VNET Group Inc ADR (VNET) concluded trading on Thursday at a closing price of $4.12, with 5.67 million shares of worth about $23.37 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 98.08% during that period and on December 26, 2024 the price saw a gain of about 10.75%. Currently the company’s common shares owned by public are about 258.08M shares, out of which, 244.71M shares are available for trading.
Stock saw a price change of 15.08% in past 5 days and over the past one month there was a price change of 11.65%. Year-to-date (YTD), VNET shares are showing a performance of 43.55% which increased to 48.74% 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 2.00 million. The stock is currently trading 4.41% above its 20-day simple moving average (SMA20), while that difference is up 11.05% for SMA50 and it goes to 56.76% higher than SMA200.
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VNET Group Inc ADR (NASDAQ: VNET) currently have 258.08M outstanding shares and institutions hold larger chunk of about 25.79% of that.
The stock has a current market capitalization of $1.06B and its 3Y-monthly beta is at -0.20. 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 6.76% while standing at 6.99% over the month.
Stock’s fiscal year EPS is expected to rise by 117.87% while it is estimated to decrease by -73.58% 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 Goldman on November 29, 2024 offering a Buy rating for the stock and assigned a target price range of between $3.10 and $5 to it. Coverage by HSBC Securities stated VNET Group Inc ADR (VNET) stock as a Buy in their note to investors on October 09, 2024, suggesting a price target of $5.20 for the stock. On March 19, 2024, BofA Securities Upgrade their recommendations, while on July 07, 2023, BofA Securities Resumed their ratings for the stock with a price target of $3.40. Stock get a Hold rating from HSBC Securities on June 12, 2023.
