Results Beat Validates My Positive View Of Youdao [Seeking Alpha]
Youdao, Inc. American Depositary Shares, each representing one Class A Ordinary Share (DAO)
Company Research
Source: Seeking Alpha
The growth in DAO's AI-related subscription revenue could be a re-rating catalyst for the stock. I continue to rate Youdao as a Buy, taking into account the favorable takeaways from DAO's latest quarterly results. Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More » Elevator Pitch Youdao, Inc. NYSE: DAO ) stock is still rated as a Buy. Earlier, I outlined my expectations regarding Youdao's financial outlook for full-year FY 2024 in my March 12, 2024 write-up . With the current article, I highlight how DAO's above-expected Q1 2024 results have validated my favorable opinion of the company's financial prospects. I remain bullish on DAO in view of the company's recent quarterly disclosures. Youdao's Q1 2024 results beat has positive read-throughs for the company's full-year performance. Furthermore, Youdao's AI-related subscription offerings have good growth potential as evidenced by the robust growth in revenue for t
Show less
Read more
Impact Snapshot
Event Time:
DAO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DAO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DAO alerts
High impacting Youdao, Inc. American Depositary Shares, each representing one Class A Ordinary Share news events
Weekly update
A roundup of the hottest topics
DAO
News
- Youdao's Multiple Financial Indicators Exceed Market Expectations; Accelerates Commercialization with AI Applications [Yahoo! Finance]Yahoo! Finance
- Youdao’s Multiple Financial Indicators Exceed Market Expectations; Accelerates Commercialization with AI ApplicationsGlobeNewswire
- Youdao, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- Youdao Reports First Quarter 2024 Unaudited Financial Results [Yahoo! Finance]Yahoo! Finance
- Youdao Reports First Quarter 2024 Unaudited Financial ResultsPR Newswire
DAO
Sec Filings
- 5/23/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 20-F
- DAO's page on the SEC website