Growth Story Still Intact For DouYu International Holdings Ltd ADR (DOYU)

DouYu International Holdings Ltd ADR (DOYU) concluded trading on Wednesday at a closing price of $17.81, with 5.25 million shares of worth about $93.43 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 94.51% during that period and on Wednesday the price saw a gain of about 41.46%. Currently the company’s common shares owned by public are about 31.98M shares, out of which, 31.63M shares are available for trading.

Stock saw a price change of 61.61% in past 5 days and over the past one month there was a price change of 77.92%. Year-to-date (YTD), DOYU shares are showing a performance of 87.47% which increased to 66.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.29 but also hit the highest price of $12.99 during that period. The average intraday trading volume for DouYu International Holdings Ltd ADR shares is 105.89K. The stock is currently trading 70.04% above its 20-day simple moving average (SMA20), while that difference is up 79.49% for SMA50 and it goes to 105.07% higher than SMA200.

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DouYu International Holdings Ltd ADR (NASDAQ: DOYU) currently have 31.98M outstanding shares and institutions hold larger chunk of about 14.82% of that.

The stock has a current market capitalization of $569.54M and its 3Y-monthly beta is at 0.94. It has posted earnings per share of -$0.29 in the same period. It has Quick Ratio of 4.39 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 9.58% while standing at 5.87% over the month.

Stock’s fiscal year EPS is expected to drop by -941.83% while it is estimated to increase by 61.46% in next year.

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. Coverage by Citigroup stated DouYu International Holdings Ltd ADR (DOYU) stock as a Sell in their note to investors on November 22, 2022, suggesting a price target of $1.10 for the stock. On March 14, 2022, JP Morgan Downgrade their recommendations, while on December 27, 2021, BofA Securities Resumed their ratings for the stock with a price target of $3.30. Stock get a Hold rating from China Renaissance on July 13, 2021.

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