VNET Group Inc ADR (VNET) concluded trading on Thursday at a closing price of $4.33, with 4.83 million shares of worth about $20.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 144.63% during that period and on November 21, 2024 the price saw a gain of about 15.16%. 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 26.98% in past 5 days and over the past one month there was a price change of 19.61%. Year-to-date (YTD), VNET shares are showing a performance of 50.87% which increased to 56.60% 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 $4.50 during that period. The average intraday trading volume for VNET Group Inc ADR shares is 1.87 million. The stock is currently trading 22.21% above its 20-day simple moving average (SMA20), while that difference is up 20.36% for SMA50 and it goes to 83.64% 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 25.79% of that.
The stock has a current market capitalization of $1.12B and its 3Y-monthly beta is at -0.23. It has posted earnings per share of -$2.11 in the same period. It has Quick Ratio of 0.83 while making debt-to-equity ratio of 2.60. 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 7.35% while standing at 7.07% over the month.
Stock’s fiscal year EPS is expected to rise by 107.17% while it is estimated to decrease by -29.22% 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 HSBC Securities on October 09, 2024 offering a Buy rating for the stock and assigned a target price of $5.20 to it. Coverage by BofA Securities stated VNET Group Inc ADR (VNET) stock as a Buy in their note to investors on March 19, 2024, suggesting a price target of $2.70 for the stock. On July 07, 2023, BofA Securities Resumed their recommendations, while on June 12, 2023, HSBC Securities Downgrade their ratings for the stock with a price target of $2.90. Stock get a Neutral rating from Credit Suisse on September 01, 2022.
