Hywin Holdings Ltd ADR (HYW)

Overview News Price History Why HYW Down? Discussions Forecast

Why is Hywin Holdings Ltd ADR (HYW) Stock down?

We've noticed a 7.22% decline in Hywin Holdings Ltd ADR (HYW) stock during the 2024-05-09 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

13 Dec, 2023:

Shares of Hywin Holdings Ltd ADR (HYW) dropped by 42.61% from $5.75 to $3.30 in the trading on Wednesday, December 13, 2023. The reason why HYW down today is due to disappointing earnings results that the company reported the previous night.

Earnings Miss and Lower Revenue Growth: Hywin Holdings fell short of earnings per share (EPS) estimates, disappointing investors. The company also reported lower-than-expected revenue growth for the fourth quarter. This underperformance was attributed to factors like the uncertain macroeconomic environment and weakness in key markets, including Europe.
Analyst Downgrades and Price Target Reductions: As a consequence of the disappointing earnings report, some analysts downgraded the stock and lowered their price targets due to concerns about the company's profitability.