19.72

HELE

Helen Of Troy Sees FY25 Adj EPS Of $8.70-$9.20 Vs. $9.72 Est.

CNX Resources And Deep Well Services Announced A Joint Venture To Launch AutoSepSM Technologies, A New Oilfield Service Company Providing Step Change Improvement To Conventional Flowback Operations

Biogen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) reported quarterly earnings of $3.67 per share which beat the analyst consensus estimate of $3.44 by 6.69 percent. This is a 7.94 percent increase over earnings of $3.40 per share from the same period last year. The company reported quarterly sales of $2.291 billion which missed the analyst consensus estimate of $2.311 billion by 0.87 percent. This is a 7.00 percent decrease over sales of $2.463 billion the same period last year.

Biogen Q1 2024 Adj EPS $3.67 Beats $3.44 Estimate, Sales $2.291B Miss $2.311B Estimate

Baird analyst Catherine Schulte maintains Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) with a Outperform and raises the price target from $259 to $271.

Baird Maintains Outperform on Danaher, Raises Price Target to $271

Helen Of Troy Sees FY25 $1.965B - $2.025B Vs. $2.04B Est.

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Tuya (TUYA – Research Report), Agilysys (AGYS – Rese...

Analysts Are Bullish on These Technology Stocks: Tuya (TUYA), Agilysys (AGYS)

Tuya Inc (TUYA) is up Monday morning, with the stock climbing 2.23% in pre-market trading to 2.29. TUYA's short-term technical score of 52 indicates that the stock has traded more bullishly over the last month than 52% of stocks on the market. In the Software - Infrastructure industry, which ranks 37 out of 146 industries,

Tuya Inc (TUYA) Up 2.23% in Premarket Trading

Part 2: New Selections For 2024 Long-Term Portfolios And Their Performance Vs. The S&P 500 Since 2018

Tuya: Positive Short-Term And Long-Term Outlook (Rating Upgrade)

Overall market sentiment has been high on Tuya Inc (TUYA)  stock lately. TUYA receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator. Tuya Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TUYA!See Full TUYA ReportWhat is Stock Sentiment?Sentiment

Is Tuya Inc (TUYA) a Stock to Watch After Gaining 19.28% This Week?

Tuya Non-GAAP EPS of -$0.01 misses by $0.03, revenue of $64.4M beats by $2.68M

Tuya, Inc. (TUYA) Q4 2023 Earnings Call Transcript

Tuya's Losses Narrow, But Stock Still Looks Pricey

Tuya, Inc. (TUYA) has released an update. Tuya Inc., a company incorporated in the Cayman Islands with weighted voting rights, has reported no chan...

Tuya Inc. Maintains Stable Share Capital

Tuya, Inc. (TUYA) has released an update. Tuya Inc. has announced the grant of 90,000 Restricted Share Units (RSUs) to two of its employees under t...

Tuya Inc. Awards RSUs to Employees for Growth

AGYS

BLUE

CARG

CRWD

ESTA

GASS

SPCE

Press Releases

Tuya Smart to Showcase Its Cutting-edge Technologies and Innovative Solutions at CES 2024

Tuya to Participate in Fireside Chat Series at the CES 2024

Tuya Highlighted Its Theme for CES 2024 to Shape the Future of "All Together, All On Smart"

Commodities

Tuya Developer Day at CES 2024: Advanced Technologies to Develop Future Smart World

Tuya Developer Day at CES 2024 Features Inspiring Panel on Jointly Driving Smart, Secure, Connected Future

Tuya Highlights Home Energy Management System and Net Zero Solutions for Smart Energy Industry at CES 2024

Tuya Smart Showcased Multiple Innovative Offerings at CES 2024 With Market-Leading Innovations

Tuya Smart Delivers IoT Best Practice Using Amazon Aurora, Leads the Direction of Cloud Database Innovation Use Cases with Amazon Web Services

Tuya to Report Fourth Quarter 2023 Financial Results on February 27, 2024 Eastern Time