VNET Group Inc ADR (NASDAQ: VNET) Investors Should Be Worried About This.

The trading price of VNET Group Inc ADR (NASDAQ:VNET) closed lower on Friday, May 10, closing at $1.92, -0.52% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $3.88 and a 52-week low of $1.39. Over the past month, the stock has gained 10.34% in value.

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VNET Group Inc ADR, whose market valuation is $484.36 million at the time of this writing, is expected to release its quarterly earnings report May 22, 2024 – May 27, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest VNET has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.

A quick review shows that VNET’s price is currently 14.01% off the SMA20 and 11.74% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.70, and weekly volatility stands at 5.61%. When measured over the past 30 days, the indicator reaches 6.98%. VNET Group Inc ADR (NASDAQ:VNET)’s beta value is currently sitting at -0.35, while the Average True Range indicator is currently displaying 0.12.

To see how VNET Group Inc ADR stock has been performing in comparison to its peers in the industry, here are the numbers: VNET stock’s performance was -0.52% in the latest trading, and -36.21% in the past year.

An evaluation of the daily trading volume of VNET Group Inc ADR (NASDAQ:VNET) indicates that the 3-month average is 1.51 million.

Currently, records show that 252.27 million of the company’s shares remain outstanding. The insiders hold 9.33% of outstanding shares, whereas institutions hold 23.65%. However, since the stock’s price has seen -33.10% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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