DAO Stock Summary and Trading Ideas (Youdao American Depositary Shares Each Representing One Class A Ordinary Share | NYSE:DAO)

Youdao Inc develops and markets software applications. It engages in developing technologies to provide learning content, applications, and solutions. The firm operates in three segments: Learning services, Smart devices, and Online marketing services. The majority of its revenue comes from the Learning services segment, which generates revenues from online courses, mainly including Youdao Premium Courses, NetEase Cloud Classroom, and China University MOOC. The learning products segment includes sales of smart devices such as the Youdao Dictionary Pen and Youdao Pocket Translator.

Youdao American Depositary Shares Each Representing One Class A Ordinary Share trades on the NYSE stock market under the symbol DAO.

As of April 23, 2024, DAO stock price climbed to $3.60 with 92,415 million shares trading.

DAO has a beta of 1.92, meaning it tends to be more sensitive to market movements. DAO has a correlation of 0.14 to the broad based SPY ETF.

DAO has a market cap of $446.33 million. This is considered a Small Cap stock.

Last quarter Youdao American Depositary Shares Each Representing One Class A Ordinary Share reported $209 million in Revenue and $.08 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.04.

In the last 3 years, DAO stock traded as high as $27.78 and as low as $2.94.

The top ETF exchange traded funds that DAO belongs to (by Net Assets): VWO, VXUS, VSS, PGJ, SPEM.

DAO has underperformed the market in the last year with a price return of -37.6% while the SPY ETF gained +24.3%. However, in the short term, DAO had mixed performance relative to the market. It has outperformed in the last 3 months, returning +15.4% vs +4.9% return in SPY. But in the last 2 weeks, DAO shares have been beat by the market, returning -9.5% compared to an SPY return of -2.5%.

DAO support price is $3.45 and resistance is $3.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DAO stock will trade within this expected range on the day.