On Tuesday, VNET Group Inc ADR (NASDAQ: VNET) was -3.06% drop from the session before settling in for the closing price of $3.59. A 52-week range for VNET has been $1.39 – $4.50.
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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. When this article was written, the company’s average yearly earnings per share was at 94.50%. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward VNET Group Inc ADR stocks. The insider ownership of VNET Group Inc ADR is 5.18%, while institutional ownership is 23.61%.
VNET Group Inc ADR (VNET) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -0.05 earnings per share (EPS) during the time that was better than consensus figure (set at -0.07) by 0.02. 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 94.50% 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
You can see what VNET Group Inc ADR (VNET) is doing with its current performance indicators. In the most recent 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 0.85.
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 1.57 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 45.00%. Additionally, its Average True Range was 0.28.
During the past 100 days, VNET Group Inc ADR’s (VNET) raw stochastic average was set at 63.44%, which indicates a significant increase from 38.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 111.62% in the past 14 days, which was higher than the 92.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.49, while its 200-day Moving Average is $2.29. However, in the short run, VNET Group Inc ADR’s stock first resistance to watch stands at $3.54. Second resistance stands at $3.61. The third major resistance level sits at $3.65. If the price goes on to break the first support level at $3.43, it is likely to go to the next support level at $3.39. The third support level lies at $3.32 if the price breaches the second support level.
VNET Group Inc ADR (NASDAQ: VNET) Key Stats
There are 257,398K outstanding shares of the company, which has a market capitalization of 898.12 million. As of now, sales total 1,044 M while income totals -372,380 K. Its latest quarter income was 274,350 K while its last quarter net income were 8,760 K.
