Tuya Target of Unusually High Options Trading (NYSE:TUYA)

Tuya Inc. (NYSE:TUYA) was the recipient of unusually large options trading on Tuesday. Traders bought 6,459 call options on the company. This represents an increase of approximately 637% compared to the typical daily volume of 876 call options.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Catalina Capital Group LLC bought a new stake in shares of Tuya during the 4th quarter worth $29,000. Boothbay Fund Management LLC raised its stake in Tuya by 46.0% during the fourth quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company’s stock worth $36,000 after acquiring an additional 6,300 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Tuya in the fourth quarter worth about $40,000. Numerai GP LLC acquired a new stake in shares of Tuya in the 4th quarter valued at approximately $41,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Tuya by 157.9% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company’s stock valued at $52,000 after purchasing an additional 17,877 shares during the last quarter. 11.47% of the stock is currently owned by institutional investors and hedge funds.

Tuya Stock Performance

TUYA opened at $3.57 on Thursday. The firm has a market cap of $1.91 billion, a P/E ratio of -118.83 and a beta of 0.48. The business’s fifty day moving average is $2.39 and its 200-day moving average is $1.88. Tuya has a 52-week low of $1.28 and a 52-week high of $4.63.

Tuya (NYSE:TUYA) last released its earnings results on Wednesday, February 26th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%.

Tuya Company Profile

Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.