The trading price of QuantaSing Group Ltd ADR (NASDAQ:QSG) floating higher at last check on current market day and closing at $7.17, 14.07% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 6.81. In examining the 52-week price action we see that the stock hit a 52-week high of $8.04 and a 52-week low of $1.38. Over the past month, the stock has gained 42.36% in value.
QuantaSing Group Ltd ADR, whose market valuation is $248.18 million at the time of this writing, is expected to release its quarterly earnings report in June. The dividend yield on the company stock is 0.00%, while its Forward Dividend ratio is 0.00. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest QSG has a 100% Buy 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% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that QSG’s price is currently 5.42% off the SMA20 and 39.01% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.39, and weekly volatility stands at 3.50%. When measured over the past 30 days, the indicator reaches 5.37%. QuantaSing Group Ltd ADR (NASDAQ:QSG)’s beta value is currently sitting at -1.44, while the Average True Range indicator is currently displaying 0.67. With analysts defining $1.72-$1.72 as the low and high price targets, we arrive at a consensus price target of $1.72 for the trailing 12-month period. The current price is about 76.01% off the estimated low and 76.01% off the forecast high, based on this estimate. Investors will be thrilled if QSG’s share price rises to $1.72, which is the median consensus price. At that level, QSG’s share price would be 76.01% above current price.
To see how QuantaSing Group Ltd ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: QSG stock’s performance was 14.07% at last check in today’s session, and 239.17% in the past year. QuantaSing Group Ltd ADR has a P/E ratio of 6.81.
An evaluation of the daily trading volume of QuantaSing Group Ltd ADR (NASDAQ:QSG) indicates that the 3-month average is 926.69K.
Currently, records show that 34.59 million of the company’s shares remain outstanding. The insiders hold 10.55% of outstanding shares, whereas institutions hold 0.90%. However, since the stock’s price has seen 232.17% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
