DouYu International Holdings Ltd (DOYU) stock is lower by 1.14% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With DOYU Stock Today?
DouYu International Holdings Ltd (DOYU) stock has gained 7.54% while the S&P 500 is down -0.09% as of 9:58 AM on Tuesday, Jun 8. DOYU has risen $0.55 from the previous closing price of $7.23 on volume of 345,318 shares. Over the past year the S&P 500 has risen 30.64% while DOYU is down -14.22%. DOYU earned $0.07 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 103.41.
More About DouYu International Holdings Ltd
DouYu International Holdings Ltd is a game-centric live streaming platform in China. The company operates its platform on both PC and mobile apps, through which users can enjoy immersive and interactive games and entertainment live streaming. It generates revenues through live streaming and advertisement.