VNET Group Inc. (NASDAQ: VNET) kicked off on January 24, 2023, at the price of $6.25, down -1.43% from the previous trading day. During the day, the shares moved up to $6.35 and dropped to $6.11 before settling in for the closing price of $6.29. Over the past 52 weeks, VNET has traded in a range of $3.51-$10.06.
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Annual sales at Technology sector company grew by 11.20% over the past five years. While this was happening, its average annual earnings per share was recorded 114.30%. With a float of $123.84 million, this company’s outstanding shares have now reached $148.07 million.
Let’s look at the performance matrix of the company that is accounted for 3221 employees. In terms of profitability, gross margin is +22.31, operating margin of +2.11, and the pretax margin is +10.75.
VNET Group Inc. (VNET) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Information Technology Services Industry. The insider ownership of VNET Group Inc. is 13.33%, while institutional ownership is 76.20%.
VNET Group Inc. (VNET) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/29/2022, the organization reported -$0.36 earnings per share (EPS), lower than consensus estimate (set at -$0.05) by -$0.31. This company achieved a net margin of +8.08 while generating a return on equity of 7.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 114.30% per share during the next fiscal year.
VNET Group Inc. (NASDAQ: VNET) Trading Performance Indicators
Take a look at VNET Group Inc.’s (VNET) current performance indicators. Last quarter, stock had a quick ratio of 1.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.91. Likewise, its price to free cash flow for the trailing twelve months is 2.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.75, a number that is poised to hit -0.32 in the next quarter and is forecasted to reach -0.36 in one year’s time.
Technical Analysis of VNET Group Inc. (VNET)
VNET Group Inc. (NASDAQ: VNET) saw its 5-day average volume 1.29 million, a positive change from its year-to-date volume of 1.24 million. As of the previous 9 days, the stock’s Stochastic %D was 48.07%. Additionally, its Average True Range was 0.35.
During the past 100 days, VNET Group Inc.’s (VNET) raw stochastic average was set at 77.22%, which indicates a significant increase from 37.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.54% in the past 14 days, which was lower than the 75.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.54, while its 200-day Moving Average is $5.48. Nevertheless, the first resistance level for the watch stands at $6.33 in the near term. At $6.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.57. If the price goes on to break the first support level at $6.09, it is likely to go to the next support level at $5.98. The third support level lies at $5.85 if the price breaches the second support level.
VNET Group Inc. (NASDAQ: VNET) Key Stats
The company with the Market Capitalisation of 932.05 million has total of 145,672K Shares Outstanding. Its annual sales at the moment are 971,320 K in contrast with the sum of 78,480 K annual income. Company’s last quarter sales were recorded 255,040 K and last quarter income was -59,780 K.