VNET Group Inc ADR (NASDAQ:VNET)’s traded shares stood at 0.77 million during the latest session, with the company’s beta value hitting -0.23. At the last check today, the stock’s price was $5.61, to imply a decrease of -0.44% or -$0.03 in intraday trading. The VNET share’s 52-week high remains $6.00, putting it -6.95% down since that peak but still an impressive 75.22% since price per share fell to its 52-week low of $1.39. The company has a valuation of $1.47B, with an average of 4.15 million shares in intraday trading volume over the past 10 days and average of 2.57 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for VNET Group Inc ADR (VNET), translating to a mean rating of 1.20. Of 4 analyst(s) looking at the stock, 0 analyst(s) give VNET a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.26.
VNET Group Inc ADR (NASDAQ:VNET) trade information
After registering a -0.44% downside in the latest session, VNET Group Inc ADR (VNET) has traded red over the past five days. The 5-day price performance for the stock is 2.09%, and 45.47% over 30 days. With these gigs, the year-to-date price performance is 18.46%. Short interest in VNET Group Inc ADR (NASDAQ:VNET) saw shorts transact 4.62 million shares and set a 2.8 days time to cover.
The extremes give us $4 and $7.98 for target low and target high price respectively. As such, VNET has been trading -42.25% off suggested target high and 28.7% from its likely low.
VNET Group Inc ADR (VNET) estimates and forecasts
Looking at statistics comparing VNET Group Inc ADR share performance against respective industry, we note that the company has outperformed competitors. VNET Group Inc ADR (VNET) shares are 163.61% up over the last 6 months, with its year-to-date growth rate higher than industry average at 94.67% against 20.00%. The rating firms project that company’s revenue will grow 8.81% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 2.07B.
VNET Dividends
VNET Group Inc ADR has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
VNET Group Inc ADR (NASDAQ:VNET)’s Major holders
The next major institution holding the largest number of shares is BLACKSTONE INC. with 10.4 million shares, or about 3.9796% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $21.84 million.
We also have Vanguard International Stock Index-Total Intl Stock Indx and Vanguard International Stock Index-Emerging Markets Stk as the top two Mutual Funds with the largest holdings of the VNET Group Inc ADR (VNET) shares. Going by data provided on Oct 31, 2024, Vanguard International Stock Index-Total Intl Stock Indx holds roughly 1.89 shares. This is just over 0.72% of the total shares, with a market valuation of $10.56 million. Data from the same date shows that the other fund manager holds a little less at 1.65, or 0.63% of the shares, all valued at about 9.24 million.
