The trading price of GSX Techedu Inc. (NYSE:GSX) closed lower on Tuesday, Jan 12, closing at $48.23, -4.19% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $45.78 and $48.79. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $141.78 and a 52-week low of $26.77. Over the past month, the stock has suffered -28.79% in value.
GSX Techedu Inc., whose market valuation is $10.55 Billion at the time of this writing, is expected to release its quarterly earnings report in Feb 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.38 per share this quarter, however they have predicted annual earnings per share of -$0.73 for 2021 and -$0.47 for 2022. It means analysts are expecting annual earnings per share growth of -5.29% this year and -0.36% next year.
Analysts have forecast the company to bring in revenue of $328.26 Million for the quarter, with the likely lows of $320.99 Million and highs of $340.02 Million. The average estimate suggests sales will likely up by 148% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $1.08 Billion. The company’s revenue is forecast to grow by +258.5% over what it did in 2020.
On the technical side, indicators suggest GSX has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned GSX a recommendation rating is 15. Out of them, 9 rate it a Hold, while 2 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged GSX Techedu Inc. (GSX) as Underperform, while 4 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
To see how GSX Techedu Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: GSX stock’s performance was -4.19% in the latest trading, and +67.12% in the past year, while Spotify Technology S.A. (SPOT) has traded +0.85% on the day and positioned +130.01% higher than it was a year ago. Another comparable company Docusign Inc (DOCU) saw its stock close 9% higher in the most recent trading session but was up +254.21% in a year. Furthermore, Thomson Reuters Corp (TRI) showed a decline of -4.19% on the day while its price kept rising at 67.12% over the past year. GSX Techedu Inc. has a P/E ratio of 0, compared to Spotify Technology S.A.’s 0 and Docusign Inc’s 0. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of GSX Techedu Inc. (NYSE:GSX) indicates that the 3-month average is 4.1 Million. However, this figure has declined over the past 10 days to an average of 2.94 Million.
Currently, records show that 238.44 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 64.39%. The stats also highlight that short interest as of December 14, 2020, stood at 42.69 Million shares, resulting in a short ratio of 9.19 at that time. From this, we can conclude that short interest is 17.9% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 34.82 Million. However, since the stock’s price has seen -10.64% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.
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