GDS Holdings Limited ADR (NASDAQ:GDS) price on Thursday, May 22, fall -5.03% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $28.16.
A look at the stock’s price movement, the close in the last trading session was $29.65. Turning to its 52-week performance, $52.50 and $7.35 were the 52-week high and 52-week low respectively. Overall, GDS moved 20.29% over the past month.
GDS Holdings Limited ADR’s market cap currently stands at around $5.32 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 2.83B for the company’s revenue for the quarter, with a low and high estimate of 2.77B and 2.88B respectively. The average forecast suggests up to a 0.01% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 11.47B, representing a 11.12% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GDS is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 7 recommend GDS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GDS’s current price about 5.61% and 9.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.86, while 7-day volatility ratio is 5.16% and 5.06% in the 30-day chart. Further, GDS Holdings Limited ADR (GDS) has a beta value of 0.33, and an average true range (ATR) of 1.93. Analysts have given the company’s stock an average 52-week price target of $40, forecast between a low of $40 and high of $40. Looking at the price targets, the low is -42.05% off current price level while to achieve the yearly target high, price needs to move -42.05%. Nonetheless, investors will most likely welcome a -42.05% jump to $40 which is the analysts’ median price.
If we refocus on GDS Holdings Limited ADR (NASDAQ:GDS), historical trading data shows that trading volumes averaged 3.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 188.95 million shares.
The 1.60% of GDS Holdings Limited ADR’s shares are in the hands of company insiders while institutional holders own 31.90% of the company’s shares. Current price change has pushed the stock 18.52% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GDS stock continues to rise going into the next quarter.
