Gaotu Techedu Inc ADR (NYSE:GOTU) price on Friday, October 25, rose 1.34% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.02.
A look at the stock’s price movement, the close in the last trading session was $2.98, moving within a range at $2.95 and $3.0399. The beta value (5-Year monthly) was -0.013. Turning to its 52-week performance, $8.44 and $2.22 were the 52-week high and 52-week low respectively. Overall, GOTU moved -18.60% over the past month.
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Gaotu Techedu Inc ADR’s market cap currently stands at around $448.47 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Aug-27.
Analysts have a consensus estimate of 170.32M for the company’s revenue for the quarter, with a low and high estimate of 168.1M and 175.36M respectively. The average forecast suggests up to a 53.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 632.41M, representing a 51.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GOTU is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend GOTU as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GOTU’s current price about -14.29% and -10.08% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.01, while 7-day volatility ratio is 5.13% and 7.69% in the 30-day chart. Further, Gaotu Techedu Inc ADR (GOTU) has a beta value of -0.01, and an average true range (ATR) of 0.26. Analysts have given the company’s stock an average 52-week price target of $2.94, forecast between a low of $2.94 and high of $2.94. Looking at the price targets, the low is 2.65% off current price level while to achieve the yearly target high, price needs to move 2.65%. Nonetheless, investors will most likely welcome a 2.65% jump to $2.94 which is the analysts’ median price.
If we refocus on Gaotu Techedu Inc ADR (NYSE:GOTU), historical trading data shows that trading volumes averaged 2.19 over the past 10 days and 2.75 million over the past 3 months. The company’s latest data on shares outstanding shows there are 148.50 million shares.
The 0.06% of Gaotu Techedu Inc ADR’s shares are in the hands of company insiders while institutional holders own 38.26% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.66 million on 2024-09-30, giving us a short ratio of 3.14. The data shows that as of 2024-09-30 short interest in Gaotu Techedu Inc ADR (GOTU) stood at 700.0000000000001 of shares outstanding, with shares short falling to 10.09 million registered in 2024-08-30. Current price change has pushed the stock -16.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GOTU stock continues to rise going into the next quarter.
