May 22, 2023, VNET Group Inc. (NASDAQ: VNET) trading session started at the price of $2.73, that was 5.03% jump from the session before. During the day, the shares moved up to $2.84 and dropped to $2.705 before settling in for the closing price of $2.68. A 52-week range for VNET has been $2.65 – $6.83.
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Technology Sector giant saw their annual sales surged by 15.80% over the last five years. When this article was written, the company’s average yearly earnings per share was at -261.40%. With a float of $124.27 million, this company’s outstanding shares have now reached $147.77 million.
The firm has a total of 3293 workers. Let’s measure their productivity. In terms of profitability, gross margin is +18.15, operating margin of +0.87, and the pretax margin is -8.92.
VNET Group Inc. (VNET) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward VNET Group Inc. stocks. The insider ownership of VNET Group Inc. is 13.33%, while institutional ownership is 76.20%.
VNET Group Inc. (VNET) Recent Fiscal highlights
Going through the last 3-months fiscal report unveiled on the 12/30/2022, it has been observed that the corporation posted -$0.06 earnings per share (EPS) during the time that was better than consensus figure (set at -$0.44) by $0.38. This company achieved a net margin of -10.98 while generating a return on equity of -11.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -261.40% per share during the next fiscal year.
VNET Group Inc. (NASDAQ: VNET) Trading Performance Indicators
You can see what VNET Group Inc. (VNET) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.75, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.20 in one year’s time.
Technical Analysis of VNET Group Inc. (VNET)
Analysing the last 5-days average volume posted by the [VNET Group Inc., VNET], we can find that recorded value of 1.1 million was lower than the volume posted last year of 2.0 million. As of the previous 9 days, the stock’s Stochastic %D was 17.92%. Additionally, its Average True Range was 0.18.
During the past 100 days, VNET Group Inc.’s (VNET) raw stochastic average was set at 4.07%, which indicates a significant decrease from 32.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.12% in the past 14 days, which was lower than the 83.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.12, while its 200-day Moving Average is $4.74. Now, the first resistance to watch is $2.87. This is followed by the second major resistance level at $2.92. The third major resistance level sits at $3.01. If the price goes on to break the first support level at $2.74, it is likely to go to the next support level at $2.65. Now, if the price goes above the second support level, the third support stands at $2.60.
VNET Group Inc. (NASDAQ: VNET) Key Stats
There are 148,074K outstanding shares of the company, which has a market capitalization of 425.57 million. As of now, sales total 1,024 M while income totals -112,500 K. Its latest quarter income was 252,240 K while its last quarter net income were -10,720 K.
