VNET Group Inc ADR (NASDAQ:VNET)’s traded shares stood at 0.93 million during the last session, with the company’s beta value hitting -0.30. At the close of trading, the stock’s price was $3.31, to imply a decrease of -8.56% or -$0.31 in intraday trading. The VNET share’s 52-week high remains $4.50, putting it -35.95% down since that peak but still an impressive 58.01% since price per share fell to its 52-week low of $1.39. The company has a valuation of $854.24M, with an average of 1.47 million shares in intraday trading volume over the past 10 days and average of 1.52 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for VNET Group Inc ADR (VNET), translating to a mean rating of 1.38. Of 4 analyst(s) looking at the stock, 0 analyst(s) give VNET a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 3 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 -0.01.
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VNET Group Inc ADR (NASDAQ:VNET) trade information
After registering a -8.56% downside in the last session, VNET Group Inc ADR (VNET) has traded red over the past five days. The 5-day price performance for the stock is -5.70%, and -5.16% over 30 days. With these gigs, the year-to-date price performance is 15.33%. Short interest in VNET Group Inc ADR (NASDAQ:VNET) saw shorts transact 5.65 million shares and set a 2.51 days time to cover.
The extremes give us $4 and $8.2 for target low and target high price respectively. As such, VNET has been trading -147.73% off suggested target high and -20.85% from its likely low.
VNET Group Inc ADR (VNET) estimates and forecasts
Looking at statistics comparing VNET Group Inc ADR share performance against respective industry, we note that the company has outperformed competitors. VNET Group Inc ADR (VNET) shares are 99.40% up over the last 6 months, with its year-to-date growth rate higher than industry average at 102.67% against 5.60%. Revenue is forecast to grow 80.00% this quarter before jumping 98.70% for the next one. The rating firms project that company’s revenue will grow 7.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 282.66M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 292.31M.Earnings reports from the last fiscal year show that sales brought in 264.56M and 267.12M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 6.80% before jumping 9.40% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -55.24% for the past 5-year period. While 2024 is set for a 93.73% return in earnings, projections for the next 5 years are at 11.80% annually.
VNET Dividends
VNET Group Inc ADR has its next earnings report out on 2024-Nov-13. 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 BLACKSTONE INC. with 10.4 million shares, or about 3.9796% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $21.84 million.
