Tuya Rises 19% in 3 Months: How Should Investors Play the Stock?
TUYATUYA(TUYA) ZACKS·2024-12-24 00:31

Tuya (TUYA) shares have risen 19.2% in the past three months, significantly outpacing the Zacks Computer and Technology and the Zacks Internet - Software industry’s return of 6.8% and 8.1%, respectively. The stock has also outperformed the Technology Select Sector SPDR Fund (XLK) ETF’s three-month return of 5.5%.This outperformance highlights Tuya's strong financial standing, growing SaaS ecosystem and steady revenue growth. The company is benefiting from its strategic focus on enterprise partnerships, tech ...