In the last trading session, 2.43 million Gaotu Techedu Inc ADR (NYSE:GOTU) shares changed hands as the company’s beta touched 0.06. With the company’s per share price at $6.98 changed hands at -$0.23 or -3.19% during last session, the market valuation stood at $1.06B. GOTU’s last price was a discount, traded about -20.63% off its 52-week high of $8.42. The share price had its 52-week low at $2.22, which suggests the last value was 68.19% up since then. When we look at Gaotu Techedu Inc ADR’s average trading volume, we note the 10-day average is 3.42 million shares, with the 3-month average coming to 6.50 million.
Gaotu Techedu Inc ADR (NYSE:GOTU) trade information
Instantly GOTU was in red as seen at the end of in last trading. With action -9.59%, the performance over the past five days has been red. The drop to weekly highs of 7.99 subtracted -3.19% to the stock’s daily price. The company’s shares are showing year-to-date upside of 92.82%, with the 5-day performance at -9.59% in the red. However, in the 30-day time frame, Gaotu Techedu Inc ADR (NYSE:GOTU) is 29.26% up. Looking at the short shares, we see there were 12.82 million shares sold at short interest cover period of 1.27 days.
Gaotu Techedu Inc ADR (GOTU) estimates and forecasts
Year-over-year growth is forecast to reach 49.20% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $129.66 million. 2 analysts are of the opinion that Gaotu Techedu Inc ADR’s revenue for the quarter ending Jun 2024 will be $146.93 million. The estimates for the next quarter sales put growth at 50.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.99%. The 2024 estimates are for Gaotu Techedu Inc ADR earnings to increase by 747.69%, but the outlook for the next 5-year period is at 16.03% per year.
GOTU Dividends
Gaotu Techedu Inc ADR is expected to release its next quarterly earnings report between May 28 and June 03.
Gaotu Techedu Inc ADR (NYSE:GOTU)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.78% of Gaotu Techedu Inc ADR shares while 32.58% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 34.22%. There are 32.58% institutions holding the Gaotu Techedu Inc ADR stock share, with Goldman Sachs Group Inc the top institutional holder. As of Dec 30, 2023, the company held 2.68% of the shares, roughly 7.0 million GOTU shares worth $48.85 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 2.16% or 5.64 million shares worth $39.35 million as of Dec 30, 2023.
Among Mutual Funds, the top two as of Oct 30, 2023 were Vanguard International Stock Index-Emerging Markets Stk and Vanguard International Stock Index-Total Intl Stock Indx. With 1.98 million shares estimated at $13.81 million under it, the former controlled 0.76% of total outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held about 0.72% of the shares, roughly 1.89 million shares worth around $13.18 million.
