NetEase Youdao (DAO) Shares Surge Amid Positive Institutional Ratings

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Oct 21, 2024

NetEase Youdao (DAO, Financial) experienced a significant stock surge of 5.03%. The stock is currently priced at $4.91 per share with a trading volume of 86,098 shares, a turnover rate of 0.07%, and a price amplitude of 7.05%.

The latest financial reports show NetEase Youdao's revenue at $182 million, with a net loss of $13.74 million, translating to an earnings per share (EPS) of -$0.12. The company reported a gross profit of $87.92 million and a price-to-earnings (P/E) ratio of -30.82.

Among the seven institutions rating NetEase Youdao, 100% have recommended buying the stock, with no hold or sell recommendations.

Within the education services sector, the overall decline was 1.50%. Notable performers alongside NetEase Youdao included TAL Education and Sunlands Technology, which saw significant gains. Active stocks in the sector with high turnover rates include Stride, Golden Sun Education, and Genius Group Limited, while 17 Education & Technology, Hailiang Education, and Gaotu Techedu showed notable price fluctuations.

NetEase Youdao specializes in developing and selling software applications with a focus on learning content, applications, and solutions. The company operates three segments: Learning Services, Smart Devices, and Online Marketing Services, with a majority of revenue derived from the Learning Services segment. Key products include Youdao Premium Courses and intelligent devices like the Youdao Dictionary Pen.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.