In the latest trading session, 0.95 million DouYu International Holdings Limited (NASDAQ:DOYU) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $7.76 changed hands at -$0.11 or -1.45% at last look, the market valuation stands at $2.44B. DOYU’s current price is a discount, trading about -164.69% off its 52-week high of $20.54. The share price had its 52-week low at $7.08, which suggests the last value was 8.76% up since then. When we look at DouYu International Holdings Limited’s average trading volume, we note the 10-day average is 2.12 million shares, with the 3-month average coming to 2.77 million.
Analysts gave the DouYu International Holdings Limited (DOYU) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.60. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended DOYU as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. DouYu International Holdings Limited’s EPS for the current quarter is expected to be -$0.05.
DouYu International Holdings Limited (NASDAQ:DOYU) trade information
Instantly DOYU was in red as seen in intraday trades today. With action -4.37%, the performance over the past five days has been red. The drop to weekly highs of 8.45 on Monday, 06/21/21 subtracted -1.45% to the stock’s daily price. The company’s shares are showing year-to-date downside of -28.84%, with the 5-day performance at -4.37% in the red. However, in the 30-day time frame, DouYu International Holdings Limited (NASDAQ:DOYU) is 3.28% up. Looking at the short shares, we see there were 8.78 million shares sold at short interest cover period of 3 days.
The consensus price target for the stock as assigned by Wall Street analysts is $65.03, meaning bulls need an upside of 88.07% from its recent market value. According to analyst projections, DOYU’s forecast low is $52.77 with $78.40 as the target high. To hit the forecast high, the stock’s price needs a -910.31% plunge from its current level, while the stock would need to soar -580.03% for it to hit the projected low.
DouYu International Holdings Limited (DOYU) estimates and forecasts
Data shows that the DouYu International Holdings Limited share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -34.03% over the past 6 months, a -176.67% in annual growth rate that is considerably lower than the industry average of 31.80%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for DouYu International Holdings Limited will fall -131.20%, while the growth in revenue is estimated to hit -150.00% for the next quarter. Year-over-year growth is forecast to reach 2.00% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $363.58 million. 6 analysts are of the opinion that DouYu International Holdings Limited’s revenue for the quarter ending Sep 2021 will be $406.18 million. The company’s revenue for the corresponding quarters a year ago was $371.25 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.10%.
The 2021 estimates are for DouYu International Holdings Limited earnings to decrease by -133.30%, but the outlook for the next 5-year period is at 36.31% per year.
DouYu International Holdings Limited is expected to release its next quarterly earnings report in July.
DouYu International Holdings Limited (NASDAQ:DOYU)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.72% of DouYu International Holdings Limited shares while 31.41% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 31.96%. There are 31.41% institutions holding the DouYu International Holdings Limited stock share, with Capital Research Global Investors the top institutional holder. As of Mar 30, 2021, the company held 3.62% of the shares, roughly 11.74 million DOYU shares worth $122.19 million.
FIL LTD holds the second largest percentage of outstanding shares, with 2.76% or 8.96 million shares worth $93.3 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Smallcap World Fund and American Funds Insurance Ser-Global Small Capitalization Fund. With 9.34 million shares estimated at $97.2 million under it, the former controlled 2.88% of total outstanding shares. On the other hand, American Funds Insurance Ser-Global Small Capitalization Fund held about 0.72% of the shares, roughly 2.35 million shares worth around $24.45 million.