In the latest trading session, 2.37 million VNET Group Inc ADR (NASDAQ:VNET) shares changed hands as the company’s beta touched 0.27. With the company’s most recent per share price at $6.12 changed hands at -$0.27 or -4.18% at last look, the market valuation stands at $1.60B. VNET’s current price is a discount, trading about -163.56% off its 52-week high of $16.13. The share price had its 52-week low at $1.42, which suggests the last value was 76.8% up since then. When we look at VNET Group Inc ADR’s average trading volume, we note the 10-day average is 7.72 million shares, with the 3-month average coming to 10.03 million.
Analysts gave the VNET Group Inc ADR (VNET) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.08. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended VNET as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. VNET Group Inc ADR’s EPS for the current quarter is expected to be 0.09.
VNET Group Inc ADR (NASDAQ:VNET) trade information
Instantly VNET was in red as seen in intraday trades today. With action -25.33%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 29.17%, with the 5-day performance at -25.33% in the red. However, in the 30-day time frame, VNET Group Inc ADR (NASDAQ:VNET) is -46.62% down. Looking at the short shares, we see there were 32.5 million shares sold at short interest cover period of 2.1 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.1, meaning bulls need a downside of -0.33% from its recent market value. According to analyst projections, VNET’s forecast low is 5.2 with 7 as the target high. To hit the forecast high, the stock’s price needs a -14.38% plunge from its current level, while the stock would need to tank 15.03% for it to hit the projected low.
VNET Group Inc ADR (VNET) estimates and forecasts
Year-over-year growth is forecast to reach 12.70% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 2.22B. 2 analysts are of the opinion that VNET Group Inc ADR’s revenue for the current quarter will be 2.26B. The company’s revenue for the corresponding quarters a year ago was 1.9B and 1.99B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.07%. The estimates for the next quarter sales put growth at 13.58%.
The 2025 estimates are for VNET Group Inc ADR earnings to increase by 70.74%, but the outlook for the next 5-year period is at 82.18% per year.
VNET Group Inc ADR (NASDAQ:VNET)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.84% of VNET Group Inc ADR shares while 41.16% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 44.19%. There are 41.16% institutions holding the VNET Group Inc ADR stock share, with FIL LTD the top institutional holder. As of 2024-06-30, the company held 6.1404% of the shares, roughly 16.05 million VNET shares worth $33.62 million.
BLACKSTONE INC. holds the second largest percentage of outstanding shares, with 3.9796% or 10.4 million shares worth $21.84 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund and VANGUARD Intl Eqy. INDEX Fd.S-Vanguard Emerging Markets Stock Index Fd. With 1.89 shares estimated at $12.61 million under it, the former controlled 0.72% of total outstanding shares. On the other hand, VANGUARD Intl Eqy. INDEX Fd.S-Vanguard Emerging Markets Stock Index Fd held about 0.63% of the shares, roughly 1.65 shares worth around $11.04 million.
