NetEase Youdao (DAO, Financial) shares experienced significant volatility with a sudden drop of 5.22%. The stock is currently trading at $4.90 per share with a trading volume of 19,923 shares and a turnover rate of 0.02%, registering a price fluctuation of 7.52%.
According to the recent financial report, NetEase Youdao reported a revenue of $182 million and a net loss of $13.74 million, equating to an earnings per share (EPS) of -$0.12. The company's gross profit stood at $87.92 million with a price-to-earnings (P/E) ratio of -31.27.
In terms of investment ratings, all seven institutions that evaluated the stock gave it a "buy" recommendation, with none suggesting a "hold" or "sell" stance.
In the educational services sector, to which NetEase Youdao belongs, the overall decline was 0.01%. Within the industry, stocks such as Perdoceo Education Corporation, Genius Group Limited, and American Public Education showed notable gains. In contrast, Genius Group Limited, Chegg, Inc., and Visionary Holdings Inc. had high trading volumes with turnover rates of 236.03%, 7.96%, and 7.01%, respectively. Notably, Genius Group Limited experienced a significant price fluctuation of 40.95%, alongside New Oriental Education and American Public Education, which recorded fluctuations of 18.56% and 16.11% respectively.
NetEase Youdao focuses on developing and selling software applications, primarily in three segments: learning services, smart devices, and online marketing services. The majority of its revenue stems from the learning services segment, which includes online courses such as Youdao Premium Courses, NetEase Cloud Classroom, and Chinese University MOOCs. Its learning products segment comprises smart devices such as the Youdao Dictionary Pen and the Youdao Pocket Translator.
