Currently, there are 182.11M common shares owned by the public and among those 170.27M shares have been available to trade.
However, the script later moved the day high at 8.55, up 22.00%. The company’s stock has a 5-day price change of 22.19% and -15.28% over the past three months. GDS shares are trading -14.25% year to date (YTD), with the 12-month market performance down to -50.38% lower. It has a 12-month low price of $5.01 and touched a high of $20.78 over the same period. GDS has an average intraday trading volume of 1.51 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 19.02%, 17.55%, and -20.65% respectively.
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Institutional ownership of GDS Holdings Limited ADR (NASDAQ: GDS) shares accounts for 23.02% of the company’s 182.11M shares outstanding.
It has a market capitalization of $1.43B and a beta (3y monthly) value of 0.40. The earnings-per-share (ttm) stands at -$1.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.86% over the week and 6.42% over the month.
Analysts forecast that GDS Holdings Limited ADR (GDS) will achieve an EPS of -$0.34 for the current quarter, -$0.28 for the next quarter and -$1 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.35 while analysts give the company a high EPS estimate of -$0.31. Comparatively, EPS for the current quarter was -$0.15 a year ago. Earnings per share for the fiscal year are expected to decrease by -9.56%, and 1.89% over the next financial year. EPS should grow at an annualized rate of 0.51% over the next five years, compared to -19.95% over the past 5-year period.
Looking at the support for the GDS, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on July 07, 2023, with the firm’s price target at $24.50-$15.50. HSBC Securities coverage for the GDS Holdings Limited ADR (GDS) stock in a research note released on June 12, 2023 offered a Buy rating with a price target of $13.60. Deutsche Bank was of a view on March 17, 2023 that the stock is Buy, while RBC Capital Mkts gave the stock Sector Perform rating on August 26, 2022, issuing a price target of $41- $33. JP Morgan on their part issued Neutral rating on August 25, 2022.
