In last trading session, VNET Group Inc ADR (NASDAQ:VNET) saw 8.86 million shares changing hands with its beta currently measuring -0.17. Company’s recent per share price level of $7.42 trading at $0.24 or 3.34% at ring of the bell on the day assigns it a market valuation of $1.94B. That closing price of VNET’s stock is at a premium of 3.1% from its 52-week high price of $7.19 and is indicating a premium of 81.27% from its 52-week low price of $1.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.2 million shares which gives us an average trading volume of 3.06 million if we extend that period to 3-months.
For VNET Group Inc ADR (VNET), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.20. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.26 in the current quarter.
VNET Group Inc ADR (NASDAQ:VNET) trade information
Upright in the green during last session for gaining 3.34%, in the last five days VNET remained trading in the green while hitting it’s week-highest on Wednesday, 01/29/25 when the stock touched $7.42 price level, adding 8.85% to its value on the day. VNET Group Inc ADR’s shares saw a change of 56.54% in year-to-date performance and have moved 16.67% in past 5-day. VNET Group Inc ADR (NASDAQ:VNET) showed a performance of 80.10% in past 30-days. Number of shares sold short was 4.62 million shares which calculate 2.8 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.1 to the stock, which implies a fall of -21.64% to its current value. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 7.98. It follows that stock’s current price would jump 46.09% in reaching the projected high whereas dropping to the targeted low would mean a gain of 46.09% for stock’s current value.
VNET Group Inc ADR (VNET) estimates and forecasts
Statistics highlight that VNET Group Inc ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 272.86% of value to its shares in past 6 months, showing an annual growth rate of 90.67% while that of industry is 20.90. Apart from that, the company came raising its revenue forecast for fiscal year 2025. This year revenue growth is estimated to rise 8.95% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.07B for the same.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -55.24% during past 5 years.
VNET Group Inc ADR (NASDAQ:VNET)’s Major holders
FIL LTD is the top institutional holder at VNET for having 16.05 million shares of worth $33.62 million. And as of 2024-06-30, it was holding 6.1404 of the company’s outstanding shares.
The second largest institutional holder is BLACKSTONE INC., which was holding about 10.4 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.9796 of outstanding shares, having a total worth of $21.84 million.
On the other hand, Vanguard International Stock Index-Total Intl Stock Indx and Vanguard International Stock Index-Emerging Markets Stk are the top two Mutual Funds which own company’s shares. As of Oct 31, 2024 , the former fund manager was holding 1.89 shares of worth $14.02 million or 0.72% of the total outstanding shares. The later fund manager was in possession of 1.65 shares on Oct 31, 2024 , making its stake of worth around $12.27 million in the company or a holder of 0.63% of company’s stock.
