In the last trading session, 3.08 million shares of the Gaotu Techedu Inc ADR (NYSE:GOTU) were traded, and its beta was 0.15. Most recently the company’s share price was $3.23, and it changed around -$0.14 or -4.15% from the last close, which brings the market valuation of the company to $466.35M. GOTU currently trades at a discount to its 52-week high of $8.44, offering almost -161.3% off that amount. The share price’s 52-week low was $1.87, which indicates that the current value has risen by an impressive 42.11% since then. We note from Gaotu Techedu Inc ADR’s average daily trading volume that its 10-day average is 2.86 million shares, with the 3-month average coming to 2.72 million.
Gaotu Techedu Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.82. If we narrow it down even further, the data shows that 1 out of 9 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended GOTU as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Gaotu Techedu Inc ADR is expected to report earnings per share of -0.35 for the current quarter.
Gaotu Techedu Inc ADR (NYSE:GOTU) trade information
Instantly GOTU has showed a red trend with a performance of -4.15% 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 4.08 on recent trading dayincreased the stock’s daily price by 20.83%. The company’s shares are currently up 47.49% year-to-date, but still down -19.05% over the last five days. On the other hand, Gaotu Techedu Inc ADR (NYSE:GOTU) is 20.97% up in the 30-day period. We can see from the shorts that 7.8 million shares have been sold at a short interest cover period of 2.36 day(s).
The consensus price target as assigned by Wall Street analysts is $2.94, which translates to bulls needing to decrease their stock price by -9.86% from its current value. Analyst projections state that GOTU is forecast to be at a low of $2.94 and a high of $2.94.
Gaotu Techedu Inc ADR (GOTU) estimates and forecasts
The year-over-year growth rate is expected to be 28.87%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 1.38B in revenue for the current quarter. 2 analysts expect Gaotu Techedu Inc ADR to make 1.19B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 946.88M and 1.01B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 45.37%. Forecasts for the next quarter put sales growth at 17.42%.
Gaotu Techedu Inc ADR (NYSE:GOTU)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.88% of Gaotu Techedu Inc ADR shares, and 23.64% of them are in the hands of institutional investors. The stock currently has a share float of 25.67%. Gaotu Techedu Inc ADR stock is held by 73.0 institutions, with GOLDMAN SACHS GROUP INC being the largest institutional investor. By 2024-06-30, it held 2.9885% of the shares, which is about 7.73 million shares worth $37.85 million.
MORGAN STANLEY, with 2.8648% or 7.41 million shares worth $36.29 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
