During the last session, VNET Group Inc ADR (NASDAQ:VNET)’s traded shares were 3.89 million, with the beta value of the company hitting -0.25. At the end of the trading day, the stock’s price was $5.06, reflecting an intraday gain of 6.75% or $0.32. The 52-week high for the VNET share is $5.08, that puts it down -0.4 from that peak though still a striking 72.53% gain since the share price plummeted to a 52-week low of $1.39. The company’s market capitalization is $1.32B, and the average intraday trading volume over the past 10 days was 3.43 million shares, and the average trade volume was 2.17 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 1.20. 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.
VNET Group Inc ADR (NASDAQ:VNET) trade information
VNET Group Inc ADR (VNET) registered a 6.75% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.75% in intraday trading to $5.06, hitting a weekly high. The stock’s 5-day price performance is 36.02%, and it has moved by 19.62% in 30 days. Based on these gigs, the overall price performance for the year is 87.41%. 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 $6.1, which implies an increase of 17.05% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $7.98 respectively. As a result, VNET is trading at a discount of -57.71% off the target high and 20.95% 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 122.91% during the last six months, with a year-to-date growth rate more than the industry average at 94.67% against 20.00.
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 117.99% in 2025, 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 February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
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.
