VNET Group Inc ADR (NASDAQ: VNET) on Monday, soared 9.02% from the previous trading day, before settling in for the closing price of $3.88. Within the past 52 weeks, VNET’s price has moved between $1.39 and $4.50.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 16.10%. The company achieved an average annual earnings per share of 114.31%. With a float of $244.71 million, this company’s outstanding shares have now reached $258.08 million.
Considering the fact that the conglomerate employs 3038 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 20.45%, operating margin of -22.49%, and the pretax margin is -25.02%.
VNET Group Inc ADR (VNET) Insider Activity
Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of VNET Group Inc ADR is 5.18%, while institutional ownership is 25.79%.
VNET Group Inc ADR (VNET) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -1.78 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.02) by -1.76. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 114.31% 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
VNET Group Inc ADR (VNET) is currently performing well based on its current performance indicators. A quick ratio of 0.83 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 0.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.11, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach 0.04 in one year’s time.
Technical Analysis of VNET Group Inc ADR (VNET)
Compared to the last year’s volume of 1.58 million, its volume of 2.07 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 61.58%. Additionally, its Average True Range was 0.32.
During the past 100 days, VNET Group Inc ADR’s (VNET) raw stochastic average was set at 90.32%, which indicates a significant increase from 85.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 101.61% in the past 14 days, which was higher than the 96.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.69, while its 200-day Moving Average is $2.43. Nevertheless, the first resistance level for the watch stands at $4.35 in the near term. At $4.47, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.69. If the price goes on to break the first support level at $4.01, it is likely to go to the next support level at $3.79. Should the price break the second support level, the third support level stands at $3.67.
VNET Group Inc ADR (NASDAQ: VNET) Key Stats
Market capitalization of the company is 1.09 billion based on 257,398K outstanding shares. Right now, sales total 1,044 M and income totals -372,380 K. The company made 302,210 K in profit during its latest quarter, and 45,260 K in sales during its previous quarter.
