The decline in DouYu International Holdings Limited (DOYU) stock price is a huge buying opportunity

DouYu International Holdings Limited (NASDAQ: DOYU) is 5.79% higher on its value in year-to-date trading and has touched a low of $6.11 and a high of $17.85 in the current 52-week trading range. The DOYU stock was last observed hovering at around $11.70 in the last trading session, with the day’s loss setting it -0.35% off its average median price target of $102.81 for the next 12 months. It is also 90.2% off the consensus price target high of $115.85 offered by 8 analysts, but current levels are 88.18% higher than the price target low of $95.99 for the same period.

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Currently trading at $11.35, the stock is -2.68% and -12.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing -2.99% at the moment leaves the stock -5.03% off its SMA200. DOYU registered 25.00% gain for a year compared to 6-month loss of -14.29%. The firm has a 50-day simple moving average (SMA 50) of $12.22 and a 200-day simple moving average (SMA200) of $13.74.

The stock witnessed a -2.34% gain in the last 1 month and extending the period to 3 months gives it a -11.56%, and is 1.65% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.52% over the week and 4.26% over the month.

DouYu International Holdings Limited (DOYU) has around 1948 employees, a market worth around $3.87B and $1.44B in sales. Current P/E ratio is 33.62 and Fwd P/E is 17.73. Profit margin for the company is 9.00%. Distance from 52-week low is 85.76% and -36.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.80%).

DouYu International Holdings Limited (DOYU) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for DouYu International Holdings Limited (DOYU) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 2.60, where 6 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

DouYu International Holdings Limited is expected to release its quarterly report on 06/01/2021 and quarterly earnings per share for the current quarter are estimated at $0.08 with sales reaching $409.84M over the same period.The EPS is expected to grow by 104.60% this year, but quarterly earnings will post 47.70% year-over-year. Quarterly sales are estimated to grow 39.00% in year-over-year returns.

DouYu International Holdings Limited (DOYU) Top Institutional Holders

143 institutions hold shares in DouYu International Holdings Limited (DOYU), with 5.62M shares held by insiders accounting for 1.75% while institutional investors hold 17.91% of the company’s shares. The shares outstanding are 320.02M, and float is at 314.31M with Short Float at 2.95%. Institutions hold 17.60% of the Float.

The top institutional shareholder in the company is FIL LTD with over 9.78 million shares valued at $129.26 million. The investor’s holdings represent 3.08% of the DOYU Shares outstanding. As of Sep 29, 2020, the second largest holder is FMR, LLC with 5.36 million shares valued at $70.83 million to account for 1.69% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 2.98 million shares representing 0.94% and valued at over $39.33 million, while UBS Group AG holds 0.85% of the shares totaling 2.7 million with a market value of $35.63 million.

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