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Gaotu Techedu Inc. (NYSE:GOTU) Share Price Recovers 7.26% From Its Lows, But Can It Maintain Its Rise?

In last trading session, Gaotu Techedu Inc. (NYSE:GOTU) saw 2.44 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.24 trading at -$0.06 or -4.62% at ring of the bell on the day assigns it a market valuation of $345.87M. That closing price of GOTU’s stock is at a discount of -269.35% from its 52-week high price of $4.58 and is indicating a premium of 7.26% from its 52-week low price of $1.15. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.64 million shares which gives us an average trading volume of 2.86 million if we extend that period to 3-months.

For Gaotu Techedu Inc. (GOTU), analysts’ consensus is at an average recommendation of an Underweight while assigning it a mean rating of 3.70. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 0 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.

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Gaotu Techedu Inc. (NYSE:GOTU) trade information

Upright in the red during last session for losing -4.62%, in the last five days GOTU remained trading in the red while hitting it’s week-highest on Thursday, 09/15/22 when the stock touched $1.24 price level, adding 19.74% to its value on the day. Gaotu Techedu Inc.’s shares saw a change of -36.08% in year-to-date performance and have moved -18.95% in past 5-day. Gaotu Techedu Inc. (NYSE:GOTU) showed a performance of -14.48% in past 30-days. Number of shares sold short was 7.98 million shares which calculate 3.63 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $11.64 to the stock, which implies a rise of 89.35% to its current value. Analysts have been projecting $11.64 as a low price target for the stock while placing it at a high target of $11.64. It follows that stock’s current price would drop -838.71% in reaching the projected high whereas dropping to the targeted low would mean a loss of -838.71% for stock’s current value.

Gaotu Techedu Inc. (GOTU) estimates and forecasts

This year revenue growth is estimated to fall -72.50% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $107.86 million for the same. And 1 analysts are in estimates of company making revenue of $29.18 million in the next quarter that will end on Jun 2022.

In 2022, company’s earnings growth rate is likely to be around -108.40% while estimates for its earnings growth in next 5 years are of 16.03%.

GOTU Dividends

Gaotu Techedu Inc. is more likely to be releasing its next quarterly report between March 03 and March 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Gaotu Techedu Inc. (NYSE:GOTU)’s Major holders

Insiders are in possession of 1.75% of company’s total shares while institution are holding 32.04 percent of that, with stock having share float percentage of 32.61%. Investors also watch the number of corporate investors in a company very closely, which is 32.04% institutions for Gaotu Techedu Inc. that are currently holding shares of the company. Morgan Stanley is the top institutional holder at GOTU for having 6.57 million shares of worth $11.31 million. And as of Mar 30, 2022, it was holding 4.51% of the company’s outstanding shares.

The second largest institutional holder is Goldman Sachs Group Inc, which was holding about 5.26 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 3.61% of outstanding shares, having a total worth of $9.05 million.

On the other hand, KraneShares CSI China Internet ETF and Vanguard International Stock Index-Emerging Markets Stk are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 2.16 million shares of worth $3.72 million or 1.48% of the total outstanding shares. The later fund manager was in possession of 1.88 million shares on Apr 29, 2022, making its stake of worth around $2.99 million in the company or a holder of 1.29% of company’s stock.

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