VNET Group Inc ADR (NASDAQ:VNET) shares, rose in value on Thursday, April 04, with the stock price down by -1.58% to the previous day’s close as strong demand from buyers drove the stock to $1.86.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.89. The value of beta (5-year monthly) is -0.30. Referring to stock’s 52-week performance, its high was $4.19, and the low was $1.39. On the whole, VNET has fluctuated by 20.01% over the past month.
With the market capitalization of VNET Group Inc ADR currently standing at about $266.60 million, investors are eagerly awaiting this quarter’s results, scheduled for May 22, 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 -$0.01, which is expected to increase to $0.02 for fiscal year -$0.12 and then to about -$0.04 by fiscal year 2025. Data indicates that the EPS growth is expected to be 95.10% in 2025, while the next year’s EPS growth is forecast to be 66.70%.
Analysts have estimated the company’s revenue for the quarter at $260.01 million, with a low estimate of $260.01 million and a high estimate of $260.01 million. According to the average forecast, sales growth in current quarter could jump up 4.20%, 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 $1.09 billion, representing an increase of 6.70% 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 VNET’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 VNET currently trading nearly 5.48% and 11.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.99, while the 7-day volatility ratio is showing 11.23% which for the 30-day chart, stands at 9.00%. Furthermore, VNET Group Inc ADR (VNET)’s beta value is -0.32, and its average true range (ATR) is 0.15.
A comparison of VNET Group Inc ADR (VNET) with its peers suggests the former has fared considerably weaker in the market. VNET showed an intraday change of -1.58% in today’s session so far, and over the past year, it shrunk by -55.07%%.
Data on historical trading for VNET Group Inc ADR (NASDAQ:VNET) indicates that the trading volumes over the past 10 days have averaged 1.19 million and over the past 3 months, they’ve averaged 2.31 million. According to company’s latest data on outstanding shares, there are 143.32 million shares outstanding.
Nearly 9.35% of VNET Group Inc ADR’s shares belong to company insiders and institutional investors own 41.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.81 million shares as on Mar 15, 2024, resulting in a short ratio of 3.17. According to the data, the short interest in VNET Group Inc ADR (VNET) stood at 3.04% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 10.26 million. The stock has fallen by -35.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VNET stock heading into the next quarter.
