In the latest trading session, 2.31 million Gaotu Techedu Inc ADR (NYSE:GOTU) shares changed hands as the company’s beta touched -0.04. With the company’s most recent per share price at $2.59 changed hands at -$0.39 or -13.09% at last look, the market valuation stands at $384.60M. GOTU’s current price is a discount, trading about -225.87% off its 52-week high of $8.44. The share price had its 52-week low at $2.47, which suggests the last value was 4.63% up since then. When we look at Gaotu Techedu Inc ADR’s average trading volume, we note the 10-day average is 1.75 million shares, with the 3-month average coming to 2.43 million.
Analysts gave the Gaotu Techedu Inc ADR (GOTU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.62. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended GOTU as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Gaotu Techedu Inc ADR’s EPS for the current quarter is expected to be 0.
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Gaotu Techedu Inc ADR (NYSE:GOTU) trade information
Instantly GOTU was in red as seen in intraday trades today. With action 3.60%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -28.46%, with the 5-day performance at 3.60% in the green. However, in the 30-day time frame, Gaotu Techedu Inc ADR (NYSE:GOTU) is -15.91% down. Looking at the short shares, we see there were 8.63 million shares sold at short interest cover period of 5.04 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2.94, meaning bulls need an upside of 11.9% from its recent market value. According to analyst projections, GOTU’s forecast low is 2.94 with 2.94 as the target high. To hit the forecast high, the stock’s price needs a -13.51% plunge from its current level, while the stock would need to soar -13.51% for it to hit the projected low.
Gaotu Techedu Inc ADR (GOTU) estimates and forecasts
Year-over-year growth is forecast to reach 51.92% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 1.39B. 1 analysts are of the opinion that Gaotu Techedu Inc ADR’s revenue for the current quarter will be 1.4B. The company’s revenue for the corresponding quarters a year ago was 761.01M and 946.88M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 82.62%. The estimates for the next quarter sales put growth at 47.85%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.99%. The 2024 estimates are for Gaotu Techedu Inc ADR earnings to decrease by -13058.10%, but the outlook for the next 5-year period is at 16.03% per year.
GOTU Dividends
Gaotu Techedu Inc ADR is expected to release its next quarterly earnings report in January.
Gaotu Techedu Inc ADR (NYSE:GOTU)’s Major holders
MORGAN STANLEY holds the second largest percentage of outstanding shares, with 2.8648% or 7.41 million shares worth $36.29 million as of 2024-06-30.
