VNET Group Inc. (VNET) Open at price of $2.83: A Brand-New Opportunity for Investors

VNET Group Inc. (NASDAQ: VNET) started the day on May 25, 2023, with a price decrease of -5.58% at $2.54. During the day, the stock rose to $2.835 and sunk to $2.53 before settling in for the price of $2.69 at the close. Taking a more long-term approach, VNET posted a 52-week range of $2.61-$6.83.

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The Technology Sector giants’ yearly sales growth during the last 5-year period was 15.80%. Meanwhile, its Annual Earning per share during the time was 5.30%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -261.40%. This publicly-traded company’s shares outstanding now amounts to $147.77 million, simultaneously with a float of $124.27 million. The organization now has a market capitalization sitting at $383.31 million. At the time of writing, stock’s 50-day Moving Average stood at $3.10, while the 200-day Moving Average is $4.71.

Let’s gauge the efficiency of the firm, which has a total of 3293 employees. For the Profitability, stocks gross margin was +18.15, operating margin was +0.87 and Pretax Margin of -8.92.

VNET Group Inc. (VNET) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Information Technology Services Industry. VNET Group Inc.’s current insider ownership accounts for 13.33%, in contrast to 76.20% institutional ownership.

VNET Group Inc. (VNET) Earnings and Revenue Records

In the latest quarterly report released, which was put into the public domain on 3/30/2023, the organization reported $0.06 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at -$0.09) by $0.15. 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 -0.06 per share during the current fiscal year.

VNET Group Inc.’s EPS decrease for this current 12-month fiscal period is -261.40% and is forecasted to reach -0.20 in the upcoming year.

VNET Group Inc. (NASDAQ: VNET) Trading Performance Indicators

Let’s observe the current performance indicators for VNET Group Inc. (VNET). It’s Quick Ratio in the last reported quarter now stands at 1.10. The Stock has managed to achieve an average true range (ATR) of 0.18. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.38.

In the same vein, VNET’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.75, a figure that is expected to reach -0.09 in the next quarter, and analysts are predicting that it will be -0.20 at the market close of one year from today.

Technical Analysis of VNET Group Inc. (VNET)

If we take a close look at the recent performances of VNET Group Inc. (NASDAQ: VNET), its last 5-days Average volume was 1.1 million that shows plunge from its year to date volume of 1.98 million. During the previous 9 days, stock’s Stochastic %D was recorded 14.06% While, its Average True Range was 0.18.

Raw Stochastic average of VNET Group Inc. (VNET) in the period of the previous 100 days is set at 0.23%, which indicates a major fall in contrast to 1.54% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 54.98% that was lower than 84.04% volatility it exhibited in the past 100-days period.


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