DouYu International Holdings Limited (NASDAQ: DOYU) stock jumped 6.59% on Friday to $1.78 against a previous-day closing price of $1.67. With 1.36 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.42 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $1.8200 whereas the lowest price it dropped to was $1.6800. The 52-week range on DOYU shows that it touched its highest point at $2.62 and its lowest point at $0.90 during that stretch. It currently has a 1-year price target of $1.41. Beta for the stock currently stands at 0.90.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DOYU was up-trending over the past week, with a rise of 7.88%, but this was up by 23.61% over a month. Three-month performance surged to 63.30% while six-month performance rose 37.98%. The stock lost -26.45% in the past year, while it has gained 27.14% so far this year. A look at the trailing 12-month EPS for DOYU yields -0.17 with Next year EPS estimates of 0.04. For the next quarter, that number is 0.01. This implies an EPS growth rate of -221.60% for this year and 100.00% for next year. EPS is expected to grow by 36.31% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.50%.
Float and Shares Shorts:
At present, 319.66 million DOYU shares are outstanding with a float of 317.45 million shares on hand for trading. On Oct 13, 2022, short shares totaled 15.04 million, which was 4.74% higher than short shares on Sep 14, 2022. In addition to Mr. Shaojie Chen as the firm’s Founder, Chairman & CEO, Mr. Chao Cheng serves as its Chief Operational Officer.
Through their ownership of 19.97% of DOYU’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.12% of DOYU, in contrast to 15.60% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in DOYU with 4.05% of the stake, Oasis Management holds 12,869,051 shares worth 12,869,051. A second-largest stockholder of DOYU, Pentwater Capital Management LP, holds 9,626,000 shares, controlling over 3.03% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in DOYU, holding 4,359,323 shares or 1.37% stake. With a 0.64% stake in DOYU, the Vanguard Emerging Markets Stock I is the largest stakeholder. A total of 2,041,762 shares are owned by the mutual fund manager. The Vanguard Total International Stoc, which owns about 0.59% of DOYU stock, is the second-largest Mutual Fund holder. It holds 1,878,388 shares valued at 2.63 million. Government Pension Fund – Global holds 0.49% of the stake in DOYU, owning 1,539,274 shares worth 2.15 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DOYU since 7 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DOYU analysts setting a high price target of $22.21 and a low target of $7.13, the average target price over the next 12 months is $10.85. Based on these targets, DOYU could surge 1147.75% to reach the target high and rise by 300.56% to reach the target low. Reaching the average price target will result in a growth of 509.55% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DOYU will report FY 2022 earnings on 03/13/2024. Analysts have provided yearly estimates in a range of $0.05 being high and -$0.41 being low. For DOYU, this leads to a yearly average estimate of -$0.20. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. DouYu International Holdings Limited surprised analysts by -$0.00 when it reported -$0.00 EPS against a consensus estimate of $0.00. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $0.07 and the low estimate is $0.07. The average estimate for the next quarter is thus $0.07.