In yesterday’s Wall Street session, DouYu International Holdings Limited (NASDAQ:DOYU) shares traded at $1.20, up 3.45% from the previous session.
8 analysts cover DouYu International Holdings Limited (NASDAQ:DOYU), according to research data. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $15.02 and a low of $6.33, we find $7.73. Given the previous closing price of $1.16, this indicates a potential upside of 566.38 percent. DOYU stock price is now 14.01% away from the 50-day moving average and -2.24% away from the 200-day moving average. The market capitalization of the company currently stands at $357.31M.
The stock has received a hold rating from 4 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $8.45 as their price target over the next twelve months.
With the price target enhanced from $1.10 to $1.20, JP Morgan Upgraded its rating from Underweight to Neutral for DouYu International Holdings Limited (NASDAQ: DOYU).
A total of 3.75% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DOYU stock. A new stake in DouYu International Holdings Limited shares was purchased by ACADIAN ASSET MANAGEMENT LLC during the first quarter worth $845,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. invested $551,000 in shares of DOYU during the first quarter. In the first quarter, WELLINGTON MANAGEMENT GROUP LLP acquired a new stake in DouYu International Holdings Limited valued at approximately $301,000. MARSHALL WACE, LLP acquired a new stake in DOYU for approximately $252,000. ENVESTNET ASSET MANAGEMENT INC purchased a new stake in DOYU valued at around $228,000 in the second quarter. In total, there are 90 active investors with 20.30% ownership of the company’s stock.
On Monday morning DouYu International Holdings Limited (NASDAQ: DOYU) stock kicked off with the opening price of $1.1500. During the past 12 months, DouYu International Holdings Limited has had a low of $0.90 and a high of $2.12. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.50, and a quick ratio of 4.50. According to the stock market information, the enterprise value for the company is -$494.76M, which is based on a 109.09 price-to-earnings ratio, a 3.00 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for DOYU is $1.0566 and a two-hundred day moving average price translates $1.2287 for the stock.
The latest earnings results from DouYu International Holdings Limited (NASDAQ: DOYU) was released for Mar, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.01, beating analysts’ expectations of $0 by 0.01. This compares to -$0.04 EPS in the same period last year. The net profit margin was -5.50% and return on equity was -5.80% for DOYU. The company reported revenue of $215.95 million for the quarter, compared to $283.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.76 percent. For the current quarter, analysts expect DOYU to generate $185.84M in revenue.
DouYu International Holdings Limited(DOYU) Company Profile
DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People’s Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers. The company also sponsors professional players and teams, and organizes eSports tournaments. In addition, it streams other content to include a spectrum of live streaming entertainment options, such as talent shows, music, outdoor, and travel. Further, the company records and offers video clips to allow users to watch replays of selective live streaming content. DouYu International Holdings Limited was founded in 2014 and is headquartered in Wuhan, the People’s Republic of China.
