GSX Techedu Inc. (NYSE:GSX) traded at $29.71 at close of the session on Tuesday, May 04, made a downturn move of -7.01% on its previous day’s price.
Looking at the stock we see that its previous close was $31.95 and the beta (5Y monthly) reads 0 with the day’s price range being $29.55 – 31.91. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, GSX has a high of $149.05 and a low of $23.09. The company’s stock has gained about -7.68% over that past 30 days.
GSX Techedu Inc. has a market cap of $7.84 Billion and is expected to release its quarterly earnings report on March 05, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the GSX stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.34, with the EPS growth for the year declined at -$0.78 for 2021 and -$0.2 for next year. These figures represent 0.05% and -0.74% 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 $290.25 Million, with a low of $286.04 Million and a high of $293.25 Million. The median projection represents growth adding up to -77.6% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $1.82 Billion, or +65.8% up from figures reported last year.
On the other hand, looking at the outlook for the GSX stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the GSX Techedu Inc. (GSX) stock as a Hold, while 5 rate it as a Buy. None analyst(s) rate it as outperform while none of them rated it as underperform, whereas 3 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Let’s briefly compare GSX Techedu Inc. (GSX) stock to its peers. We find that current price change of -7.01% and -20.18% over the past 12 months for GSX competes that of Thomson Reuters Corp (TRI), which has seen its stock price rise 0.85% in the last trading session and was +35.35% over the last one year. Another of its peers Spotify Technology S.A. (SPOT) has dropped -1.76% previous session, and was +71.01% up over the past year, while Iqvia Holdings Inc (IQV) was also down -7.01% in the last session, while its price remained in the red at -20.18% over the same period. GSX Techedu Inc. has a P/E ratio of 0 compared to Thomson Reuters Corp’s 40.63 and Spotify Technology S.A.’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.27% and 0.7%, respectively, at close of the trading.
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Coming back to GSX Techedu Inc. (NYSE:GSX), we note that the average 3-month trading volume was 10.37 Million, while that of the preceding 10-day period stands at 40.22 Million. Current shares outstanding are 255.59 Million.
According to data from Thomson Reuters, insiders hold 0% of the company’s shares while institutions hold 74.16%. The data shows that short shares as of April 14, 2021, stood at 23.49 Million at a short ratio of 1.3. This represents a 9.19% short interest in shares outstanding on April 14, 2021. Shares short dropped in April from the previous month at 41.98 Million. Investors should be worried about this stock as its upside potential is weak, with current price pushing the stock -42.54% down in year-to-date price movement.