Let’s look at the key reasons that are pushing GDS Holdings Limited ADR (GDS) to new highs

GDS Holdings Limited ADR (NASDAQ: GDS) on Monday, soared 4.91% from the previous trading day, before settling in for the closing price of $19.55. Within the past 52 weeks, GDS’s price has moved between $5.01 and $20.00.

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During the last 5-year period, the sales growth of Technology Sector giant was 28.45%. The company achieved an average annual earnings per share of -140.83%. With a float of $176.10 million, this company’s outstanding shares have now reached $185.11 million.

Let’s determine the extent of company efficiency that accounts for 2345 employees.

GDS Holdings Limited ADR (GDS) Breakdown of a Key Holders of the stock

Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of GDS Holdings Limited ADR is 6.80%, while institutional ownership is 31.56%. The most recent insider transaction that took place on Sep 11 ’24, was worth 124,136. Before that another transaction happened on Aug 29 ’24, when Company’s Officer proposed sale 5,000 for $16.40, making the entire transaction worth $82,000.

GDS Holdings Limited ADR (GDS) Recent Fiscal highlights

As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.34 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.28) by -0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.34 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -140.83% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 0.51% during the next five years compared to -44.77% drop over the previous five years of trading.

GDS Holdings Limited ADR (NASDAQ: GDS) Trading Performance Indicators

GDS Holdings Limited ADR (GDS) is currently performing well based on its current performance indicators. A quick ratio of 1.39 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.66.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.17, a number that is poised to hit -0.22 in the next quarter and is forecasted to reach -0.64 in one year’s time.

Technical Analysis of GDS Holdings Limited ADR (GDS)

Looking closely at GDS Holdings Limited ADR (NASDAQ: GDS), its last 5-days average volume was 1.99 million, which is a jump from its year-to-date volume of 1.59 million. As of the previous 9 days, the stock’s Stochastic %D was 92.99%. Additionally, its Average True Range was 1.00.

During the past 100 days, GDS Holdings Limited ADR’s (GDS) raw stochastic average was set at 97.73%, which indicates a significant increase from 93.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.28% in the past 14 days, which was higher than the 67.77% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $14.03, while its 200-day Moving Average is $9.37. However, in the short run, GDS Holdings Limited ADR’s stock first resistance to watch stands at $21.01. Second resistance stands at $21.50. The third major resistance level sits at $22.19. If the price goes on to break the first support level at $19.82, it is likely to go to the next support level at $19.13. Now, if the price goes above the second support level, the third support stands at $18.64.

GDS Holdings Limited ADR (NASDAQ: GDS) Key Stats

Market capitalization of the company is 3.88 billion based on 190,554K outstanding shares. Right now, sales total 1,407 M and income totals -606,180 K. The company made 388,920 K in profit during its latest quarter, and -31,060 K in sales during its previous quarter.