Youdao, Inc. (NYSE:DAO) concluded the trading on Wednesday, Sep 16, with a fall of -2.29% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $26.59 and 5Y monthly beta was reading 0 with its price kept floating in the range of $25.81 and $28.91 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that DAO hit a high price of $47.7 and saw its price falling to a low level of $12.01 during that period. Over a period of past 1-month, stock came losing -27.87% in its value.
With its current market valuation of $2.93 Billion, Youdao, Inc. is set to declare its quarterly results on August 13, 2020. DAO Stock’s Forward Dividend of 0 and its yield of 0 are making investors’ thoughts stronger that it could fall further before the company announces its earnings for the current quarter. Analysts are in estimates of -$0.9 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving down to -$1.75 for 2020 with estimates of that growing to -$1.24 in next year. These estimates are suggesting current year growth of 0.84% for EPS and -0.29% growth next year.
In contrast, when we review DAO stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of Hold for it.
According to ratings assigned by 10 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 3 of them are recommending Youdao, Inc. (DAO) as a Hold, while 7 are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
In comparing Youdao, Inc. (DAO)’s stock with other industry players reveals that stock’s latest price change of -2.29% and that of 0% over the past 12 months is in competing position with that of Spotify Technology S.A. (SPOT) which saw its stock price fell by -1.29% in the recent trading and went through an increase of 81.94% in past 12-month trading. Industry’s another major player Thomson Reuters Corp (TRI) has fell -0.98% down in latest trading session, but over the past year has faced a rise of 14.9%, while Docusign Inc (DOCU) is also down -2.29% however its price remained floating in the red at 0% over the same period. Youdao, Inc. has a P/E ratio of 0 against that of Spotify Technology S.A.’s 0 while Thomson Reuters Corp is showing 104.06 for the same. On the other hand, the S&P 500 Index was down -0.46% in the early deals while the Dow Jones Industrial was dealing higher at 0.13%.
Having a second look at Youdao, Inc. (NYSE:DAO) provides that stock’s average daily trading volume for 3 months was 445.12 Million, while it jumped to 636.08 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 111.77 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 5.19% while it is 44.23% for the institutional holders. The figures also indicate that as of August 30, 2020, number of stock’s short shares was 258000000 which implies a short ratio of 1.26. This shows up a 0.53% of Short Interest in company’s outstanding shares on the day. In August the standing of shares short declined as it was 261.32 Million in the previous month. Addition of +84.52% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.