VNET Group Inc ADR (NASDAQ: VNET) on Monday, plunged -7.64% from the previous trading day, before settling in for the closing price of $5.50. Within the past 52 weeks, VNET’s price has moved between $1.39 and $6.00.
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A company in the Technology sector has jumped its sales by 18.45% annually for the last half of the decade. The company achieved an average annual earnings per share of 117.98%. With a float of $248.28 million, this company’s outstanding shares have now reached $261.84 million.
In an organization with 3038 employees, it is important to assess its efficiency. 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 Updates
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 25.41%.
VNET Group Inc ADR (VNET) Performance Highlights and Predictions
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 117.98% per share during the next fiscal year.
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 1.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.11, a number that is poised to hit 0.02 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 5.22 million. That was better than the volume of 4.79 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 68.91%. Additionally, its Average True Range was 0.39.
During the past 100 days, VNET Group Inc ADR’s (VNET) raw stochastic average was set at 78.12%, which indicates a significant increase from 62.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 99.16% in the past 14 days, which was higher than the 97.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.03, while its 200-day Moving Average is $2.79. However, in the short run, VNET Group Inc ADR’s stock first resistance to watch stands at $5.34. Second resistance stands at $5.61. The third major resistance level sits at $5.75. If the price goes on to break the first support level at $4.94, it is likely to go to the next support level at $4.80. Assuming the price breaks the second support level, the third support level stands at $4.53.
VNET Group Inc ADR (NASDAQ: VNET) Key Stats
Market capitalization of the company is 1.33 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.
