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Tuya ( (TUYA) ) has provided an update.
On March 5, 2026, Tuya reported to U.S. regulators that it had filed its monthly return with the Hong Kong Stock Exchange detailing movements in its share capital for February 2026. The filing shows Tuya’s authorized capital remained unchanged at 1 billion WVR ordinary shares, while issued Class A shares rose by 12,300 to about 542.48 million and Class B shares stayed flat at just over 70.16 million.
The increase in Class A shares largely reflects employee incentive activity, including exercises of 11,300 options under the 2015 Equity Incentive Plan and the vesting of 1,000 restricted share units, partially offset by 5,400 shares previously repurchased but not yet cancelled. Tuya confirmed it continues to meet Hong Kong’s minimum public float requirements, signaling stable market liquidity and ongoing reliance on equity-based compensation under its 2015 plan and 2024 share scheme.
The most recent analyst rating on (TUYA) stock is a Buy with a $3.50 price target. To see the full list of analyst forecasts on Tuya stock, see the TUYA Stock Forecast page.
Spark’s Take on TUYA Stock
According to Spark, TipRanks’ AI Analyst, TUYA is a Neutral.
The score is driven primarily by solid financial quality (strong balance sheet and improving cash flow) and a favorable earnings update highlighting higher profitability and strong liquidity. Offsetting factors include only modest revenue growth, mixed profitability signals in the financial statements, and a lukewarm technical picture with limited momentum. Valuation is balanced by a high P/E despite an attractive dividend yield.
To see Spark’s full report on TUYA stock, click here.
More about Tuya
Tuya Inc. is a Cayman Islands–incorporated company headquartered in Hangzhou, China, and listed in Hong Kong under stock code 02391. It operates as a foreign private issuer with a weighted voting rights structure and maintains both Class A and Class B WVR ordinary shares as part of its authorized share capital structure.
Average Trading Volume: 1,383,129
Technical Sentiment Signal: Buy
Current Market Cap: $1.49B
Find detailed analytics on TUYA stock on TipRanks’ Stock Analysis page.

