VNET Group Inc ADR (VNET) concluded trading on Thursday at a closing price of $6.85, with 9.99 million shares of worth about $68.43 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 227.75% during that period and on January 23, 2025 the price saw a gain of about 7.70%. Currently the company’s common shares owned by public are about 261.84M shares, out of which, 248.47M shares are available for trading.
Stock saw a price change of 23.65% in past 5 days and over the past one month there was a price change of 89.23%. Year-to-date (YTD), VNET shares are showing a performance of 44.51% which increased to 256.77% 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 $6.56 during that period. The average intraday trading volume for VNET Group Inc ADR shares is 2.76 million. The stock is currently trading 31.38% above its 20-day simple moving average (SMA20), while that difference is up 56.47% for SMA50 and it goes to 133.12% higher than SMA200.
VNET Group Inc ADR (NASDAQ: VNET) currently have 261.84M outstanding shares and institutions hold larger chunk of about 25.60% of that.
The stock has a current market capitalization of $1.79B and its 3Y-monthly beta is at -0.18. 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 8.19% while standing at 8.25% over the month.
Analysts are in expectations that VNET Group Inc ADR (VNET) stock would likely to be making an EPS of 0.26 in the current quarter, while forecast for next quarter EPS is 0 and it is 0.92 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.19 which is 0.33 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 -1.78 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 118.03% while it is estimated to decrease by -73.60% in next year.
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.
