STOCKS TELEGRAPH

Tag: YNDX stock

  • Yandex N.V. (YNDX) Stock Dipped in Premarket Following Russian-Ukrainian Conflict.

    Yandex N.V. (YNDX) Stock Dipped in Premarket Following Russian-Ukrainian Conflict.

    Yandex N.V. (YNDX) is a tech-enabled company that develops ML-powered intelligent products and services. Using the company’s platform, the customers and businesses navigate the online and offline world in a better way. The company has delivered world-class search and information services along with navigation products. It also expanded its portfolio into online entertainment, and cloud computing to assist its Russian and international customers.

    The price of YNDX stock during the regular trading on February 25, 2022, was $18.9 with a decline of 6.79%. At last check in the premarket on February 28, 2022, the stock plummeted further by 19.17%.

    YNDX: Key Financials

    On February 15, 2022, YNDX released its financial statement for the fourth quarter of 2021 ended December 31, 2021. Some of the main points are mentioned below.

    Revenue

    Total revenue in the fourth quarter of 2021 was 110.3 RUB million compared to 71.5 RUB million in the same period of 2020. The company observed a gain of 54% in its total revenue over the year.

    EPS

    Diluted net loss per share in Q4 2021 was 2.86 RUB million or 12.19 RUB compared to 95 RUB million or 0.81 RUB (net income per share) in the same quarter of 2020. The company observed a decline in EPS over the year and it topped the analysts’ estimates of EPS target by $0.03.

    YNDX: Events and Happenings

    YNDX will virtually host a Non-Deal Roadshow from March 14-18, 2022. The company’s Executive management will participate in the show. On January 19, 2022, YNDX updated on settling with the Russian Federal Antimonopoly Service and Russian Internet companies’ consortium concerning an antitrust claim brought against the company. The claim was based on the abuse allegations of market dominance by the company. The settlement deal confirmed that the company had fulfilled all warning requirements.

    On December 21, 2021, YNDX reported the completion of the restructuring of its JV with Uber about the ownership of MLU B.V. On December 6, 2021, YNDX announced that its key stockholder and CEO, Arkady Volozh, had decided to a further lock-up of his Class B shares.

    Conclusion

    YNDX stock is on a continuous declining trajectory for the past six months as it observed a decline of 75% in this period. The company’s recent premarket stock decline is likely associated with the continuously escalating Russian-Ukrainian conflict, which impacted the market negatively. There is no recent news or SEC filing available on the company’s official sources.

  • Yandex N.V. (YNDX) stock in a Downtrend Premarket on Russia-Ukraine Conflict Developments

    Yandex N.V. (YNDX) stock in a Downtrend Premarket on Russia-Ukraine Conflict Developments

    On February 17, 2022, Yandex N.V. (YNDX) stock became bearish in the premarket while it had been in an uptrend since February 15. Russian-Ukrainian tensions might be the reason for the recent stock movements in addition to the latest earnings.

    In the previous trading session, the stock remained bullish with a gain of 2.25% at its closing price of $53.58. At the time of writing, the stock had declined by 5.41% in the premarket. Hence, YNDX was trading at $50.68 per share in the premarket, at the last check on Thursday.

    The search engines and online services provider, Yandex N.V. is one of Russia’s biggest tech companies, based in the Netherlands. One could call Yandex Russia’s version of Google. Currently, the company has a market capitalization of $18.7 billion with 321.15 million shares outstanding.

    What is Happening?

    On February 15, the company posted its Q4 and fiscal 2021 financial results but those were not solely responsible for YNDX’s uptrend since then. The company’s earnings were a disaster and showed a huge decline. From a net income in 2020, the company’s earnings turned to a loss in 2021. Moreover, news regarding the Russia-Ukraine conflict also emerged on the same day. According to reports, Russia was said to have started calling some of its troops back from the Ukrainian border. In addition, willingness to resume negotiations was also expected. Thus, the possibility of peace instead of war in Eastern Europe resulted in relief for the investors.

    YNDX being one of the biggest tech companies of Russia is surely set for a huge impact from the anticipated war.

    Current YNDX Movement

    While the positive new developments caused the stock to soar on February 15, it remained bullish on the next day as well. According to bbc.com (today), the Russian claims of removing troops from Ukraine’s border are nothing but false. As per the report, extra troops have arrived at the border in recent days. Thus, the bullishness of the stock on the previous developments has once again turned into bearishness.

    YNDX’s 2021 Financials

    The company reported revenue of RUB 110.3 billion for Q4 2021 and RUB 356.1 billion for the full year 2021. Comparatively, the revenues for Q4 and fiscal 2020 were RUB 71.5 billion and RUB 231.8 billion.

    Furthermore, YNDX had a net loss of RUB 2.9 billion in Q4 2021. While the net loss was RUB 14.6 billion in fiscal 2021, fiscal 2020 saw a net income of RUB 20.3 billion.

    Additionally, for fiscal 2022, the company expects revenues between RUB 490 billion and RUB 500 billion.