Gaotu Techedu Inc ADR (NYSE:GOTU)’s traded shares stood at 2.0 million during the last session, with the company’s beta value hitting -0.02. At the close of trading, the stock’s price was $2.99, to imply a decrease of -5.38% or -$0.17 in intraday trading. The GOTU share’s 52-week high remains $8.44, putting it -182.27% down since that peak but still an impressive 25.75% since price per share fell to its 52-week low of $2.22. The company has a valuation of $444.02M, with an average of 2.21 million shares in intraday trading volume over the past 10 days and average of 2.72 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Gaotu Techedu Inc ADR (GOTU), translating to a mean rating of 1.78. Of 1 analyst(s) looking at the stock, 0 analyst(s) give GOTU a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.11.
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Gaotu Techedu Inc ADR (NYSE:GOTU) trade information
After registering a -5.38% downside in the last session, Gaotu Techedu Inc ADR (GOTU) has traded red over the past five days. The 5-day price performance for the stock is -7.72%, and -1.97% over 30 days. With these gigs, the year-to-date price performance is -17.40%. Short interest in Gaotu Techedu Inc ADR (NYSE:GOTU) saw shorts transact 9.66 million shares and set a 3.14 days time to cover.
The extremes give us $2.94 and $2.94 for target low and target high price respectively. As such, GOTU has been trading 1.67% off suggested target high and 1.67% from its likely low.
Gaotu Techedu Inc ADR (GOTU) estimates and forecasts
The rating firms project that company’s revenue will grow 51.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 170.25M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 199.89M.Earnings reports from the last fiscal year show that sales brought in 110.68M and 107.17M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 53.80% before jumping 86.50% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 19.99% for the past 5-year period. While 2024 is set for a -11342.63% return in earnings, projections for the next 5 years are at 16.03% annually.
GOTU Dividends
Gaotu Techedu Inc ADR has its next earnings report out in November. 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.
The next major institution holding the largest number of shares is MORGAN STANLEY with 7.41 million shares, or about 2.8648% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $36.29 million.
