Gaotu Techedu Inc ADR (NYSE:GOTU) traded at $6.70 at close of the session on Friday, April 26, made a downward move of -2.62% on its previous day’s price.
Looking at the stock we see that its previous close was $6.88 . In terms of its 52-week price range, GOTU has a high of $8.42 and a low of $2.22. The company’s stock has lost about -0.59% over that past 30 days.
Gaotu Techedu Inc ADR has a market cap of $991.13 million. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at $0.06 for 2024 and $0.12 for next year. These figures represent 100.00% and 100.00% 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 $132.08 million, with a low of $130.14 million and a high of $135.54 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $622.67 million, or 49.50% up from figures reported last year.
On the other hand, looking at the outlook for the GOTU stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 2.64% off its SMA20 and 0.03% from its 50-day simple moving average. The RSI (14) is pointing at 52.07 while the volatility over the past week is 8.72% and jumps to 6.22% over the past one month. The beta value is 0.05, while the average true range (ATR) is currently pointing at 0.45.
Coming back to Gaotu Techedu Inc ADR (NYSE:GOTU), we note that the average 3-month trading volume was 5.69 million. Current shares outstanding are 147.93 million.
The insiders hold 0.06% of the company’s shares while institutions hold 32.07%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 85.08% up in year-to-date price movement.
