Should you hold Douyu international (doyu) stock?
The consensus among Wall Street research analysts is that investors should "hold" DouYu International stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DOYU, but not buy additional shares or sell existing shares. View analyst ratings for DouYu International or view top-rated stocks.
What happened to Douyu stock in 2021?
DouYu suffered multiple simultaneous headwinds in 2021, which pressured the stock down more than 94%. First, the government blocked Tencent's (OTCPK:TCEHY) high-potential merger of DouYu and Huya.
Is Douyu’s price too low?
And the price for DouYu appears ridiculously low. In fact, DouYu currently trades at a $400 million market capitalization. But the company has a net-cash position of $970 million, indicating a negative $500 million enterprise value. Moreover, while DouYu has recoded losses in 2021 and early 2022, the company is not necessarily unprofitable.
How much did doyu raise in its IPO?
(DOYU) raised $859 million in an IPO on Wednesday, July 17th 2019. The company issued 67,400,000 shares at a price of $11.50-$14.00 per share. Morgan Stanley, J.P. Morgan, BofA Merrill Lynch and CMBI served as the underwriters for the IPO.
Is DOYU stock a good buy?
The Wall Street analyst predicted that DOUYU INTERNATIONAL HOLDINGS's share price could reach $2.40 by Mar 17, 2023. The average DOUYU INTERNATIONAL HOLDINGS stock price prediction forecasts a potential upside of 95.12% from the current DOYU share price of $1.23.
Is DOYU undervalued?
DOYU fair value DOYU ($1.27) is significantly undervalued...
Will DOYU go up?
Douyu International Holdings Ltd (NASDAQ:DOYU) The 8 analysts offering 12-month price forecasts for Douyu International Holdings Ltd have a median target of 1.72, with a high estimate of 3.95 and a low estimate of 1.10. The median estimate represents a +18.79% increase from the last price of 1.45.
Is DOYU profitable?
Growing Profit Margin: DOYU is currently unprofitable.
How does DouYu make money?
In 2021, the Chinese game-centric live streaming platform Douyu generated about 8.6 billion yuan of revenue from its live streaming business, which accounted for 93.8 percent of its annual revenue. The live streaming revenue includes sales of virtual gifts during live streaming, advertisement services and others.
Is DouYu International a buy right now?
4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DouYu International in the last twelve months. There are...
When is DouYu International's next earnings date?
DouYu International is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022. View our earnings forecast for D...
How were DouYu International's earnings last quarter?
DouYu International Holdings Limited (NASDAQ:DOYU) posted its earnings results on Wednesday, March, 16th. The company reported ($0.08) EPS for the...
What price target have analysts set for DOYU?
4 equities research analysts have issued 1-year target prices for DouYu International's stock. Their forecasts range from $1.20 to $3.30. On averag...
Who are DouYu International's key executives?
DouYu International's management team includes the following people: Mr. Shaojie Chen , Founder, Chairman & CEO (Age 38) Mr. Chao Cheng , Chief...
Who are some of DouYu International's key competitors?
Some companies that are related to DouYu International include Vimeo (VMEO) , Magnite (MGNI) , Eventbrite (EB) , Nextdoor (KIND) , HUYA (HUYA)...
What other stocks do shareholders of DouYu International own?
Based on aggregate information from My MarketBeat watchlists, some companies that other DouYu International investors own include Alibaba Group (B...
When did DouYu International IPO?
(DOYU) raised $859 million in an initial public offering (IPO) on Wednesday, July 17th 2019. The company issued 67,400,000 shares at $11.50-$14.00...
What is DouYu International's stock symbol?
DouYu International trades on the NASDAQ under the ticker symbol "DOYU."
When will Douyu International release its earnings?
Is Douyu International a hold?
DouYu International is scheduled to release its next quarterly earnings announcement on Monday, August 9th 2021. View our earnings forecast for DouYu International.
Did things go well at DOYU recently?
Wall Street analysts have given DouYu International a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but DouYu International wasn't one of them.
How did DOYU stock handle it?
DouYu, a game-centric live streaming platform with headquarters in Wuhan, China, has been pioneering the eSports value chain for more than a decade. Users can enjoy immersive and interactive gaming and live entertainment through DOYU’s mobile apps and PC platform. DOYU’s platform connects live streamers with a deep pool of content.
What happened to Huya and Douyu?
As a result of a termination agreement between DOYU and Tencent dated July 12, 2021, all ancillary agreements contemplated or entered into pursuant to the October 12, 2020 Reassignment Agreement and Schedules were immediately terminated with immediate effect.
Is Douyu a merger?
DouYu International Holdings Ltd said on Monday it had terminated its $5.3 billion deal with Huya Inc, two days after China's market regulator blocked Tencent Holding Ltd's plans to merge the country's top two videogame streaming sites.
Did Douyu merge with Huya?
DouYu Announces Termination of Merger Agreement with Huya. 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 on July 10, 2021, the State Administration for Market Regulation of the People's Republic ...
Did Huya acquire Douyu?
Chinese streaming firm DouYu terminates $5.3 billion merger with Huya. China's State Administration of Market Regulation (SAMR) on Saturday said it would block the deal on antitrust grounds, confirming an earlier Reuters report.
Is Tencent a Chinese company?
(Bloomberg) -- Chinese regulators rejected Huya Inc.’s proposal to acquire rival DouYu International Holdings Ltd., killing a deal that would have helped cement Tencent Holdings Ltd.’s lead in video game-streaming.The deal wasn’t approved because it would strengthen Tencent’s dominance in China’s game streaming market, giving it an anti-competitive edge, the State Administration for Market Regulation said in a statement on Saturday. Huya and DouYu together have more than 80% of the market based
What did John Donuts do after 20 years?
China's antitrust regulator is set to formally block Tencent Holdings Ltd's plan to merge the country's top two videogame streaming sites, Huya and DouYu, three people familiar with the matter told Reuters. Tencent has failed to come up with sufficient remedies to meet the State Administration of Market Regulation's (SAMR) requirements on giving up exclusive rights, said two of the people. The internet giant recently withdrew the merger application for antitrust review and refiled it after SAMR told the company it could not complete the review of the merger within 180 days since its first filing, one of them and a separate person said.
Is Douyu a tie up?
After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio.
Who owns Huya?
So what. DouYu was on a yearlong tear in 2020 as rumors of a tie-up with rival game-streamer HUYA ( NYSE:HUYA) swirled, and Chinese digital conglomerate Tencent Holdings ( OTC:TCEHY) offered to mediate a merger of the two. Image source: Getty Images.
What is Stock Sentiment?
Image source: Getty Images. Tencent is a majority owner of HUYA and has a significant stake in DouYu as well. A merger of the live-streamers would be a big win for Tencent as HUYA is China's most popular online gaming site and DouYu is second, with the two having a combined market share in China in excess of 80%.
More About DouYu International Holdings Ltd
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
