DouYu International Holdings Limited (NASDAQ:DOYU) does about 1.42M shares in volume on a normal day but saw 1361135 shares change hands in Friday trading. The company now has a market cap of 530.21M USD. Its current market price is $1.78, marking an increase of 6.59% compared to the previous close of $1.67. The 52 week high reached by this stock is $2.62 whilst the lowest price level in 52 weeks is $0.90. The script in recent trading has seen the stock touch a high of $1.82 and a low of $1.68.
DouYu International Holdings Limited (DOYU) has a 20-day trading average at $1.5705 and the current price is -32.06% off the 52-week high compared with 97.78% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.3647 and its 200-day simple moving average is $1.3324. If we look at the stock’s price movements over the week, volatility stands at 9.96%, which decreases to 9.95% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.05 to suggest the stock is neutral.
7 analysts observing the DouYu International Holdings Limited (DOYU) stock have set the 12-month price targets for the company’s shares at between $7.13 and $22.21. The consensus objective for the share price is $1.41, suggesting that the stock has a potential downside of -26.24% over the period. The median price target is 80.69% away from the current levels at $9.22.
FactSet Research has provided data showing that 7 brokerages have issued ratings for the stock. 3 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 3 have advised that investors hold their positions. The consensus recommendation rating is Underweight and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 22, 2022 when Citigroup downgraded the stock to “Sell” and issued a price target of between $1.55 and $1.10. JP Morgan also downgraded the stock to “Underweight” from Neutral on March 14, 2022 at a price target of $1.20. BofA Securities resumed its price target at $3.30.
The current price level is 14.84%, 31.95%, and 33.32% away from its SMA20, SMA50, and SMA200 respectively, with the DOYU price moving below the 50-day SMA on January 20. DouYu International Holdings Limited (DOYU) stock is up 7.88% over the week and 23.61% over the past month. Its price is 27.14% year-to-date and -26.45% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of $0.01 above consensus estimates by $0.05. The company’s next earnings report is expected on 05/17/2023, with forecasts estimating quarterly EPS at $0.02 and $0.04 for whole year. DOYU’s earnings per share are forecast to grow by 130.80% this year and 25.00% over next year. Expected sales for next quarter are $253.5 million, which analysts say will come at $1.01 billion for the current fiscal year and next year at $1.03 billion. In addition, estimates put the company’s current quarterly revenue at an average of $254.48 million.
Its 12-month price target is $9.22. To reach the target analysts have set, the stock logically needs to shrink -26.24 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $7.13, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $22.21.
Outstanding shares total 319.66M with insiders holding 0.01% of the shares and institutional holders owning 19.97% of the company’s common stock. The company has a return on investment of -10.40% and return on equity of -5.90%. The forward price to earnings ratio is 44.50. The beta has a value of 0.90. Price to book ratio is 0.58 and price to sales ratio is 0.46.
Government Pension Fund – Global raise their holdings by 35.63% in the company over the course of the most recent quarter. It now holds a 0.49% position in DouYu International Holdings Limited thanks to 1.54 million shares amounting to $2.15 million.