DouYu International Holdings Limited (NASDAQ:DOYU) concluded the trading on Thursday, Oct 15, with a fall of 0% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $15.22 and 5Y monthly beta was reading 0 with its price kept floating in the range of $14.92 and $15.47 on the day. Company’s P/E ratio for the trailing 12 months is 72.82. Considering stock’s 52-week price range provides that DOYU hit a high price of $17.85 and saw its price falling to a low level of $6.11 during that period. Over a period of past 1-month, stock came losing -6.85% in its value.
With its current market valuation of $4.64 Billion, DouYu International Holdings Limited is set to declare its quarterly results on August 10, 2020. DOYU 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 $0.11 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $0.52 for 2020 with estimates of that growing to $0.72 in next year. These estimates are suggesting current year growth of 2.06% for EPS and 0.38% growth next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $389.29 Million. They suggested that in the process company could generate revenue of as low as $375.31 Million which could climb up to $398.85 Million to hit a high. The average estimate is representing an increase of 46.6% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $1.51 Billion in 2020, which will be +45.2% more from revenue generated by the company last year.
In contrast, when we review DOYU stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
According to ratings assigned by 8 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 4 of them are recommending DouYu International Holdings Limited (DOYU) as a Hold, while 4 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 DouYu International Holdings Limited (DOYU)’s stock with other industry players reveals that stock’s latest price change of 0% and that of +113.76% over the past 12 months is in competing position with that of Las Vegas Sands (LVS) which saw its stock price raised by 1.69% in the recent trading and went through a decline of -20.33% in past 12-month trading. Industry’s another major player Penn Natl Gaming Inc (PENN) has jumped 2.92% up in latest trading session, but over the past year has faced a rise of 249.32%, while MGM Resorts International (MGM) is also down 0% however its price remained floating in the green at 113.76% over the same period. DouYu International Holdings Limited has a P/E ratio of 72.82 against that of Las Vegas Sands’s 104.43 while Penn Natl Gaming Inc is showing 0 for the same. On the other hand, the S&P 500 Index was down -0.15% in the early deals while the Dow Jones Industrial was dealing lower at -0.07%.
Having a second look at DouYu International Holdings Limited (NASDAQ:DOYU) provides that stock’s average daily trading volume for 3 months was 2.64 Million, while it jumped to 5.41 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 317.48 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 0% while it is 15.13% for the institutional holders. The figures also indicate that as of September 29, 2020, number of stock’s short shares was 6910000 which implies a short ratio of 3.85. This shows up a 2.18% of Short Interest in company’s outstanding shares on the day. In September the standing of shares short improved as it was 4.7 Million in the previous month. Addition of +79.69% 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.