In today’s recent session, 1.87 million shares of the VNET Group Inc ADR (NASDAQ:VNET) have been traded, and its beta is -0.22. Most recently the company’s share price was $6.34, and it changed around $0.74 or 13.21% from the last close, which brings the market valuation of the company to $1.66B. VNET at last check was trading at a discount to its 52-week high of $6.00, offering almost 5.36% off that amount. The share price’s 52-week low was $1.39, which indicates that the recent value has risen by an impressive 78.08% since then. We note from VNET Group Inc ADR’s average daily trading volume that its 10-day average is 4.0 million shares, with the 3-month average coming to 2.59 million.
VNET Group Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.20. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 1 recommended VNET as a Hold, whereas 6 deemed it a Buy, and 1 rated it as Underweight. VNET Group Inc ADR is expected to report earnings per share of 0.26 for the current quarter.
VNET Group Inc ADR (NASDAQ:VNET) trade information
Instantly VNET has been showing a green trend so far today with a performance of 13.21% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.47 on recent trading dayincreased the stock’s daily price by 2.01%. The company’s shares are currently up 33.76% year-to-date, but still up 24.80% over the last five days. On the other hand, VNET Group Inc ADR (NASDAQ:VNET) is 60.91% up in the 30-day period. We can see from the shorts that 4.62 million shares have been sold at a short interest cover period of 2.8 day(s).
The consensus price target as assigned by Wall Street analysts is $6.1, which translates to bulls needing to decrease their stock price by -3.93% from its current value. Analyst projections state that VNET is forecast to be at a low of $4 and a high of $7.98.
VNET Group Inc ADR (VNET) estimates and forecasts
VNET Group Inc ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 203.35 percent over the past six months and at a 94.67% annual growth rate that is well above the industry average of 19.80%. The year-over-year growth rate is expected to be 8.95%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 2.07B in revenue for the current quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 9.09%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -55.24%.
VNET Dividends
VNET Group Inc ADR’s next quarterly earnings report is expected to be released in February.
VNET Group Inc ADR (NASDAQ:VNET)’s Major holders
BLACKSTONE INC., with 3.9796% or 10.4 million shares worth $21.84 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 Oct 31, 2024 . The former held 1.89 shares worth $11.7 million, making up 0.72% of all outstanding shares. On the other hand, Vanguard International Stock Index-Emerging Markets Stk held roughly 1.65 shares worth around $10.24 million, which represents about 0.63% of the total shares outstanding.
