Youdao, Inc. (NYSE:DAO - Get Free Report) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 252,300 shares, a decrease of 17.0% from the February 13th total of 303,800 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 181,700 shares, the days-to-cover ratio is currently 1.4 days.
Youdao Stock Down 3.7 %
Shares of NYSE:DAO traded down $0.30 during trading on Friday, reaching $7.79. The stock had a trading volume of 141,362 shares, compared to its average volume of 122,746. The stock has a market cap of $941.85 million, a P/E ratio of 77.89 and a beta of 0.36. The business has a fifty day moving average price of $8.48 and a 200-day moving average price of $6.46. Youdao has a fifty-two week low of $2.86 and a fifty-two week high of $11.82.
Youdao (NYSE:DAO - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.10 earnings per share for the quarter. The company had revenue of $183.55 million for the quarter. Youdao had a negative return on equity of 3.75% and a net margin of 1.50%.
Wall Street Analysts Forecast Growth
Separately, Citigroup downgraded Youdao from a "buy" rating to a "neutral" rating in a research report on Thursday, December 19th.
Check Out Our Latest Stock Report on DAO
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of DAO. Norges Bank purchased a new stake in Youdao in the fourth quarter valued at approximately $715,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Youdao in the 4th quarter valued at $554,000. Marshall Wace LLP acquired a new position in shares of Youdao during the 4th quarter valued at $479,000. Walleye Capital LLC purchased a new stake in Youdao during the 4th quarter worth $401,000. Finally, Bank of America Corp DE increased its holdings in Youdao by 13,310.0% in the 4th quarter. Bank of America Corp DE now owns 32,050 shares of the company's stock valued at $237,000 after purchasing an additional 31,811 shares in the last quarter. Institutional investors and hedge funds own 21.91% of the company's stock.
About Youdao
(
Get Free Report)
Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.
Read More
Before you consider Youdao, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Youdao wasn't on the list.
While Youdao currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
