Youdao (NYSE:DAO) Trading Up 3.9% – Should You Buy?

Youdao, Inc. (NYSE:DAO) rose 3.9% during mid-day trading on Monday . The company traded as high as $4.85 and last traded at $4.85. Approximately 73,982 shares were traded during trading, a decline of 37% from the average daily volume of 116,789 shares. The stock had previously closed at $4.67.

Youdao Stock Up 2.1 %

The company has a market capitalization of $599.76 million, a price-to-earnings ratio of -13.05 and a beta of -0.03. The business’s 50-day moving average is $3.89 and its 200-day moving average is $3.75.

Youdao (NYSE:DAO) last posted its earnings results on Thursday, August 22nd. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.86) by $1.74. The business had revenue of $181.88 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Youdao stock. Renaissance Technologies LLC lifted its stake in shares of Youdao, Inc. (NYSE:DAO) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,300 shares of the company’s stock after purchasing an additional 3,300 shares during the period. Renaissance Technologies LLC’s holdings in Youdao were worth $205,000 as of its most recent filing with the Securities & Exchange Commission. 21.91% of the stock is owned by institutional investors and hedge funds.

Youdao Company Profile

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.