During the recent session, VNET Group Inc ADR (NASDAQ:VNET)’s traded shares were 1.43 million, with the beta value of the company hitting -0.19. At the last check today, the stock’s price was $3.64, reflecting an intraday loss of -15.82% or -$0.69. The 52-week high for the VNET share is $4.50, that puts it down -23.63 from that peak though still a striking 61.81% gain since the share price plummeted to a 52-week low of $1.39. The company’s market capitalization is $940.70M, and the average intraday trading volume over the past 10 days was 2.07 million shares, and the average trade volume was 1.93 million shares over the past three months.
VNET Group Inc ADR (VNET) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.36. VNET has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.26.
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VNET Group Inc ADR (NASDAQ:VNET) trade information
VNET Group Inc ADR (VNET) registered a -15.82% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -15.82% in intraday trading to $3.64, hitting a weekly high. The stock’s 5-day price performance is 5.65%, and it has moved by 10.12% in 30 days. Based on these gigs, the overall price performance for the year is 29.72%. The short interest in VNET Group Inc ADR (NASDAQ:VNET) is 4.62 million shares and it means that shorts have 2.8 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.59, which implies an increase of 44.76% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $8.2 respectively. As a result, VNET is trading at a discount of -125.27% off the target high and -9.89% off the low.
VNET Group Inc ADR (VNET) estimates and forecasts
Statistics show that VNET Group Inc ADR has outperformed its competitors in share price, compared to the industry in which it operates. VNET Group Inc ADR (VNET) shares have gone up 103.63% during the last six months, with a year-to-date growth rate more than the industry average at 97.33% against 10.20. In the rating firms’ projections, revenue will increase 9.02% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.04B as predicted by 1 analyst(s).
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -55.24%. While earnings are projected to return 107.17% in 2024, the next five years will return 11.80% per annum.
VNET Dividends
VNET Group Inc ADR is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
VNET Group Inc ADR (NASDAQ:VNET)’s Major holders
The next largest institutional holding, with 10.4 million shares, is of BLACKSTONE INC.’s that is approximately 3.9796% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $21.84 million.
Also, the Mutual Funds coming in first place with the largest holdings of VNET Group Inc ADR (VNET) shares are Vanguard International Stock Index-Total Intl Stock Indx and Vanguard International Stock Index-Emerging Markets Stk. Data provided on Jul 31, 2024 indicates that Vanguard International Stock Index-Total Intl Stock Indx owns about 1.62 shares. This amounts to just over 0.62 percent of the company’s overall shares, with a $6.11 million market value. The same data shows that the other fund manager holds slightly less at 1.48, or about 0.57% of the stock, which is worth about $5.6 million.
