In the last trading session, 1.1 million VNET Group Inc ADR (NASDAQ:VNET) shares changed hands as the company’s beta touched -0.31. With the company’s per share price at $3.64 changed hands at $0.13 or 3.70% during last session, the market valuation stood at $939.41M. VNET’s last price was a discount, traded about -23.63% off its 52-week high of $4.50. The share price had its 52-week low at $1.39, which suggests the last value was 61.81% up since then. When we look at VNET Group Inc ADR’s average trading volume, we note the 10-day average is 1.58 million shares, with the 3-month average coming to 1.48 million.
Analysts gave the VNET Group Inc ADR (VNET) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.38. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended VNET as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. VNET Group Inc ADR’s EPS for the current quarter is expected to be -0.01.
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VNET Group Inc ADR (NASDAQ:VNET) trade information
Instantly VNET was in green as seen at the end of in last trading. With action -4.71%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 26.83%, with the 5-day performance at -4.71% in the red. However, in the 30-day time frame, VNET Group Inc ADR (NASDAQ:VNET) is 13.40% up. Looking at the short shares, we see there were 5.65 million shares sold at short interest cover period of 2.51 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.59, meaning bulls need an upside of 44.76% from its current market value. According to analyst projections, VNET’s forecast low is 4 with 8.2 as the target high. To hit the forecast high, the stock’s price needs a -125.27% plunge from its current level, while the stock would need to soar -9.89% for it to hit the projected low.
VNET Group Inc ADR (VNET) estimates and forecasts
Data shows that the VNET Group Inc ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 144.30% over the past 6 months, a 102.67% in annual growth rate that is considerably higher than the industry average of 4.80%. Year-over-year growth is forecast to reach 7.60% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 283.63M. 3 analysts are of the opinion that VNET Group Inc ADR’s revenue for the current quarter will be 293.32M. The company’s revenue for the corresponding quarters a year ago was 264.56M and 267.12M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.20%. The estimates for the next quarter sales put growth at 9.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -55.24%. The 2024 estimates are for VNET Group Inc ADR earnings to increase by 93.75%, but the outlook for the next 5-year period is at 11.80% per year.
VNET Dividends
VNET Group Inc ADR is expected to release its next quarterly earnings report in November.
BLACKSTONE INC. holds the second largest percentage of outstanding shares, with 3.9796% or 10.4 million shares worth $21.84 million as of 2024-06-30.
