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.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

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.