Youdao (NYSE:DAO) Hits New 12-Month High – Should You Buy?
by Renee Jackson · The Cerbat GemYoudao, Inc. Unsponsored ADR (NYSE:DAO – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $11.88 and last traded at $12.0150, with a volume of 57840 shares changing hands. The stock had previously closed at $11.41.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on DAO shares. Weiss Ratings restated a “sell (d+)” rating on shares of Youdao in a research report on Monday, December 22nd. Wall Street Zen downgraded shares of Youdao from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Youdao currently has an average rating of “Sell”.
Check Out Our Latest Stock Report on DAO
Youdao Stock Performance
The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 69.29 and a beta of 0.27. The company has a 50-day moving average price of $9.80 and a 200-day moving average price of $9.50.
Institutional Investors Weigh In On Youdao
An institutional investor recently raised its position in Youdao stock. Public Employees Retirement System of Ohio increased its position in shares of Youdao, Inc. Unsponsored ADR (NYSE:DAO – Free Report) by 34.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,557 shares of the company’s stock after buying an additional 5,565 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Youdao were worth $185,000 as of its most recent SEC filing. Institutional investors and hedge funds own 21.91% of the company’s stock.
About Youdao
Youdao, Inc (NYSE: DAO), established in 2006 as a subsidiary of NetEase, is headquartered in Beijing, China. The company went public on the New York Stock Exchange in October 2019, marking a significant milestone in its development as an intelligent learning and knowledge service provider. Since its inception, Youdao has combined cloud computing, artificial intelligence and big data analytics to create an adaptive learning ecosystem designed to meet the needs of individual learners and organizations.
At the core of Youdao’s offerings is its suite of digital dictionaries and translation tools, including the flagship Youdao Dictionary app and translation engine.