Gaotu Techedu Inc ADR (NYSE:GOTU) shares, rose in value, with the stock price up by 2.61% to the previous day’s close as strong demand from buyers drove the stock to $3.14.
Actively observing the price movement in the last trading, the stock closed the session at $3.06, falling within a range of $2.985 and $3.2. The value of beta (5-year monthly) was -0.013. Referring to stock’s 52-week performance, its high was $8.44, and the low was $2.22. On the whole, GOTU has fluctuated by -20.30% over the past month.
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With the market capitalization of Gaotu Techedu Inc ADR currently standing at about $466.29 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-27.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 631.4M, with a low estimate of 167.83M and a high estimate of 175.08M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 170.05M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GOTU’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of GOTU currently trading nearly -7.61% and -4.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.96, while the 7-day volatility ratio is showing 5.55% which for the 30-day chart, stands at 6.75%. Furthermore, Gaotu Techedu Inc ADR (GOTU)’s beta value is -0.02, and its average true range (ATR) is 0.25.
A comparison of Gaotu Techedu Inc ADR (GOTU) with its peers suggests the former has fared considerably weaker in the market. GOTU showed an intraday change of 2.61% in last session, and over the past year, it grew by 33.62%%.
Data on historical trading for Gaotu Techedu Inc ADR (NYSE:GOTU) indicates that the trading volumes over the past 10 days have averaged 1.94 and over the past 3 months, they’ve averaged 2.78 million. According to company’s latest data on outstanding shares, there are 148.50 million shares outstanding.
Nearly 0.06% of Gaotu Techedu Inc ADR’s shares belong to company insiders and institutional investors own 38.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.57 million shares as on 2024-10-15, resulting in a short ratio of 2.44. According to the data, the short interest in Gaotu Techedu Inc ADR (GOTU) stood at 694.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 8.98 million. The stock has fallen by -13.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GOTU stock heading into the next quarter.
