VNET Group Inc ADR (NASDAQ:VNET) has a beta value of -0.32 and has seen 0.88 million shares traded in the recent trading session. The company, currently valued at $447.71M, closed the recent trade at $1.77 per share which meant it lost -$0.09 on the day or -4.57% during that session. The VNET stock price is -119.21% off its 52-week high price of $3.88 and 21.47% above the 52-week low of $1.39. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.99 million shares traded. The 3-month trading volume is 2.22 million shares.
VNET Group Inc ADR (NASDAQ:VNET) trade information
Sporting -4.57% in the red today, the stock has traded in the red over the last five days, when the VNET stock price touched $1.77 or saw a rise of 6.84%. Year-to-date, VNET Group Inc ADR shares have moved -38.15%, while the 5-day performance has seen it change -6.08%. Over the past 30 days, the shares of VNET Group Inc ADR (NASDAQ:VNET) have changed 5.65%. Short interest in the company has seen 7.81 million shares shorted with days to cover at 3.17.
VNET Group Inc ADR (VNET) estimates and forecasts
Figures show that VNET Group Inc ADR shares have outperformed across the wider relevant industry. The company’s shares have lost -42.18% over the past 6 months, with this year growth rate of 97.33%, compared to 15.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -116.70% and 109.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 6.70%.
1 analysts offering their estimates for the company have set an average revenue estimate of $260.1 million for the current quarter. 1 have an estimated revenue figure of $266.47 million for the next quarter concluding in Jun 2024. Year-ago sales stood $249.56 million and $262.34 million respectively for this quarter and the next, and analysts expect sales will grow by 4.20% for the current quarter and 1.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -55.24% over the past 5 years. Earnings growth for 2024 is a modest 68.85% while over the next 5 years, the company’s earnings are expected to increase by 11.59%.
VNET Dividends
VNET Group Inc ADR is expected to release its next earnings report between May 22 and May 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
VNET Group Inc ADR (NASDAQ:VNET)’s Major holders
Insiders own 13.29% of the company shares, while shares held by institutions stand at 56.51% with a share float percentage of 65.17%. Investors are also buoyed by the number of investors in a company, with VNET Group Inc ADR having a total of 123 institutions that hold shares in the company. The top two institutional holders are FIL LTD with over 14.33 million shares worth more than $41.55 million. As of Jun 29, 2023, FIL LTD held 10.00% of shares outstanding.
The other major institutional holder is Blackstone Inc, with the holding of over 10.4 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $30.17 million and represent 7.26% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Stock Index-Emerging Markets Stk and Fidelity Pacific Basin Fund. As of Jul 30, 2023, the former fund manager holds about 1.19% shares in the company for having 1.7 million shares of worth $5.05 million while later fund manager owns 1.65 million shares of worth $4.9 million as of Jul 30, 2023, which makes it owner of about 1.15% of company’s outstanding stock.
