On Monday, VNET Group Inc ADR (NASDAQ: VNET) opened lower -0.88% from the last session, before settling in for the closing price of $3.40. Price fluctuations for VNET have ranged from $1.39 to $4.50 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. Company’s average yearly earnings per share was noted 94.56% at the time writing. With a float of $244.71 million, this company’s outstanding shares have now reached $252.27 million.
In an organization with 3038 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 18.67%, operating margin of -25.25%, and the pretax margin is -31.02%.
VNET Group Inc ADR (VNET) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Information Technology Services industry is another important factor to consider. The insider ownership of VNET Group Inc ADR is 5.18%, while institutional ownership is 23.56%.
VNET Group Inc ADR (VNET) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.05 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.07) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 94.56% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.80% 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
Check out the current performance indicators for VNET Group Inc ADR (VNET). In the past quarter, the stock posted a quick ratio of 0.87. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.31, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.02 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 1.63 million. That was better than the volume of 1.52 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 22.89%. Additionally, its Average True Range was 0.26.
During the past 100 days, VNET Group Inc ADR’s (VNET) raw stochastic average was set at 59.50%, which indicates a significant increase from 23.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 79.39% in the past 14 days, which was lower than the 86.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.35, while its 200-day Moving Average is $2.24. However, in the short run, VNET Group Inc ADR’s stock first resistance to watch stands at $3.52. Second resistance stands at $3.67. The third major resistance level sits at $3.78. If the price goes on to break the first support level at $3.26, it is likely to go to the next support level at $3.15. The third support level lies at $3.00 if the price breaches the second support level.
VNET Group Inc ADR (NASDAQ: VNET) Key Stats
There are currently 257,398K shares outstanding in the company with a market cap of 869.73 million. Presently, the company’s annual sales total 1,044 M according to its annual income of -372,380 K. Last quarter, the company’s sales amounted to 274,350 K and its income totaled 8,760 K.
