GDS Holdings Limited (NASDAQ:GDS) traded at $75.5 at last check on Monday, Sep 14, making an upward move of 6.19% on its previous day’s price.
Looking at the stock we see that its previous close was $71.1 and the beta (5Y monthly) reads 1.35 with the day’s price range being $72.28 – 75.62. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, GDS has a high of $91.97 and a low of $38.04. The company’s stock has gained about -7% over that past 30 days.
GDS has a market cap of $12.29 Billion and is expected to release its quarterly earnings report on August 18, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the GDS stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.06, with the EPS growth for the year raised at -$0.35 for 2020 and -$0.05 for next year. These figures represent -0.31% and at -0.86% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $217.24 Million, with a low of $209.01 Million and a high of $220.02 Million. The median projection represents growth adding up to 42.6% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $830.02 Million, or +40.9% up from figures reported last year.
On the other hand, looking at the outlook for the GDS stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Let’s briefly compare GDS (GDS) stock to its peers. We find that today’s price change of +6.19% and +74.49% over the past 12 months for GDS competes that of Spotify Technology S.A. (SPOT), which has seen its stock price fall -1.26% in the latest trading session and is +82.62% over the last one year. Another of its peers Thomson Reuters Corp (TRI) has climbed 1.45% today, and is +15.97% up over the past year, while Docusign Inc (DOCU) is also up 6.19% yet its price remains in the green at 74.49% over the same period. Spotify has a P/E ratio of 0 compared to GDs 0 and Thomson’s 103.91. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.27% and 1.18%, respectively, in early deals.
Coming back to GDS Holdings Limited (NASDAQ:GDS), we note that the average 3-month trading volume was 1.3 Million, while that of the preceding 10-day period stands at 1.44 Million. Current shares outstanding are 159.82 Million.
According to data from Thomson Reuters, insiders hold 4.75% of the company’s shares while institutions hold 67.57%. The data shows that short shares as of August 30, 2020, stood at 12.77 Million at a short ratio of 13.4. This represents a 7.94% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 12.88 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +46.37% up in year-to-date price movement.