DouYu International Holdings Ltd ADR (DOYU): Choosing The Technical Investor Route

DouYu International Holdings Ltd ADR (NASDAQ:DOYU) does about 214.69K shares in volume on a normal day but saw 673308 shares change hands in the recent trading day. The company now has a market cap of 563.17M USD. Its current market price is $17.61, marking an increase of 0.86% compared to the previous close of $17.46. The 52 week high reached by this stock is $18.40 whilst the lowest price level in 52 weeks is $6.29. The script in recent trading has seen the stock touch a high of $15 and a low of $6.6.

DouYu International Holdings Ltd ADR (DOYU) has a 20-day trading average at $12.02 and the current price is -4.28% off the 52-week high compared with 179.97% distance from its 52-week low. The 50-day simple moving average of the closing price is $10.66 and its 200-day simple moving average is $8.84. If we look at the stock’s price movements over the week, volatility stands at 9.01%, which decreases to 5.80% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 86.28 to suggest the stock is overbought.

The consensus objective for the share price is $10.24, suggesting that the stock has a potential downside of -71.97% over the period. The median price target is -63.06% away from the current levels at $10.8.

0 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Sell and Wall Street’s advice is for investors to Moderate Sell the stock.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 14, 2023 when JP Morgan upgraded the stock to “Neutral” and issued a price target of between $1.10 and $1.20. Citigroup downgraded the stock to “Sell” from Neutral on November 22, 2022 at a price target of $1.55-$1.10. JP Morgan downgraded its price target at $1.20.

DouYu International Holdings Ltd ADR (DOYU) stock is up 52.73% over the week and 79.15% over the past month. Its price is 85.37% year-to-date and 64.58% over the past year.

The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of 0.11 above consensus estimates by 0.14. The company’s next earnings report forecasts estimating quarterly EPS at 0 and -1.79 for whole year. Expected sales for next quarter are $186.96M, which analysts say will come at $557.94M for the current fiscal year and next year at $570.62M.

Its 12-month price target is $10.8. To reach the target analysts have set, the stock logically needs to shrink -71.97 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $6.6, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $15.

Outstanding shares total 31.98M with insiders holding 3.79% of the shares and institutional holders owning 15.71% of the company’s common stock. The company has a return on investment of -1.02% and return on equity of -1.00%. The beta has a value of 0.97. Price to book ratio is 0.62 and price to sales ratio is 0.79.