This coming Tuesday 13th, Douyu will report earnings for the first time.
DOYU is 28% below its IPO price.
Buyers probably won't let DOYU continue to slide.
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Citigroup analysts put a $12 fair value target on the stock PRE-earnings.
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Hopefully for everyone who entered, you were able to get some profits if you set you exits right.
Still I am unsure of what is happening... Because: The company reported Q2 net income of RMB1.91 per share, reversing a RMB-27.25 per share net loss during the same quarter last year and beating the single-analyst estimate expecting an RMB0.11 per share net loss.