GDS Holdings Limited ADR (NASDAQ:GDS) shares, rose in value, with the stock price up by 8.86% to the previous day’s close as strong demand from buyers drove the stock to $7.86.
Actively observing the price movement in the last trading, the stock closed the session at $7.22. The value of beta (5-year monthly) was 0.40. Referring to stock’s 52-week performance, its high was $18.88, and the low was $5.01. On the whole, GDS has fluctuated by 22.81% over the past month.
With the market capitalization of GDS Holdings Limited ADR currently standing at about $1.44 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 23, 2024 – May 27, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.33, which is expected to increase to -$0.36 for fiscal year -$1.05 and then to about -$0.64 by fiscal year 2025. Data indicates that the EPS growth is expected to be -4.00% in 2025, while the next year’s EPS growth is forecast to be 39.00%.
Analysts have estimated the company’s revenue for the quarter at $368.8 million, with a low estimate of $368.52 million and a high estimate of $369.08 million. According to the average forecast, sales growth in current quarter could jump up 7.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.58 billion, representing an increase of 15.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GDS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GDS currently trading nearly 7.11% and 17.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.88, while the 7-day volatility ratio is showing 8.00% which for the 30-day chart, stands at 8.82%. Furthermore, GDS Holdings Limited ADR (GDS)’s beta value is 0.37, and its average true range (ATR) is 0.67.
A comparison of GDS Holdings Limited ADR (GDS) with its peers suggests the former has fared considerably weaker in the market. GDS showed an intraday change of 8.86% in last session, and over the past year, it shrunk by -57.88%%.
Data on historical trading for GDS Holdings Limited ADR (NASDAQ:GDS) indicates that the trading volumes over the past 10 days have averaged 3.1 million and over the past 3 months, they’ve averaged 1.87 million. According to company’s latest data on outstanding shares, there are 183.12 million shares outstanding.
Nearly 7.02% of GDS Holdings Limited ADR’s shares belong to company insiders and institutional investors own 23.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.76 million shares as on Mar 15, 2024, resulting in a short ratio of 6.27. According to the data, the short interest in GDS Holdings Limited ADR (GDS) stood at 5.75% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 9.87 million. The stock has fallen by -13.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GDS stock heading into the next quarter.
