VNET Group Inc ADR (NASDAQ:VNET)’s traded shares stood at 1.72 million during the last session, with the company’s beta value hitting -0.28. At the close of trading, the stock’s price was $1.55, to imply a decrease of -8.55% or -$0.15 in intraday trading. The VNET share’s 52-week high remains $4.19, putting it -170.32% down since that peak but still an impressive 10.32% since price per share fell to its 52-week low of $1.39. The company has a valuation of $222.15M, with an average of 1.77 million shares in intraday trading volume over the past 10 days and average of 2.37 million shares over the past 3 months.
VNET Group Inc ADR (NASDAQ:VNET) trade information
After registering a -8.55% downside in the last session, VNET Group Inc ADR (VNET) has traded red over the past five days. The stock hit a weekly high of 1.9300, dropping -8.55% in its intraday price action. The 5-day price performance for the stock is -18.42%, and -1.27% over 30 days. With these gigs, the year-to-date price performance is -45.99%. Short interest in VNET Group Inc ADR (NASDAQ:VNET) saw shorts transact 7.81 million shares and set a 3.17 days time to cover.
VNET Group Inc ADR (VNET) estimates and forecasts
Looking at statistics comparing VNET Group Inc ADR share performance against respective industry, we note that the company has outperformed competitors. VNET Group Inc ADR (VNET) shares are -47.28% down over the last 6 months, with its year-to-date growth rate higher than industry average at 73.33% against 19.90%. Revenue is forecast to shrink -116.70% this quarter before jumping 109.50% for the next one. The rating firms project that company’s revenue will grow 9.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is $260.25 million. Meanwhile, for the quarter ending Jun 2024, a total of 1 analyst(s) estimate revenue growth to $266.61 million.Earnings reports from the last fiscal year show that sales brought in $249.56 million and $262.34 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 4.30% before jumping 1.60% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -55.24% for the past 5-year period. While 2024 is set for a 68.87% return in earnings, projections for the next 5 years are at 4.52% annually.
VNET Dividends
VNET Group Inc ADR has its next earnings report out between May 22 and May 27. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. VNET Group Inc ADR has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
VNET Group Inc ADR (NASDAQ:VNET)’s Major holders
VNET Group Inc ADR insiders hold 13.29% of total outstanding shares, with institutional holders owning 56.51% of the shares at 65.17% float percentage. In total, 56.51% institutions holds shares in the company, led by FIL LTD. As of Jun 29, 2023, the company held over 14.33 million shares (or 10.00% of shares), all amounting to roughly $41.55 million.
The next major institution holding the largest number of shares is Blackstone Inc with 10.4 million shares, or about 7.26% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $30.17 million.
We also have Vanguard International Stock Index-Emerging Markets Stk and Fidelity Pacific Basin Fund as the top two Mutual Funds with the largest holdings of the VNET Group Inc ADR (VNET) shares. Going by data provided on Jul 30, 2023, Vanguard International Stock Index-Emerging Markets Stk holds roughly 1.7 million shares. This is just over 1.19% of the total shares, with a market valuation of $5.05 million. Data from the same date shows that the other fund manager holds a little less at 1.65 million, or 1.15% of the shares, all valued at about 4.9 million.
