The trading price of VNET Group Inc ADR (NASDAQ:VNET) closed higher on Tuesday, May 27, and closing at $6.04, 0.92% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 74.57. In examining the 52-week price action we see that the stock hit a 52-week high of $16.13 and a 52-week low of $1.71. Over the past month, the stock has gained 12.27% in value.
VNET Group Inc ADR, whose market valuation is $1.59 billion at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.09 per share this quarter, however they have predicted annual earnings per share of 0.8 for current year and 0.95 for next year.
Analysts have forecast the company to bring in revenue of 2.22B for the current quarter, with the likely lows of 2.21B and highs of 2.23B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 9.31B.
On the technical side, indicators suggest VNET has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently Hold.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned VNET a recommendation rating is 4. Out of them, 1 rate it a Hold, while 3 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged VNET Group Inc ADR (VNET) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.79, which symbolizes a positive outlook. A quick review shows that VNET’s price is currently -4.65% off the SMA20 and -10.96% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.97, and weekly volatility stands at 4.61%. When measured over the past 30 days, the indicator reaches 7.38%. VNET Group Inc ADR (NASDAQ:VNET)’s beta value is currently sitting at 0.13, while the Average True Range indicator is currently displaying 0.56. With analysts defining $7-$7 as the low and high price targets, we arrive at a consensus price target of $7 for the trailing 12-month period. The current price is about -15.89% off the estimated low and -15.89% off the forecast high, based on this estimate. Investors will be thrilled if VNET’s share price rises to $7, which is the median consensus price. At that level, VNET’s share price would be -15.89% below current price.
To see how VNET Group Inc ADR stock has been performing in comparison to its peers in the industry, here are the numbers: VNET stock’s performance was 0.92% in the latest trading, and 216.23% in the past year. VNET Group Inc ADR has a P/E ratio of 74.57.
An evaluation of the daily trading volume of VNET Group Inc ADR (NASDAQ:VNET) indicates that the 3-month average is 9.34 million.
Currently, records show that 268.52 million of the company’s shares remain outstanding. The insiders hold 3.97% of outstanding shares, whereas institutions hold 46.56%. However, since the stock’s price has seen 27.43% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
