In the last trading session, 16.26 million shares of the VNET Group Inc ADR (NASDAQ:VNET) were traded, and its beta was 0.07. Most recently the company’s share price was $9.96, and it changed around -$1.77 or -15.09% from the last close, which brings the market valuation of the company to $2.61B. VNET currently trades at a discount to its 52-week high of $16.13, offering almost -61.95% off that amount. The share price’s 52-week low was $1.42, which indicates that the current value has risen by an impressive 85.74% since then.
VNET Group Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.23. If we narrow it down even further, the data shows that 1 out of 12 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 0 recommended VNET as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. VNET Group Inc ADR is expected to report earnings per share of 0.35 for the current quarter.
VNET Group Inc ADR (NASDAQ:VNET) trade information
Instantly VNET has showed a red trend with a performance of -15.09% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 14.14 on recent trading dayincreased the stock’s daily price by 29.56%. The company’s shares are currently up 110.13% year-to-date, but still down -25.03% over the last five days. On the other hand, VNET Group Inc ADR (NASDAQ:VNET) is 33.16% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $5.2, which translates to bulls needing to decrease their stock price by -91.54% from its current value. Analyst projections state that VNET is forecast to be at a low of $4 and a high of $7.
VNET Group Inc ADR (VNET) estimates and forecasts
The year-over-year growth rate is expected to be 9.16%, 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 8.85%.
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 April.
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 $18.82 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 $16.47 million, which represents about 0.63% of the total shares outstanding.
