In the last trading session, 1.83 million shares of the VNET Group Inc ADR (NASDAQ:VNET) were traded, and its beta was -0.24. Most recently the company’s share price was $3.70, and it changed around $0.21 or 6.02% from the last close, which brings the market valuation of the company to $954.90M. VNET currently trades at a discount to its 52-week high of $4.50, offering almost -21.62% off that amount. The share price’s 52-week low was $1.39, which indicates that the current value has risen by an impressive 62.43% since then. We note from VNET Group Inc ADR’s average daily trading volume that its 10-day average is 1.7 million shares, with the 3-month average coming to 1.80 million.
VNET Group Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.30. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended VNET as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. VNET Group Inc ADR is expected to report earnings per share of 0.23 for the current quarter.
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VNET Group Inc ADR (NASDAQ:VNET) trade information
Instantly VNET has showed a green trend with a performance of 6.02% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 28.92% year-to-date, but still up 6.32% over the last five days. On the other hand, VNET Group Inc ADR (NASDAQ:VNET) is 5.71% up in the 30-day period. We can see from the shorts that 4.62 million shares have been sold at a short interest cover period of 2.8 day(s).
The consensus price target as assigned by Wall Street analysts is $6.59, which translates to bulls needing to increase their stock price by 43.85% from its current value. Analyst projections state that VNET is forecast to be at a low of $4 and a high of $8.2.
VNET Group Inc ADR (VNET) estimates and forecasts
VNET Group Inc ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 94.74 percent over the past six months and at a 102.67% annual growth rate that is well above the industry average of 9.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 216.02% in revenue this quarter, and will report an increase of 114.47% in the next quarter. The year-over-year growth rate is expected to be 9.02%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 2.02B in revenue for the current quarter. 3 analysts expect VNET Group Inc ADR to make 2.08B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.89B and 1.9B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.97%. Forecasts for the next quarter put sales growth at 9.74%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -55.24%. VNET Group Inc ADR earnings are expected to increase by 95.32% in 2024, but the outlook is positive 11.80% per year for the next five years.
VNET Dividends
VNET Group Inc ADR’s next quarterly earnings report is expected to be released in December.
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