|Bid||11.50 x 1000|
|Ask||12.66 x 800|
|Day's Range||11.84 - 12.59|
|52 Week Range||7.02 - 42.17|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov. 17, 2021 - Nov. 22, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.56|
An important strategy shift from a subsidiary is pleasing analysts and bringing back bullish investors.
China's crackdown on for-profit education companies sparked concerns about its e-learning subsidiary Youdao (NYSE: DAO), while new playtime restrictions for online games and a potential slowdown in new video game approvals cast dark clouds over its online gaming business. Youdao provides a wide range of online learning tools (including a dictionary, translation tools, and cloud-based note-taking tools), online learning courses and remote learning tools, interactive learning apps, and smart devices like digital translation pens and pocket translators.
The Chinese online gaming pioneer has a sloppy quarter, but the stock still moves up. Don't worry. It makes sense.