DouYu Shares Face Mounting Pressure Ahead of Earnings

Investors are bracing for potential volatility as DouYu International Holdings prepares to release its third-quarter results this Wednesday. Technical indicators are flashing warning signs, pointing toward a sustained downward trajectory that has market participants increasingly concerned.

Market sentiment remains decidedly cautious toward the gaming livestreaming platform. According to MarketBeat data, the consensus rating among analysts stands at “Reduce,” with an average price target of $7.00. Ownership distribution reveals that public companies hold the largest stake at 40%, while insiders and institutions control 17.30% and 17.86% respectively.

The company’s second-quarter performance had offered some positive developments, with DouYu achieving a notable turnaround by posting a net profit of 37.8 million RMB instead of an Read more...