BlackRock Fund Advisors has recently announced that it has increased stake in DouYu International Holdings Ltd ADR (NASDAQ:DOYU) by 0.51%. After grabbing 2.6 million shares, the institutional investor is now in possession of 13264.0 shares of the Communication Services Company. The new investment brought the stake of investor firm to 0.81% having worth around $1.83 million. Moreover, Acadian Asset Management LLC increased its share by 0.43 million to have a control over 2.49 million shares.
DouYu International Holdings Ltd ADR (DOYU) concluded trading on 12/28/23 at a closing price of $0.89, with 5.25 million shares of worth about $4.68 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.27% during that period and on Thursday the price saw a gain of about 22.47%. Currently the company’s common shares owned by public are about 319.78M shares, out of which, 316.28M shares are available for trading.
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Vanguard Emerging Markets Stock I, Vanguard Total International Stoc, and SPDR S&P Kensho New Economies Com are the top 3 mutual funds which are holding stakes in DouYu International Holdings Ltd ADR Vanguard Emerging Markets Stock I is currently holding 2.14 million shares of worth totaling $1.5 million. The company recently came buying 0.0 shares which brought its stake up to 0.67% of the company’s outstanding shares. SPDR S&P Kensho New Economies Com, after buying 1.45 million shares, have now control over 0.45% of the stake in the company. It holds 0.0 shares of worth $1.02 million.
DouYu International Holdings Ltd ADR (NASDAQ: DOYU) started trading at $0.777, above $0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 0.9100, or with a gain of 22.47%. Stock saw a price change of 21.64% in past 5 days and over the past one month there was a price change of 14.75%. Year-to-date (YTD), DOYU shares are showing a performance of -36.31% which decreased to -38.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.70 but also hit the highest price of $2.12 during that period. The average intraday trading volume for DouYu International Holdings Ltd ADR shares is 884.81K. The stock is currently trading 19.19% above its 20-day simple moving average (SMA20), while that difference is up 6.39% for SMA50 and it goes to -11.28% lower than SMA200.
BlackRock Fund Advisors acquired 2.6 million shares of DouYu International Holdings Ltd ADR having value of about $1.83 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 13264.0 shares in the company valued at close to $11804.96, or have control over 0.51% stake in the company. DouYu International Holdings Ltd ADR (NASDAQ: DOYU) currently have 319.78M outstanding shares and institutions hold larger chunk of about 18.08% of that. Holding of mutual funds in the company is about 14.94% while other institutional holders and individual stake holders have control over 3.12% and — of the stake respectively.
The stock has a current market capitalization of $285.12M and its 3Y-monthly beta is at 0.98. PE ratio of stock for trailing 12 months is 14.27, while it has posted earnings per share of $0.06 in the same period. Its PEG reads 0.39 and has Quick Ratio of 4.56 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DOYU, volatility over the week remained 6.67% while standing at 6.46% over the month.
Analysts are in expectations that DouYu International Holdings Ltd ADR (DOYU) stock would likely to be making an EPS of -$0.02 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.03 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.02 which is -$0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 310.99% while it is estimated to decrease by -95.42% in next year. EPS is likely to grow at an annualized rate of 36.31% for next 5-years, compared to annual growth of 33.72% made by the stock over the past 5-years.
Analysts at 6 brokerage firms have issued recommendations for the DouYu International Holdings Ltd ADR (DOYU)’s stock and average of those rates the stock at a “Moderate Sell” and assign it a score of 4.00. Out of those 6 Wall Street analysts, 0 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 3 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on April 14, 2023 offering a Neutral rating for the stock and assigned a target price range of between $1.10 and $1.20 to it.
