QuantaSing Group Ltd ADR (NASDAQ:QSG) price on Thursday, June 12, fall -4.56% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.51.
A look at the stock’s price movement, the close in the last trading session was $12.06. The PE ratio in trailing twelve months stood at 10.28. Turning to its 52-week performance, $12.39 and $1.38 were the 52-week high and 52-week low respectively. Overall, QSG moved 62.57% over the past month.
QuantaSing Group Ltd ADR’s market cap currently stands at around $398.13 million, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 0.00, with its dividend yield at 0.00%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that QSG is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 0.97, with QSG’s current price about 59.29% and 87.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 75.74, while 7-day volatility ratio is 16.51% and 10.94% in the 30-day chart. Further, QuantaSing Group Ltd ADR (QSG) has a beta value of -1.30, and an average true range (ATR) of 1.10. Analysts have given the company’s stock an average 52-week price target of $9.52, forecast between a low of $9.52 and high of $9.52. Looking at the price targets, the low is 17.29% off current price level while to achieve the yearly target high, price needs to move 17.29%. Nonetheless, investors will most likely welcome a 17.29% jump to $9.52 which is the analysts’ median price.
If we refocus on QuantaSing Group Ltd ADR (NASDAQ:QSG), historical trading data shows that trading volumes averaged 1.20 million over the past 3 months. The company’s latest data on shares outstanding shows there are 34.59 million shares.
The 10.55% of QuantaSing Group Ltd ADR’s shares are in the hands of company insiders while institutional holders own 1.01% of the company’s shares. Current price change has pushed the stock 432.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the QSG stock continues to rise going into the next quarter.
