At the time of writing, DouYu International Holdings Ltd ADR [DOYU] stock is trading at $0.76, up 4.97%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DOYU shares have gain 5.56% over the last week, with a monthly amount glided 5.37%, and seem to be holding up well over a long-time horizon.
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On 28, December 2023, DouYu International Holdings Limited Announces Share Repurchase Program. In a post published today on Yahoo Finance, DouYu International Holdings Limited (“DouYu” or the “Company”) (Nasdaq: DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced that its board of directors and management have authorized a share repurchase program under which the Company may repurchase up to US$20 million of its ordinary shares in the form of American depositary shares during a period of up to twelve months commencing on January 1, 2024, subject to the relevant rules under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
From an analyst’s perspective:
DouYu International Holdings Ltd ADR [NASDAQ: DOYU] stock has seen the most recent analyst activity on April 14, 2023, when JP Morgan upgraded its rating to a Neutral and also boosted its price target to $1.20 from $1.10. Previously, Citigroup downgraded its rating to Sell on November 22, 2022, and dropped its price target to $1.10. On March 14, 2022, downgrade downgraded it’s rating to Underweight but maintained its price target of $1.20 on the stock. China Renaissance downgraded its rating to Hold for this stock on November 05, 2020, and upped its price target to $16.06. In a note dated October 14, 2020, JP Morgan downgraded an Neutral rating on this stock.
For the past year, the stock price of DouYu International Holdings Ltd ADR fluctuated between $0.70 and $1.29. DouYu International Holdings Ltd ADR [NASDAQ: DOYU] shares were valued at $0.76 at the most recent close of the market.
Analyzing the DOYU fundamentals
According to DouYu International Holdings Ltd ADR [NASDAQ:DOYU], the company’s sales were 838.85M for trailing twelve months, which represents an -28.52% plunge. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.7347 points at the first support level, and at 0.7094 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7826, and for the 2nd resistance point, it is at 0.8052.
DouYu International Holdings Ltd ADR [DOYU] reported earnings per share of $0.03 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.03/share, meaning a difference of $0 and a surprise factor of 0.00%.
Ratios To Look Out For
It is important to note that DouYu International Holdings Ltd ADR [NASDAQ:DOYU] has a current ratio of 4.56. Also, the Quick Ratio is 4.56, while the Cash Ratio stands at 2.71. Considering the valuation of this stock, the price to sales ratio is 0.29, the price to book ratio is 0.26 and price to earnings (TTM) ratio is 12.16.
