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TUYA - Tuya: This Speculative Stock Should Be On Your Radar
Tuya Inc. American Depositary Shares each representing one Class A
2024-05-21 13:09:16 ET
Summary
Tuya Inc. reported strong Q1 earnings with total revenue increasing by 29.9% year-over-year.
The Internet of Things PaaS segment saw a significant revenue jump of 35.7%.
Tuya's margins expanded, operating expenses declined, and the company moved closer to breakeven, showing positive EPS.
Tuya Inc. ( TUYA ) is a $2 Chinese stock that we flagged last year as a speculative buy. The stock really has not gone anywhere in that time, but we still see it as a speculative stock that has upside. Perhaps best to let it retrace under $2, and keep the position small, but they are growing....