In the last trading session, 2.21 million VNET Group Inc ADR (NASDAQ:VNET) shares changed hands as the company’s beta touched -0.20. With the company’s per share price at $4.23 changed hands at $0.35 or 9.02% during last session, the market valuation stood at $1.09B. VNET’s last price was a discount, traded about -6.38% off its 52-week high of $4.50. The share price had its 52-week low at $1.39, which suggests the last value was 67.14% up since then. When we look at VNET Group Inc ADR’s average trading volume, we note the 10-day average is 2.67 million shares, with the 3-month average coming to 1.98 million.
Analysts gave the VNET Group Inc ADR (VNET) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.18. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended VNET as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight.
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VNET Group Inc ADR (NASDAQ:VNET) trade information
Instantly VNET was in green as seen at the end of in last trading. With action 12.80%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 47.39%, with the 5-day performance at 12.80% in the green. However, in the 30-day time frame, VNET Group Inc ADR (NASDAQ:VNET) is 28.96% up. Looking at the short shares, we see there were 4.62 million shares sold at short interest cover period of 2.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 39.57% from its current market value. According to analyst projections, VNET’s forecast low is 4 with 8.2 as the target high. To hit the forecast high, the stock’s price needs a -93.85% plunge from its current level, while the stock would need to tank 5.44% for it to hit the projected low.
VNET Group Inc ADR (VNET) estimates and forecasts
Data shows that the VNET Group Inc ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 99.53% over the past 6 months, a 98.67% in annual growth rate that is considerably higher than the industry average of 10.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -55.24%. The 2024 estimates are for VNET Group Inc ADR earnings to increase by 114.31%, but the outlook for the next 5-year period is at 11.80% per year.
VNET Dividends
VNET Group Inc ADR is expected to release its next quarterly earnings report in January.
BLACKSTONE INC. holds the second largest percentage of outstanding shares, with 3.9796% or 10.4 million shares worth $21.84 million as of 2024-06-30.
