In today’s recent session, 0.37 million shares of the Gaotu Techedu Inc ADR (NYSE:GOTU) have been traded, and its beta is -0.03. Most recently the company’s share price was $2.48, and it changed around -$0.15 or -5.51% from the last close, which brings the market valuation of the company to $358.78M. GOTU at last check was trading at a discount to its 52-week high of $8.44, offering almost -240.32% off that amount. The share price’s 52-week low was $2.40, which indicates that the recent value has risen by an impressive 3.23% since then. We note from Gaotu Techedu Inc ADR’s average daily trading volume that its 10-day average is 3.01 million shares, with the 3-month average coming to 2.60 million.
Gaotu Techedu Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.71. If we narrow it down even further, the data shows that 1 out of 9 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended GOTU as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Gaotu Techedu Inc ADR is expected to report earnings per share of 0 for the current quarter.
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Gaotu Techedu Inc ADR (NYSE:GOTU) trade information
Instantly GOTU has been showing red trend so far today with a performance of -5.51% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.75 on recent trading dayincreased the stock’s daily price by 9.82%. The company’s shares are currently down -31.35% year-to-date, but still down -16.61% over the last five days. On the other hand, Gaotu Techedu Inc ADR (NYSE:GOTU) is -17.17% down in the 30-day period. We can see from the shorts that 8.63 million shares have been sold at a short interest cover period of 5.04 day(s).
The consensus price target as assigned by Wall Street analysts is $2.94, which translates to bulls needing to increase their stock price by 15.65% from its current value. Analyst projections state that GOTU is forecast to be at a low of $2.94 and a high of $2.94.
Gaotu Techedu Inc ADR (GOTU) estimates and forecasts
The year-over-year growth rate is expected to be 51.58%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 1.32B in revenue for the current quarter. 1 analysts expect Gaotu Techedu Inc ADR to make 1.22B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 761.01M and 946.88M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 73.34%. Forecasts for the next quarter put sales growth at 28.32%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 19.99%. Gaotu Techedu Inc ADR earnings are expected to increase by -14037.65% in 2024, but the outlook is positive 16.03% per year for the next five years.
Gaotu Techedu Inc ADR (NYSE:GOTU)’s Major holders
MORGAN STANLEY, with 2.8648% or 7.41 million shares worth $36.29 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard International Stock Index-Total Intl Stock Indx and Vanguard International Stock Index-Emerging Markets Stk were the top two Mutual Funds as of Jul 31, 2024. The former held 1.96 shares worth $4.89 million, making up 1.36% of all outstanding shares. On the other hand, Vanguard International Stock Index-Emerging Markets Stk held roughly 1.87 shares worth around $4.68 million, which represents about 1.30% of the total shares outstanding.
