While Youdao Inc ADR has overperformed by 2.80%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DAO fell by -15.38%, with highs and lows ranging from $4.75 to $2.86, whereas the simple moving average fell by -12.77% in the last 200 days.
On November 08, 2023, Daiwa Securities Downgraded Youdao Inc ADR (NYSE: DAO) to Neutral. A report published by Daiwa Securities on March 20, 2023, Upgraded its rating to ‘Outperform’ for DAO. Jefferies also Upgraded DAO shares as ‘Buy’, setting a target price of $10 on the company’s shares in a report dated February 24, 2023. Morgan Stanley March 07, 2022d the rating to Overweight on March 07, 2022, and set its price target from $13 to $15. Citigroup February 25, 2022d its ‘Neutral’ rating to ‘Buy’ for DAO, as published in its report on February 25, 2022. Daiwa Securities’s report from September 03, 2021 suggests a price prediction of $13.50 for DAO shares, giving the stock a ‘Neutral’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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Analysis of Youdao Inc ADR (DAO)
Further, the quarter-over-quarter increase in sales is 6.18%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Youdao Inc ADR’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 0.39, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 70.68K can be a very valuable indicator of volatility for DAO stock. On a monthly basis, the volatility of the stock is set at 7.65%, whereas on a weekly basis, it is put at 7.00%, with a loss of -4.07% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.09, showing growth from the present price of $3.30, which can serve as yet another indication of whether DAO is worth investing in or should be passed over.
How Do You Analyze Youdao Inc ADR Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 9.28%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 38.32% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DAO shares are owned by institutional investors to the tune of 38.32% at present.
