21Vianet Group Inc. (NASDAQ:VNET) has a beta value of 0.17 and has seen 1.44 million shares traded in the last trading session. The company, currently valued at $2.95B, closed the last trade at $21.80 per share which meant it gained $1.28 on the day or 6.24% during that session. The VNET stock price is -103.9% off its 52-week high price of $44.45 and 35.28% above the 52-week low of $14.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.68 million shares traded. The 3-month trading volume is 1.97 million shares.
The consensus among analysts is that 21Vianet Group Inc. (VNET) is a Buy stock at the moment, with a recommendation rating of 1.70. 0 analysts rate the stock as a Sell, while 2 rate it as Overweight. 0 out of 13 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.32.
21Vianet Group Inc. (NASDAQ:VNET) trade information
Sporting 6.24% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the VNET stock price touched $21.80 or saw a rise of 0.55%. Year-to-date, 21Vianet Group Inc. shares have moved -37.16%, while the 5-day performance has seen it change 22.13%. Over the past 30 days, the shares of 21Vianet Group Inc. (NASDAQ:VNET) have changed 27.26%. Short interest in the company has seen 4.82 million shares shorted with days to cover at 2.21.
Wall Street analysts have a consensus price target for the stock at $211.48, which means that the shares’ value could jump 89.69% from current levels. The projected low price target is $174.81 while the price target rests at a high of $286.85. In that case, then, we find that the current price level is -1215.83% off the targeted high while a plunge would see the stock gain -701.88% from current levels.
21Vianet Group Inc. (VNET) estimates and forecasts
Figures show that 21Vianet Group Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -29.15% over the past 6 months, with this year growth rate of 103.14%, compared to 5.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -100.00% and 87.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 723.90%.
2 analysts offering their estimates for the company have set an average revenue estimate of $1.5 billion for the current quarter. 2 have an estimated revenue figure of $1.54 billion for the next quarter concluding in Sep 2021. Year-ago sales stood $168.45 million and $192.31 million respectively for this quarter and the next, and analysts expect sales will grow by 788.70% for the current quarter and 703.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -34.10% over the past 5 years.
21Vianet Group Inc. is expected to release its next earnings report between November 22 and November 26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
21Vianet Group Inc. (NASDAQ:VNET)’s Major holders
Insiders own 17.93% of the company shares, while shares held by institutions stand at 81.00% with a share float percentage of 98.70%. Investors are also buoyed by the number of investors in a company, with 21Vianet Group Inc. having a total of 270 institutions that hold shares in the company. The top two institutional holders are Blackstone Group Inc. with over 9.7 million shares worth more than $222.66 million. As of Jun 29, 2021, Blackstone Group Inc. held 7.04% of shares outstanding.
The other major institutional holder is TT International Asset Management LTD, with the holding of over 9.67 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $221.86 million and represent 7.01% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Northern Lights Fd Tr-Altegris/AACA Opportunistic Real Estate Fd and Vanguard International Stock Index-Emerging Markets Stk. As of Jun 29, 2021, the former fund manager holds about 1.36% shares in the company for having 1.87 million shares of worth $42.91 million while later fund manager owns 1.32 million shares of worth $36.82 million as of Apr 29, 2021, which makes it owner of about 0.96% of company’s outstanding stock.