Value Hunters: Look To DouYu International Holdings Limited (DOYU)

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    JPMorgan Securities LLC (Investme. recently announced the acquisition of new stake in DouYu International Holdings Limited (NASDAQ:DOYU). This fresh investment now brings its stake to 1.09% valued currently at $39.91 million. In addition, Value Partners Ltd. raised its holdings by 2.91 million to 2.91 million shares. And The Vanguard Group, Inc. has lifted its position by 38.61% or 0.6 million shares – to 2.14 million shares.

    With over 1.75 million DouYu International Holdings Limited (DOYU) shares trading Thursday and a closing price of $13.14 on the day, the dollar volume was approximately $22.95 million. The shares have shown a positive weekly performance of 13.08% and its price on 07/30/20 gained nearly 4.70%. Currently, there are 328.99M common shares owned by the public and among those 314.31M shares have been available to trade.

    Incidentally, analysts’ outlook for the DouYu International Holdings Limited stock is 1.80 for the next 12 months.

    The top 3 mutual fund holders in DouYu International Holdings Limited are Fidelity Inv. Trust – Emerging Ma, Value Partners Classic Fund, and Fidelity Communication Services C. Fidelity Inv. Trust – Emerging Ma owns 8.48 million shares of the company’s stock, all valued at over $97.84 million. The company bought an additional 75000.0 shares recently to bring their total holdings to about 2.67% of the shares outstanding. Fidelity Communication Services C bought 0.23 million shares to bring its total holdings to over 1.89 million shares at a value of $21.85 million. Fidelity Communication Services C now owns shares totaling to 0.60% of the shares outstanding.

    Shares of DouYu International Holdings Limited (NASDAQ: DOYU) opened at $12.31, down -$0.24 from a prior closing price of $12.55. However, the script later closed the day at $13.14, up 4.70%. The company’s stock has a 5-day price change of 13.08% and 73.12% over the past three months. DOYU shares are trading 55.14% year to date (YTD), with the 12-month market performance up to 34.49% higher. It has a 12-month low price of $6.11 and touched a high of $14.08 over the same period. Currently, 1.75 million shares have been traded, compared to an average intraday trading volume of 1.88 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.81%, 22.79%, and 54.94% respectively.

    Institutional ownership of DouYu International Holdings Limited (NASDAQ: DOYU) shares accounts for 13.10% of the company’s 328.99M shares outstanding. Mutual fund holders own 4.53%, while other institutional holders and individual stakeholders account for 9.13% and — respectively.

    It has a market capitalization of $4.22B. The stock’s trailing 12-month PE ratio is 193.24, while the earnings-per-share (ttm) stands at $0.07. The company has a PEG of 5.31 and a Quick Ratio of 4.80 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.58% over the week and 6.36% over the month.

    Analysts forecast that DouYu International Holdings Limited (DOYU) will achieve an EPS of $0.13 for the current quarter, $0.13 for the next quarter and $0.66 for 2021. The lowest estimate earnings-per-share for the quarter is $0.11 while analysts give the company a high EPS estimate of $0.14. Earnings per share for the fiscal year are expected to increase by 104.60%, and 30.42% over the next financial year.

    Looking at the support for the DOYU, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on May 28, 2020, with the firm’s price target at. Jefferies coverage for the DouYu International Holdings Limited (DOYU) stock in a research note released on December 05, 2019 offered a Buy rating with a price target of. JP Morgan was of a view on December 03, 2019 that the stock is Neutral, while Morgan Stanley gave the stock Equal-Weight rating on December 02, 2019, issuing a price target of. HSBC Securities on their part issued Hold rating on September 16, 2019.

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