VNET Group Inc ADR (NASDAQ:VNET)’s traded shares stood at 16.56 million during the last session, with the company’s beta value hitting 0.03. At the close of trading, the stock’s price was $9.85, to imply a decrease of -9.96% or -$1.09 in intraday trading. The VNET share’s 52-week high remains $16.13, putting it -63.76% down since that peak but still an impressive 85.58% since price per share fell to its 52-week low of $1.42. The company has a valuation of $2.58B, with an average of 13.76 million shares in intraday trading volume over the past 10 days and average of 9.13 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 1.09. 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.
VNET Group Inc ADR (NASDAQ:VNET) trade information
After registering a -9.96% downside in the last session, VNET Group Inc ADR (VNET) has traded red over the past five days. The 5-day price performance for the stock is -10.45%, and -18.33% over 30 days. With these gigs, the year-to-date price performance is 107.81%. Short interest in VNET Group Inc ADR (NASDAQ:VNET) saw shorts transact 21.23 million shares and set a 1.76 days time to cover.
The extremes give us $5.2 and $7 for target low and target high price respectively. As such, VNET has been trading 28.93% off suggested target high and 47.21% from its likely low.
VNET Group Inc ADR (VNET) estimates and forecasts
The rating firms project that company’s revenue will grow 13.04% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 2.23B. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 2.28B.Earnings reports from the last fiscal year show that sales brought in 1.9B and 1.99B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 17.55% before jumping 14.51% in the following quarter.
VNET Dividends
VNET Group Inc ADR has its next earnings report out on 2025-Mar-11. 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
VNET Group Inc ADR insiders hold 6.84% of total outstanding shares, with institutional holders owning 40.54% of the shares at 43.52% float percentage. In total, 40.54% institutions holds shares in the company, led by FIL LTD. As of 2024-06-30, the company held over 16.05 million shares (or 6.1404% of shares), all amounting to roughly $33.62 million.
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 Total International Stock Index Fund and Vanguard Emerging Markets Stock Index Fund 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 Total International Stock Index Fund holds roughly 1.89 shares. This is just over 0.72% of the total shares, with a market valuation of $18.61 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 16.29 million.
