In today’s recent session, 3.22 million shares of the VNET Group Inc ADR (NASDAQ:VNET) have been traded, and its beta is -0.35. Most recently the company’s share price was $2.30, and it changed around $0.3 or 14.75% from the last close, which brings the market valuation of the company to $592.29M. VNET at last check was trading at a discount to its 52-week high of $3.88, offering almost -68.7% off that amount. The share price’s 52-week low was $1.39, which indicates that the recent value has risen by an impressive 39.57% since then. We note from VNET Group Inc ADR’s average daily trading volume that its 10-day average is 0.65 million shares, with the 3-month average coming to 776.74K.
VNET Group Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.83. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended VNET as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
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VNET Group Inc ADR (NASDAQ:VNET) trade information
Instantly VNET has been showing a green trend so far today with a performance of 14.75% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.38 on recent trading dayincreased the stock’s daily price by 3.36%. The company’s shares are currently down -20.03% year-to-date, but still up 20.79% over the last five days. On the other hand, VNET Group Inc ADR (NASDAQ:VNET) is 24.73% up in the 30-day period. We can see from the shorts that 8.43 million shares have been sold at a short interest cover period of 14.08 day(s).
The consensus price target as assigned by Wall Street analysts is $7.45, which translates to bulls needing to increase their stock price by 69.13% from its current value. Analyst projections state that VNET is forecast to be at a low of $6.69 and a high of $8.2.
VNET Group Inc ADR (VNET) estimates and forecasts
VNET Group Inc ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 46.18 percent over the past six months and at a 100.00% annual growth rate that is well above the industry average of 21.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -55.24%. VNET Group Inc ADR earnings are expected to increase by 90.08% in 2024, but the outlook is positive 11.80% per year for the next five years.
VNET Dividends
VNET Group Inc ADR’s next quarterly earnings report is expected to be released on 2024-Nov-13.
VNET Group Inc ADR (NASDAQ:VNET)’s Major holders
BLACKSTONE INC., with 3.9796% or 10.4 million shares worth $21.84 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard International Stock Index-Emerging Markets Stk and Vanguard International Stock Index-Total Intl Stock Indx were the top two Mutual Funds as of Apr 30, 2024 . The former held 1.7 shares worth $3.87 million, making up 0.65% of all outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held roughly 1.62 shares worth around $3.69 million, which represents about 0.62% of the total shares outstanding.
