VNET Group Inc ADR (NASDAQ:VNET) traded at $1.58 at close of the session on Friday, April 26, made a downward move of -4.82% on its previous day’s price.
Looking at the stock we see that its previous close was $1.66 . In terms of its 52-week price range, VNET has a high of $3.88 and a low of $1.39. The company’s stock has lost about -6.78% over that past 30 days.
VNET Group Inc ADR has a market cap of $398.52 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.02, with the EPS growth for the year raised at -$0.13 for 2024 and -$0.1 for next year. These figures represent 94.70% and 23.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $268.06 million, with a low of $264.65 million and a high of $271.47 million. The median projection represents growth squeezing down to 7.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.11 billion, or 6.80% up from figures reported last year.
On the other hand, looking at the outlook for the VNET stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -4.24% off its SMA20 and -4.88% from its 50-day simple moving average. The RSI (14) is pointing at 46.31 while the volatility over the past week is 7.89% and jumps to 7.47% over the past one month. The beta value is -0.31, while the average true range (ATR) is currently pointing at 0.12.
Coming back to VNET Group Inc ADR (NASDAQ:VNET), we note that the average 3-month trading volume was 1.84 million. Current shares outstanding are 252.27 million.
The insiders hold 9.33% of the company’s shares while institutions hold 23.54%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -44.95% down in year-to-date price movement.
