At the last check on Friday, DouYu International Holdings Limited’s (NASDAQ:DOYU) stock was up $0.07, moving up 6.13 percent to $1.21. The average number of shares traded per day over the past five days has been 819,435 shares. 1 time new highs have been achieved over the past 5 days, with a $0.0450 gain in that time frame. In the last twenty days, the average volume was 666,684, while in the previous 50 days, it was 726,225.
Since last month, DOYU stock rose 19.79%. Shares of the company fell to $0.9520 on 07/06/23, the lowest level in the past month. A 52-week high of $2.12 was reached on 01/27/23 after having rallying from a 52-week low of $0.90. Since the beginning of this year, DOYU’s stock price has dropped by -13.58% or -$0.1950, and marked a new high 8 times. However, the stock has declined by -42.93% since its 52-week high.
Valuation Metrics
Right now, DouYu International Holdings Limited (DOYU) has a P/E ratio of about 109.99. The stock’s beta is 1.08. Besides these, the trailing price-to-sales (P/S) ratio of 0.38, the price-to-book (PB) ratio of 0.42.
Financial Health
In the three months ended March 30, DouYu International Holdings Limited’s quick ratio stood at 4.50, while its current ratio was 4.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 13.60% percent. In the year ended March 30, operating margins totaled -5.10%. Based on annual data, DOYU earned $143.55 million in gross profit and brought in $1.03 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.10%. Return on equity (ROE) for the past 12 months was -5.80%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DOYU’s revenue fell -39.55% during the quarter, while net income inched up to $1.03 billion. While analysts expected DouYu International Holdings Limited to report $0 quarterly earnings, the actual figure was $0.01 per share. During the quarter, the company generated -$3.97 million in EBITDA. The liabilities of DouYu International Holdings Limited were 227.65 million at the end of its most recent quarter ended March 30, and its total debt was $34.78 million.
Technical Picture
This quick technical analysis looks at DouYu International Holdings Limited’s (DOYU) price momentum. With a historical volatility rate of 65.60%, the RSI 9-day stood at 63.20% on 03 August.
With respect to its five-day moving average, the current DouYu International Holdings Limited price is up by +3.88% percent or $0.0450. At present, DOYU shares trade +12.62% above its 20-day simple moving average and +0.42% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.68% above its SMA50 and +11.57% above its SMA200.
Stochastic coefficient K was 65.04% and Stochastic coefficient D was 64.50%, while ATR was 0.0674. Given the Stochastic reading of 92.68% for the 14-day period, the RSI (14) reading has been calculated as 60.79%.
Analyst Ratings
JP Morgan upgraded its rating on DouYu International Holdings Limited (NASDAQ: DOYU) to a Neutral in a note to investors on April 14, 2023. The analysts firm previously had an Underweight rating on the stock.DouYu International Holdings Limited (DOYU) has been rated Underweight by analysts. According to 3 brokerage firms, DOYU is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate DouYu International Holdings Limited stock as buy, with 1 recommending it as overweight.
With a median target price of $7.80, the current consensus forecast for the stock is $6.33 – $15.02. Based on these forecasts, analysts predict DouYu International Holdings Limited (DOYU) will achieve an average price target of $8.47.
