Should QuantaSing Group Ltd ADR (NASDAQ: QSG) Rally After -12.37% Drop From High?

QuantaSing Group Ltd ADR (NASDAQ:QSG)’s traded shares stood at 0.4 million during the last session, with the company’s beta value hitting 0.29. At the close of trading, the stock’s price was $3.72, to imply an increase of 16.98% or $0.54 in intraday trading. The QSG share’s 52-week high remains $4.18, putting it -12.37% down since that peak but still an impressive 64.78% since price per share fell to its 52-week low of $1.31. The company has a valuation of $128.67M, with an average of 0.38 million shares in intraday trading volume over the past 10 days and average of 100.01K shares over the past 3 months.

QuantaSing Group Ltd ADR (NASDAQ:QSG) trade information

After registering a 16.98% upside in the last session, QuantaSing Group Ltd ADR (QSG) has traded red over the past five days. The 5-day price performance for the stock is 116.85%, and 136.10% over 30 days. With these gigs, the year-to-date price performance is 155.77%. Short interest in QuantaSing Group Ltd ADR (NASDAQ:QSG) saw shorts transact 0.23 million shares and set a 5.66 days time to cover.

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The extremes give us $1.72 and $1.72 for target low and target high price respectively. As such, QSG has been trading 53.76% off suggested target high and 53.76% from its likely low.

QuantaSing Group Ltd ADR (QSG) estimates and forecasts

Revenue is forecast to shrink -14.30% this quarter before jumping 11.10% for the next one. The rating firms project that company’s revenue will grow 11.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 135.5M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 153.2M.

QSG Dividends

QuantaSing Group Ltd ADR has its next earnings report out on 2024-Aug-29. 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. QuantaSing Group Ltd ADR has a forward dividend ratio of 0.00, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year.