GSX Techedu Inc. (NYSE:GSX) shares, rose in value on Thursday, Apr 08, with the stock price up by 0.45% to the previous day’s close as strong demand from buyers drove the stock to $31.1.
Actively observing the price movement in the recent trading, the stock is buoying the session at $30.96, falling within a range of $30.16 and $31.43. The value of beta (5-year monthly) is 0 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $149.05, and the low was $27.06. On the whole, GSX has fluctuated by -63.97% over the past month.
With the market capitalization of GSX Techedu Inc. currently standing at about $8.3 Billion, investors are eagerly awaiting this quarter’s results, scheduled for May 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.34, which is expected to decline to -$0.74 for fiscal year 2021 and then to about -$0.19 by fiscal year 2022. Data indicates that the EPS growth is expected to be 0.05% in 2021, while the next year’s EPS growth is forecast to be -0.76%.
Analysts have estimated the company’s revenue for the quarter at $287.36 Million, with a low estimate of $283.2 Million and a high estimate of $290.34 Million. According to the average forecast, sales growth in current quarter could fell down -77.9%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $1.83 Billion, representing an increase of 68.4% from the revenues reported in the last year’s results.
We see that GSX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Sell.
12 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 5 analyst(s), 3 recommend it as a Buy and no body called the GSX stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and 4 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
A comparison of GSX Techedu Inc. (GSX) with its peers suggests the former has fared considerably weaker in the market. GSX showed an intraday change of +0.45% in today’s session so far, and over the past year, it dropped by -7.94%. In comparison, Spotify Technology S.A. (SPOT) has moved higher at +0.68% today and is up +128.66% over the past 12 months. On the other hand, the price of Rocket Companies Inc Cl A (RKT) has fallen -0.44% today. The stock, however, is off 0% from where it was a year ago. Additionally, there is a gain of 45% for Thomson Reuters Corp (TRI) in recent trading while the stock has seen an overall depriciation of -7.94% over the past year. The PE ratio stands at 0 for GSX Techedu Inc., compared to 0 for Spotify Technology S.A., and 15.02 for Rocket Companies Inc Cl A. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.29%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
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Data on historical trading for GSX Techedu Inc. (NYSE:GSX) indicates that the trading volumes over the past 10 days have averaged 40.22 Million and over the past 3 months, they’ve averaged 10.37 Million. According to company’s latest data on outstanding shares, there are 254.64 Million shares outstanding.
Nearly 0% of GSX Techedu Inc.’s shares belong to company insiders and institutional investors own 76.33% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 41.98 Million shares as on March 14, 2021, resulting in a short ratio of 6.71. According to the data, the short interest in GSX Techedu Inc. (GSX) stood at 16.49% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 43.96 Million. The stock has fallen by -40.13% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the GSX stock heading into the next quarter.