VNET Group Inc ADR (NASDAQ:VNET) price closed lower on Tuesday, April 16, dropping -5.06% below its previous close.
A look at the daily price movement shows that the last close reads $1.58. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.88 and 52-week low of $1.39. The stock subtracted -16.67% on its value in the past month.
VNET Group Inc ADR, which has a market valuation of $378.34 million. Analysts tracking VNET have forecast the quarterly EPS to shrink by -0.02 per share this quarter, while the same analysts predict the annual EPS to hit -$0.13 for the year 2024 and up to -$0.1 for 2025. In this case, analysts estimate an annual EPS growth of 94.70% for the year and 23.10% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $263.24 million, with the likely lows of $259.89 million and highs of $266.59 million. The average estimate suggests sales growth for the quarter will likely rise by 5.50% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.09 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 6.80% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give VNET a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that VNET’s price is at present -15.49% off the SMA20 and -9.77% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 38.43, with weekly volatility standing at 7.27%. The indicator jumps to 7.74% when calculated based on the past 30 days. VNET Group Inc ADR (NASDAQ:VNET)’s beta value is holding at -0.30, while the average true range (ATR) indicator is currently reading 0.13.
An analysis of the VNET Group Inc ADR (NASDAQ:VNET) stock in terms of its daily trading volume indicates that the 3-month average is 2.10 million.
Current records show that the company has 252.23M in outstanding shares. The insiders’ percentage holdings are 9.33% of outstanding shares while the percentage share held by institutions stands at 23.52%. But the -47.74% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
