A new trading day began on Friday, with VNET Group Inc ADR (NASDAQ: VNET) stock price up 12.02% from the previous day of trading, before settling in for the closing price of $10.40. VNET’s price has ranged from $1.42 to $16.13 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 16.70% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 84.23%. With a float of $248.47 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 and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Information Technology Services Industry. The insider ownership of VNET Group Inc ADR is 5.11%, while institutional ownership is 31.74%.
VNET Group Inc ADR (VNET) Latest Financial update
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 84.23% per share during the next fiscal year.
VNET Group Inc ADR (NASDAQ: VNET) Trading Performance Indicators
Here are VNET Group Inc ADR’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.83. 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 0.08, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach -0.01 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 14.39 million. That was better than the volume of 9.97 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 45.80%. Additionally, its Average True Range was 1.38.
During the past 100 days, VNET Group Inc ADR’s (VNET) raw stochastic average was set at 65.22%, which indicates a significant increase from 51.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 127.83% in the past 14 days, which was higher than the 103.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.07, while its 200-day Moving Average is $4.48. However, in the short run, VNET Group Inc ADR’s stock first resistance to watch stands at $11.91. Second resistance stands at $12.18. The third major resistance level sits at $12.60. If the price goes on to break the first support level at $11.22, it is likely to go to the next support level at $10.80. The third support level lies at $10.53 if the price breaches the second support level.
VNET Group Inc ADR (NASDAQ: VNET) Key Stats
With a market capitalization of 3.05 billion, the company has a total of 257,398K Shares Outstanding. Currently, annual sales are 1,044 M while annual income is -372,380 K. The company’s previous quarter sales were 302,210 K while its latest quarter income was 45,260 K.
