A new trading day began on Friday, with VNET Group Inc ADR (NASDAQ: VNET) stock price down -7.47% from the previous day of trading, before settling in for the closing price of $1.74. VNET’s price has ranged from $1.39 to $3.88 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
It was noted that within the last five years, the titan of the Technology sector saw sales topped by 16.10%. Meanwhile, its annual earnings per share averaged 68.83%. With a float of $228.71 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 9.33%, while institutional ownership is 23.52%.
VNET Group Inc ADR (VNET) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 93.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 68.83% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.60% 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 0.39.
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)
The latest stats from [VNET Group Inc ADR, VNET] show that its last 5-days average volume of 0.84 million was inferior to 2.16 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 46.29%. Additionally, its Average True Range was 0.13.
During the past 100 days, VNET Group Inc ADR’s (VNET) raw stochastic average was set at 12.02%, which indicates a significant decrease from 20.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 92.26% in the past 14 days, which was higher than the 74.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.6643, while its 200-day Moving Average is $2.5901. Now, the first resistance to watch is $1.6900. This is followed by the second major resistance level at $1.7700. The third major resistance level sits at $1.8100. If the price goes on to break the first support level at $1.5700, it is likely to go to the next support level at $1.5300. Assuming the price breaks the second support level, the third support level stands at $1.4500.
VNET Group Inc ADR (NASDAQ: VNET) Key Stats
With a market capitalization of 406.09 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.
