Currently, there are 262.00M common shares owned by the public and among those 248.62M shares have been available to trade.
The company’s stock has a 5-day price change of -21.46% and 30.10% over the past three months. VNET shares are trading 35.86% year to date (YTD), with the 12-month market performance up to 253.85% 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 10.03 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 -29.50%, -35.66%, and 29.00% respectively.
Institutional ownership of VNET Group Inc ADR (NASDAQ: VNET) shares accounts for 32.07% of the company’s 262.00M shares outstanding.
It has a market capitalization of $1.69B and a beta (3y monthly) value of 0.27. The stock’s trailing 12-month PE ratio is 80.00, while the earnings-per-share (ttm) stands at $0.08. The company has a PEG of 0.97 and a Quick Ratio of 0.83 with the debt-to-equity ratio at 2.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.69% over the week and 8.59% over the month.
Earnings per share for the fiscal year are expected to increase by 71.38%, and -103.91% 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.
