GDS Holdings Limited ADR (NASDAQ:GDS) shares, rose in value on Friday, April 26, with the stock price up by 5.56% to the previous day’s close as strong demand from buyers drove the stock to $7.60.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.20. Referring to stock’s 52-week performance, its high was $15.75, and the low was $5.01. On the whole, GDS has fluctuated by 20.06% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.59B, with a low estimate of 364.95M and a high estimate of 368.34M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 367.06M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GDS’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GDS currently trading nearly 12.04% and 8.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.86, while the 7-day volatility ratio is showing 3.74% which for the 30-day chart, stands at 6.14%. Furthermore, GDS Holdings Limited ADR (GDS)’s beta value is 0.35, and its average true range (ATR) is 0.48.
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 5.56% in today’s session so far, and over the past year, it shrunk by -49.03%%.
Data on historical trading for GDS Holdings Limited ADR (NASDAQ:GDS) indicates that the trading volumes over the past 3 months, they’ve averaged 1.76 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 23.06% of the company’s shares. The stock has fallen by -16.67% 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.
