VNET Group Inc ADR (NASDAQ: VNET) Stock Forecast: An Analysis

In the last trading session, 5.0 million VNET Group Inc ADR (NASDAQ:VNET) shares changed hands as the company’s beta touched -0.20. With the company’s per share price at $2.93 changed hands at $0.32 or 12.26% during last session, the market valuation stood at $419.93M. VNET’s last price was a discount, traded about -133.11% off its 52-week high of $6.83. The share price had its 52-week low at $2.53, which suggests the last value was 13.65% up since then. When we look at VNET Group Inc ADR’s average trading volume, we note the 10-day average is 3.3 million shares, with the 3-month average coming to 2.16 million.

VNET Group Inc ADR (NASDAQ:VNET) trade information

Instantly VNET was in green as seen at the end of in last trading. With action -20.81%, the performance over the past five days has been red. The jump to weekly highs of 3.80 on Friday, 11/17/23 added 12.26% to the stock’s daily price. The company’s shares are showing year-to-date downside of -48.32%, with the 5-day performance at -20.81% in the red. However, in the 30-day time frame, VNET Group Inc ADR (NASDAQ:VNET) is 3.90% up. Looking at the short shares, we see there were 6.59 million shares sold at short interest cover period of 3.61 days.

Elon Musk just Triggered a BOOM in These Stocks

Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"

Click Here to Download the FREE Report.


VNET Group Inc ADR (VNET) estimates and forecasts

Data shows that the VNET Group Inc ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 9.12% over the past 6 months, a 71.79% in annual growth rate that is considerably higher than the industry average of 21.50%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for VNET Group Inc ADR will fall -200.00%. Year-over-year growth is forecast to reach 4.20% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $291.93 million. 1 analysts are of the opinion that VNET Group Inc ADR’s revenue for the quarter ending Mar 2024 will be $282.72 million. The company’s revenue for the corresponding quarters a year ago was $268.33 million and $249.56 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.80%. The estimates for the next quarter sales put growth at 13.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 8.38%. The 2023 estimates are for VNET Group Inc ADR earnings to increase by 64.35%, but the outlook for the next 5-year period is at 4.52% per year.

VNET Dividends

VNET Group Inc ADR is expected to release its next quarterly earnings report on November 16.

On Key

Related Posts