Take off with DouYu International Holdings Limited (DOYU): Get ready for trading

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.

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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.

Institutional Ownership:

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.

Analysts Ratings:

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.

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