VNET Group Inc ADR (VNET) concluded trading on Wednesday at a closing price of $5.39, with 9.87 million shares of worth about $53.2 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.48% during that period and on Wednesday the price saw a loss of about -10.76%. Currently the company’s common shares owned by public are about 263.90M shares, out of which, 253.41M shares are available for trading.
Stock saw a price change of -13.34% in past 5 days and over the past one month there was a price change of -0.92%. Year-to-date (YTD), VNET shares are showing a performance of 13.71% which increased to 204.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.71 but also hit the highest price of $16.13 during that period. The average intraday trading volume for VNET Group Inc ADR shares is 9.02 million. The stock is currently trading -14.73% below its 20-day simple moving average (SMA20), while that difference is down -19.11% for SMA50 and it goes to -4.77% lower than SMA200.
VNET Group Inc ADR (NASDAQ: VNET) currently have 263.90M outstanding shares and institutions hold larger chunk of about 46.56% of that.
The stock has a current market capitalization of $1.42B and its 3Y-monthly beta is at 0.13. PE ratio of stock for trailing 12 months is 66.54, while it has posted earnings per share of $0.08 in the same period. Its PEG reads 0.69 and has Quick Ratio of 0.73 while making debt-to-equity ratio of 2.90. 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 5.60% while standing at 7.79% over the month. Stock’s fiscal year EPS is expected to rise by 99.30% while it is estimated to decrease by -1.96% 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.
