Currently, there are 261.84M common shares owned by the public and among those 248.38M shares have been available to trade.
The company’s stock has a 5-day price change of 24.17% and 318.05% over the past three months. VNET shares are trading 207.81% year to date (YTD), with the 12-month market performance up to 872.67% higher. It has a 12-month low price of $1.42 and touched a high of $16.13 over the same period. VNET has an average intraday trading volume of 5.75 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 50.93%, 116.69%, and 290.13% respectively.
Institutional ownership of VNET Group Inc ADR (NASDAQ: VNET) shares accounts for 31.74% of the company’s 261.84M shares outstanding.
It has a market capitalization of $3.82B and a beta (3y monthly) value of 0.18. The earnings-per-share (ttm) stands at -$2.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 16.91% over the week and 12.31% over the month.
Analysts forecast that VNET Group Inc ADR (VNET) will achieve an EPS of 0.35 for the current quarter, 0 for the next quarter and 1.02 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.19 while analysts give the company a high EPS estimate of 0.19. Comparatively, EPS for the current quarter was -1.78 a year ago. Earnings per share for the fiscal year are expected to increase by 123.21%, and -44.02% over the next financial year.
Looking at the support for the VNET, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on November 29, 2024, with the firm’s price target at $3.10-$5. HSBC Securities coverage for the VNET Group Inc ADR (VNET) stock in a research note released on October 09, 2024 offered a Buy rating with a price target of $5.20. BofA Securities was of a view on March 19, 2024 that the stock is Buy, while BofA Securities gave the stock Neutral rating on July 07, 2023, issuing a price target of $3.40. HSBC Securities on their part issued Hold rating on June 12, 2023.
