In recent trading session, VNET Group Inc ADR (NASDAQ:VNET) saw 0.5 million shares changing hands at last check today with its beta currently measuring -0.25. Company’s recent per share price level of $3.57 trading at $0.28 or 8.47% at last check today assigns it a market valuation of $921.04M. That most recent trading price of VNET’s stock is at a discount of -26.05% from its 52-week high price of $4.50 and is indicating a premium of 61.06% from its 52-week low price of $1.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.75 million shares which gives us an average trading volume of 1.69 million if we extend that period to 3-months.
For VNET Group Inc ADR (VNET), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.33. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.0 in the current quarter.
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VNET Group Inc ADR (NASDAQ:VNET) trade information
Upright in the green today for gaining 8.47%, in the last five days VNET remained trading in the green while hitting it’s week-highest on Tuesday, 11/05/24 when the stock touched $3.57 price level, adding 2.99% to its value on the day. VNET Group Inc ADR’s shares saw a change of 24.35% in year-to-date performance and have moved 8.80% in past 5-day. VNET Group Inc ADR (NASDAQ:VNET) showed a performance of -10.56% in past 30-days. Number of shares sold short was 4.87 million shares which calculate 2.22 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.59 to the stock, which implies a rise of 45.83% to its recent value today. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 8.2. It follows that stock’s current price would drop -12.04% in reaching the projected high whereas dropping to the targeted low would mean a loss of -12.04% for stock’s current value.
VNET Group Inc ADR (VNET) estimates and forecasts
Statistics highlight that VNET Group Inc ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 84.91% of value to its shares in past 6 months, showing an annual growth rate of 102.67% while that of industry is 3.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 7.80% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 283.58M for the same. And 3 analysts are in estimates of company making revenue of 293.26M in the next quarter. Company posted 264.56M and 267.12M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -55.24% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 94.50% while estimates for its earnings growth in next 5 years are of 11.80%.
VNET Group Inc ADR (NASDAQ:VNET)’s Major holders
FIL LTD is the top institutional holder at VNET for having 16.05 million shares of worth $33.62 million. And as of 2024-06-30, it was holding 6.1404 of the company’s outstanding shares.
The second largest institutional holder is BLACKSTONE INC., which was holding about 10.4 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.9796 of outstanding shares, having a total worth of $21.84 million.
