Youdao Inc. (DAO): Why its showing bull behavior?

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Youdao Inc. (NYSE:DAO) changes shares on Monday trading session, with a change of 14.42% or $3.78 shares. The trading starts at $26.48 and closed at $26.22 throughout the day. The trading session low price was $26.21 and day high was $30.27 on Monday, June 15. After the session, the Communication Services sector daily volume shifted to 1.03 million while its average volume is 173.28K. In other hand, the DAO market cap reached to $3.32B. While, its current target price is $30.00 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 15.03% and up 31.00% for month. Its quarterly performance was 69.97% above, while its half year performance is up 110.08%. DAO performance rise 113.07% for year-to-date. Current recommendation for Youdao Inc. is 1.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. DAO EPS (TTM) for 12-month is -1.33. EPS for this year is -212.00%, while for the next year its value is -0.42. Its EPS Q/Q reached -616.40%.

Let’s take a look on the analyst recommendations on DAO for the current month and previous month. For the current month, 10 of 11 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 9 analysts participate in stock recommendation. Out of 9, 1 rated it sell, 8 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $171.70-$248.73. Average target price for DAO was reached at $225.71.

The insider ownership moved to 5.19% and institutional holding shifted to 46.90%.

The company posted an EPS (TTM) of -1.33. According to the most recent quarter report on (Jun 2020), 1 analysts estimated an average EPS of -0.26. Analyst Estimated EPS for DAO published in the report was -0.26–0.26 during the same period.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for DAO rise 60.44% for period of 200 days. SMA for 50 days was 35.25% which is showing green signal, while SMA-20 was 22.04%. The moving average value for Youdao Inc. (DAO) is 19.60 and 23.45 for 200 and 50 days respectively.