VNET Group Inc ADR (NASDAQ:VNET) has a beta value of -0.30 and has seen 1.07 million shares traded in the last trading session. The company, currently valued at $985.87M, closed the last trade at $3.82 per share which meant it lost -$0.08 on the day or -2.05% during that session. The VNET stock price is -17.8% off its 52-week high price of $4.50 and 63.61% 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 1.82 million shares traded. The 3-month trading volume is 1.41 million shares.
The consensus among analysts is that VNET Group Inc ADR (VNET) is Buy stock at the moment, with a recommendation rating of 1.38. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.01.
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VNET Group Inc ADR (NASDAQ:VNET) trade information
Sporting -2.05% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the VNET stock price touched $3.82 or saw a rise of 10.75%. Year-to-date, VNET Group Inc ADR shares have moved 33.10%, while the 5-day performance has seen it change -9.26%. Over the past 30 days, the shares of VNET Group Inc ADR (NASDAQ:VNET) have changed 32.18%. Short interest in the company has seen 5.65 million shares shorted with days to cover at 2.51.
Wall Street analysts have a consensus price target for the stock at $6.59, which means that the shares’ value could jump 42.03% from current levels. The projected low price target is $4.0 while the price target rests at a high of $8.2. In that case, then, we find that the current price level is -114.66% off the targeted high while a plunge would see the stock gain -4.71% from current levels.
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 gained 137.27% over the past 6 months, with this year growth rate of 102.67%, compared to 4.80% for the industry. Revenue growth from the last financial year stood is estimated to be 8.10%.
3 analysts offering their estimates for the company have set an average revenue estimate of 285.06M for the current quarter. 3 have an estimated revenue figure of 294.8M for the next ending quarter. Year-ago sales stood 264.56M and 267.12M respectively for this quarter and the next, and analysts expect sales will grow by 7.70% for the current quarter and 8.10% 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 92.39% while over the next 5 years, the company’s earnings are expected to increase by 11.80%.
VNET Dividends
VNET Group Inc ADR is expected to release its next earnings report in November 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
The top two institutional holders are FIL LTD with over 16.05 million shares worth more than $33.62 million. As of 2024-06-30, FIL LTD held 6.1404% of shares outstanding.
The other major institutional holder is BLACKSTONE INC., with the holding of over 10.4 million shares as of 2024-06-30. The firm’s total holdings are worth over $21.84 million and represent 3.9796% of shares outstanding.
