Gaotu Techedu Inc ADR (NYSE:GOTU) shares, rose in value, with the stock price down by -7.59% to the previous day’s close as strong demand from buyers drove the stock to $6.45.
Actively observing the price movement in the last trading, the stock closed the session at $6.98. Referring to stock’s 52-week performance, its high was $8.42, and the low was $2.22. On the whole, GOTU has fluctuated by -5.43% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GOTU’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% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GOTU currently trading nearly -1.44% and -2.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.78, while the 7-day volatility ratio is showing 8.20% which for the 30-day chart, stands at 5.68%. Furthermore, Gaotu Techedu Inc ADR (GOTU)’s beta value is 0.05, and its average true range (ATR) is 0.43.
A comparison of Gaotu Techedu Inc ADR (GOTU) with its peers suggests the former has fared considerably weaker in the market. GOTU showed an intraday change of -7.59% in last session, and over the past year, it grew by 96.65%%.
Data on historical trading for Gaotu Techedu Inc ADR (NYSE:GOTU) indicates that the trading volumes over the past 3 months, they’ve averaged 5.75 million. According to company’s latest data on outstanding shares, there are 152.10 million shares outstanding.
Nearly 0.06% of Gaotu Techedu Inc ADR’s shares belong to company insiders and institutional investors own 31.16% of the company’s shares. The stock has risen by 78.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GOTU stock heading into the next quarter.
