Investors finally get a glimpse of VNET Group Inc ADR (VNET) volume hitting the figure of 2.51.

A new trading day began on Friday, with VNET Group Inc ADR (NASDAQ: VNET) stock price up 1.50% from the previous day of trading, before settling in for the closing price of $4.17. VNET’s price has ranged from $1.39 to $6.66 over the past 52 weeks.

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Annual sales at Technology sector company grew by 20.19% over the past five years. Meanwhile, its annual earnings per share averaged 63.43%. With a float of $129.96 million, this company’s outstanding shares have now reached $143.32 million.

VNET Group Inc ADR (VNET) Insider and Institutional Ownership

As we move forward, let’s examine how large-scale investors are investing in this stock of the Information Technology Services Industry. The insider ownership of VNET Group Inc ADR is 9.33%, while institutional ownership is 41.96%.

VNET Group Inc ADR (VNET) Latest Financial update

In its latest quarterly report, released on 9/29/2023, the company reported earnings of -$0.04 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 63.43% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.52% during the next five years compared to 8.38% growth over the previous five years of trading.

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

Here are VNET Group Inc ADR’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.21.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.27, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.28 in one year’s time.

Technical Analysis of VNET Group Inc ADR (VNET)

VNET Group Inc ADR (NASDAQ: VNET) saw its 5-day average volume 2.45 million, a negative change from its year-to-date volume of 2.7 million. As of the previous 9 days, the stock’s Stochastic %D was 34.40%. Additionally, its Average True Range was 0.15.

During the past 100 days, VNET Group Inc ADR’s (VNET) raw stochastic average was set at 4.44%, which indicates a significant decrease from 15.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.19% in the past 14 days, which was lower than the 84.71% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.4324, while its 200-day Moving Average is $2.8610. Nevertheless, the first resistance level for the watch stands at $1.5267 in the near term. At $1.5533, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.5767. If the price goes on to break the first support level at $1.4767, it is likely to go to the next support level at $1.4533. The third support level lies at $1.4267 if the price breaches the second support level.

VNET Group Inc ADR (NASDAQ: VNET) Key Stats

With a market capitalization of 214.98 million, the company has a total of 148,452K Shares Outstanding. Currently, annual sales are 1,024 M while annual income is -112,500 K. The company’s previous quarter sales were 258,620 K while its latest quarter income was -6,920 K.