VNET Group Inc ADR (VNET) concluded trading on Wednesday at a closing price of $2.96, with 3.1 million shares of worth about $9.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 68.18% during that period and on September 11, 2024 the price saw a loss of about -2.63%. Currently the company’s common shares owned by public are about 252.27M shares, out of which, 244.71M shares are available for trading.
Stock saw a price change of 7.64% in past 5 days and over the past one month there was a price change of 59.57%. Year-to-date (YTD), VNET shares are showing a performance of 3.14% which decreased to -7.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.39 but also hit the highest price of $3.87 during that period. The average intraday trading volume for VNET Group Inc ADR shares is 937.80K. The stock is currently trading 30.74% above its 20-day simple moving average (SMA20), while that difference is up 37.69% for SMA50 and it goes to 42.41% higher than SMA200.
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VNET Group Inc ADR (NASDAQ: VNET) currently have 252.27M outstanding shares and institutions hold larger chunk of about 23.30% of that.
The stock has a current market capitalization of $763.92M and its 3Y-monthly beta is at -0.34. It has posted earnings per share of -$2.31 in the same period. It has Quick Ratio of 0.87 while making debt-to-equity ratio of 2.63. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VNET, volatility over the week remained 6.36% while standing at 7.59% over the month.
Analysts are in expectations that VNET Group Inc ADR (VNET) stock would likely to be making an EPS of -0.01 in the current quarter, while forecast for next quarter EPS is -0.03 and it is 0.01 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.06 which is 0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 91.06% while it is estimated to increase by 170.32% in next year. EPS is likely to grow at an annualized rate of 11.80% for next 5-years, compared to annual growth of -55.24% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on March 19, 2024 offering a Buy rating for the stock and assigned a target price range of between $3.90 and $2.70 to it. Coverage by BofA Securities stated VNET Group Inc ADR (VNET) stock as a Neutral in their note to investors on July 07, 2023, suggesting a price target of $3.40 for the stock. On June 12, 2023, HSBC Securities Downgrade their recommendations, while on September 01, 2022, Credit Suisse Downgrade their ratings for the stock with a price target of $5.90. Stock get a Neutral rating from Goldman on May 25, 2022.
