DouYu International Holdings Limited (NASDAQ:DOYU) finished Friday with a subtraction of -$0.03 to close at $1.05, a downside of -2.78 percent. An average of 463,180 shares of common stock have been traded in the last five days. There was a fall of -$0.1200 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 662,535 shares traded, while the 50-day average volume stands at 726,204.
DOYU stock has decreased by -9.48% in the last month. The company shares reached their 1-month lowest point of $1.0150 on 07/21/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $0.90 and a high of $2.12 in 52 weeks. It has reached a new high 8 times so far this year and lost -25.00% or -$0.3500 in price. In spite of this, the price is down -50.47% from the 52-week high.
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Valuation Metrics
DouYu International Holdings Limited (DOYU) has a trailing price-to-earnings (P/E) ratio of 95.45. The stock’s beta is 1.09. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.34, the price-to-book (PB) ratio at 0.37.
Financial Health
The quick ratio of DouYu International Holdings Limited for the three months ended March 30 was 4.50, and the current ratio was 4.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. DouYu International Holdings Limited’s EBITDA margin for the year ending March 30 is -3.29%, while its operating margin for the same period stands at -5.10%. Its gross profit as reported stood at $143.55 million compared to revenue of $1.03 billion.
Earnings Surprise
For the three-month period that ended March 30, DouYu International Holdings Limited had $364.08 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$10.94 million in the quarter, while revenues were shrunk -734.64%. The analyst consensus anticipated DouYu International Holdings Limited’s latest quarter earnings to come in at $0 per share, but it turned out to be $0.01. For the quarter, EBITDA amounted to -$3.97 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at DouYu International Holdings Limited (DOYU) price momentum. RSI 9-day as of the close on 11 August was 38.73%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.72%.
As of today, DOYU’s price is $1.1020 -10.26% or -$0.1200 from its 5-day moving average. DOYU is currently trading -4.55% lower than its 20-day SMA and -12.50% lower than its 100-day SMA. However, the stock’s current price level is +8.76% above the SMA50 and -3.67% below the SMA200.
The stochastic %K and %D were 24.48% and 39.54%, respectively, and the average true range (ATR) was 0.0655. With the 14-day stochastic at 10.53% and the average true range at 0.0648, the RSI (14) stands at 43.90%. The stock has reached -0.0478 on the 9-day MACD Oscillator while the 14-day reading was at -0.0517.
Analyst Ratings
JP Morgan upgraded DouYu International Holdings Limited (NASDAQ: DOYU) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for DouYu International Holdings Limited (DOYU) among analysts is Underweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell DOYU, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is DOYU’s price target for the next 12 months?
Analysts predict a range of price targets between $6.33 and $15.02, with a median target of $7.80. Taking a look at these predictions, the average price target given by analysts for DouYu International Holdings Limited (DOYU) stock is $8.47.
