Analysts who follow DouYu International Holdings Ltd (DOYU) on average expect it to increase 2.36% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns DOYU an Analyst Ranking of 69, which means it ranks higher than 69 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With DouYu International Holdings Ltd Stock Today?
DouYu International Holdings Ltd (DOYU) stock is lower by -5.68% while the S&P 500 has risen 0.03% as of 1:31 PM on Friday, Aug 7. DOYU has fallen -$0.90 from the previous closing price of $15.92 on volume of 2,542,950 shares. Over the past year the S&P 500 has risen 14.02% while DOYU has risen 62.91%. DOYU earned $0.07 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 220.39.
