A new trading day began on Tuesday, with VNET Group Inc ADR (NASDAQ: VNET) stock price up 3.33% from the previous day of trading ,before settling in for the closing price of $1.80. VNET’s price has ranged from $1.39 to $3.88 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 16.10% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 68.85%. With a float of $228.64 million, this company’s outstanding shares have now reached $252.23 million.
VNET Group Inc ADR (VNET) Insider Updates
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 9.35%, while institutional ownership is 23.52%.
VNET Group Inc ADR (VNET) Performance Highlights and Predictions
In its latest quarterly report, released on 12/30/2023, the company reported earnings of -$2.2 per share, which was $0.1 lower 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 0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 68.85% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.59% during the next five years compared to -55.24% drop 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 0.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.41, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach -0.10 in one year’s time.
Technical Analysis of VNET Group Inc ADR (VNET)
Let’s dig in a bit further. During the last 5-days, its volume was 0.65 million. That was inferior than the volume of 2.2 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 73.22%. Additionally, its Average True Range was 0.14.
During the past 100 days, VNET Group Inc ADR’s (VNET) raw stochastic average was set at 19.92%, which indicates a significant decrease from 71.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 87.39% in the past 14 days, which was lower than the 88.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.6655, while its 200-day Moving Average is $2.6079. However, in the short run, VNET Group Inc ADR’s stock first resistance to watch stands at $1.9100. Second resistance stands at $1.9600. The third major resistance level sits at $2.0200. If the price goes on to break the first support level at $1.8000, it is likely to go to the next support level at $1.7400. Assuming the price breaks the second support level, the third support level stands at $1.6900.
VNET Group Inc ADR (NASDAQ: VNET) Key Stats
With a market capitalization of 469.15 million, the company has a total of 148,452K Shares Outstanding. Currently, annual sales are 1,044 M while annual income is -372,380 K. The company’s previous quarter sales were 267,400 K while its latest quarter income was -344,060 K.
