Currently, there are 252.27M common shares owned by the public and among those 244.71M shares have been available to trade.
The company’s stock has a 5-day price change of -13.70% and 53.21% over the past three months. VNET shares are trading 16.38% year to date (YTD), with the 12-month market performance up to 21.90% higher. It has a 12-month low price of $1.39 and touched a high of $4.50 over the same period. VNET has an average intraday trading volume of 1.40 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 -11.78%, 15.36%, and 54.03% respectively.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Institutional ownership of VNET Group Inc ADR (NASDAQ: VNET) shares accounts for 23.45% of the company’s 252.27M shares outstanding.
It has a market capitalization of $861.99M and a beta (3y monthly) value of -0.31. The earnings-per-share (ttm) stands at -$2.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.08% over the week and 8.72% over the month.
Earnings per share for the fiscal year are expected to increase by 92.34%, and 211.30% over the next financial year. EPS should grow at an annualized rate of 11.80% over the next five years, compared to -55.24% over the past 5-year period.
Looking at the support for the VNET, a number of firms have released research notes about the stock. HSBC Securities stated their Buy rating for the stock in a research note on October 09, 2024, with the firm’s price target at $5.20. BofA Securities coverage for the VNET Group Inc ADR (VNET) stock in a research note released on March 19, 2024 offered a Buy rating with a price target of $2.70. BofA Securities was of a view on July 07, 2023 that the stock is Neutral, while HSBC Securities gave the stock Hold rating on June 12, 2023, issuing a price target of $6.60- $2.90. Credit Suisse on their part issued Neutral rating on September 01, 2022.
