In the last trading session, 7.23 million shares of the VNET Group Inc ADR (NASDAQ:VNET) were traded, and its beta was 0.27. Most recently the company’s share price was $5.54, and it changed around -$0.13 or -2.29% from the last close, which brings the market valuation of the company to $1.45B. VNET currently trades at a discount to its 52-week high of $16.13, offering almost -191.16% off that amount. The share price’s 52-week low was $1.42, which indicates that the current value has risen by an impressive 74.37% since then. We note from VNET Group Inc ADR’s average daily trading volume that its 10-day average is 9.66 million shares, with the 3-month average coming to 10.60 million.
VNET Group Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.08. If we narrow it down even further, the data shows that 1 out of 13 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 1 rated it as Underweight. VNET Group Inc ADR is expected to report earnings per share of 0.09 for the current quarter.
VNET Group Inc ADR (NASDAQ:VNET) trade information
Instantly VNET has showed a red trend with a performance of -2.29% 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 6.79 on recent trading dayincreased the stock’s daily price by 18.41%. The company’s shares are currently up 16.88% year-to-date, but still down -13.30% over the last five days. On the other hand, VNET Group Inc ADR (NASDAQ:VNET) is -46.73% down in the 30-day period. We can see from the shorts that 26.14 million shares have been sold at a short interest cover period of 2.19 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 20.86% from its current value. Analyst projections state that VNET is forecast to be at a low of $7 and a high of $7.
VNET Group Inc ADR (VNET) estimates and forecasts
The year-over-year growth rate is expected to be 12.70%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 2.22B in revenue for the current quarter. 2 analysts expect VNET Group Inc ADR to make 2.26B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.9B and 1.99B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 17.07%. Forecasts for the next quarter put sales growth at 13.58%.
VNET Group Inc ADR earnings are expected to increase by 70.99% in 2025, but the outlook is positive 82.27% per year for the next five years.
VNET Dividends
VNET Group Inc ADR’s next quarterly earnings report is expected to be released on 2025-Mar-11.
VNET Group Inc ADR (NASDAQ:VNET)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.84% of VNET Group Inc ADR shares, and 40.86% of them are in the hands of institutional investors. The stock currently has a share float of 43.86%. VNET Group Inc ADR stock is held by 152.0 institutions, with FIL LTD being the largest institutional investor. By 2024-06-30, it held 6.1404% of the shares, which is about 16.05 million shares worth $33.62 million.
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 STAR FUNDS-Vanguard Total International Stock Index Fund and VANGUARD Intl Eqy. INDEX Fd.S-Vanguard Emerging Markets Stock Index Fd were the top two Mutual Funds as of Jan 31, 2025 . The former held 1.89 shares worth $10.47 million, making up 0.72% of all outstanding shares. On the other hand, VANGUARD Intl Eqy. INDEX Fd.S-Vanguard Emerging Markets Stock Index Fd held roughly 1.65 shares worth around $9.16 million, which represents about 0.63% of the total shares outstanding.
