During the last session, Gaotu Techedu Inc. (NYSE:GOTU)’s traded shares were 6.66 million, with the beta value of the company hitting -0.73. At the end of the trading day, the stock’s price was $2.32, reflecting an intraday loss of -14.39% or -$0.39. The 52-week high for the GOTU share is $5.49, that puts it down -136.64 from that peak though still a striking 72.41% gain since the share price plummeted to a 52-week low of $0.64. The company’s market capitalization is $616.33M, and the average intraday trading volume over the past 10 days was 2.35 million shares, and the average trade volume was 3.45 million shares over the past three months.
Gaotu Techedu Inc. (GOTU) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 3.00. GOTU has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.
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Gaotu Techedu Inc. (NYSE:GOTU) trade information
Gaotu Techedu Inc. (GOTU) registered a -14.39% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -14.39% in intraday trading to $2.32 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -21.36%, and it has moved by -25.40% in 30 days. Based on these gigs, the overall price performance for the year is 91.74%. The short interest in Gaotu Techedu Inc. (NYSE:GOTU) is 9.91 million shares and it means that shorts have 4.36 day(s) to cover.
The consensus price target of analysts on Wall Street is $30.82, which implies an increase of 92.47% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $27.20 and $34.45 respectively. As a result, GOTU is trading at a discount of -1384.91% off the target high and -1072.41% off the low.
Gaotu Techedu Inc. (GOTU) estimates and forecasts
In the rating firms’ projections, revenue will increase 6.30% compared to the previous financial year.
Revenue for the current quarter is expected to be $41.41 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $40.85 million by the end of Jun 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $100.68 million and $74.73 million respectively. In this case, analysts expect current quarter sales to shrink by -58.90% and then drop by -45.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 15.90%. While earnings are projected to return 100.40% in 2023, the next five years will return 16.03% per annum.
GOTU Dividends
Gaotu Techedu Inc. is due to release its next quarterly earnings on May 30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Gaotu Techedu Inc. (NYSE:GOTU)’s Major holders
Gaotu Techedu Inc. insiders own 4.15% of total outstanding shares while institutional holders control 18.66%, with the float percentage being 19.47%. Keystone Investors Pte Ltd is the largest shareholder of the company, while 64 institutions own stock in it. As of Mar 30, 2023, the company held over 5.57 million shares (or 3.79% of all shares), a total value of $12.93 million in shares.
The next largest institutional holding, with 5.48 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 3.73% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $12.71 million.
Also, the Mutual Funds coming in first place with the largest holdings of Gaotu Techedu Inc. (GOTU) shares are Vanguard International Stock Index-Emerging Markets Stk and Vanguard International Stock Index-Total Intl Stock Indx. Data provided on Jan 30, 2023 indicates that Vanguard International Stock Index-Emerging Markets Stk owns about 2.02 million shares. This amounts to just over 1.37 percent of the company’s overall shares, with a $4.68 million market value. The same data shows that the other fund manager holds slightly less at 1.77 million, or about 1.20% of the stock, which is worth about $4.11 million.
