Technical Outlook And Game Plan For Gaotu Techedu Inc ADR (NYSE: GOTU)

Gaotu Techedu Inc ADR (GOTU) concluded trading on Wednesday at a closing price of $5.69, with 2.06 million shares of worth about $11.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 74.01% during that period and on Wednesday the price saw a gain of about 6.16%. Currently the company’s common shares owned by public are about 147.93M shares, out of which, 147.84M shares are available for trading.

Stock saw a price change of 13.80% in past 5 days and over the past one month there was a price change of 0.53%. Year-to-date (YTD), GOTU shares are showing a performance of 57.18% which increased to 92.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.22 but also hit the highest price of $8.44 during that period. The average intraday trading volume for Gaotu Techedu Inc ADR shares is 2.33 million. The stock is currently trading 12.12% above its 20-day simple moving average (SMA20), while that difference is down -7.89% for SMA50 and it goes to 21.75% higher than SMA200.

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Gaotu Techedu Inc ADR (NYSE: GOTU) currently have 147.93M outstanding shares and institutions hold larger chunk of about 34.21% of that.

The stock has a current market capitalization of $841.72M and its 3Y-monthly beta is at -0.01. It has posted earnings per share of -$0.07 in the same period. It has Quick Ratio of 1.92 while making debt-to-equity ratio of 0.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GOTU, volatility over the week remained 5.80% while standing at 5.36% over the month.

Stock’s fiscal year EPS is expected to drop by -4250.63% while it is estimated to increase by 68.96% in next year. EPS is likely to shrink at an annualized rate of 16.03% for next 5-years, compared to annual growth of 19.99% made by the stock over the past 5-years.

Coverage by Citigroup stated Gaotu Techedu Inc ADR (GOTU) stock as a Buy in their note to investors on January 03, 2024, suggesting a price target of $4.50 for the stock. Stock get an Underperform rating from CLSA on August 31, 2023.

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