The trading price of QuantaSing Group Ltd ADR (NASDAQ:QSG) closed lower on Tuesday, June 17, and closing at $13.08, -0.46% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 11.68. In examining the 52-week price action we see that the stock hit a 52-week high of $13.20 and a 52-week low of $1.38. Over the past month, the stock has gained 78.20% in value.
QuantaSing Group Ltd ADR, whose market valuation is $452.44 million at the time of this writing, is expected to release its quarterly earnings report in July. 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.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.19, which symbolizes a positive outlook. A quick review shows that QSG’s price is currently 64.14% off the SMA20 and 99.07% off the SMA50. The RSI metric on the 14-day chart is currently showing 76.58, and weekly volatility stands at 11.00%. When measured over the past 30 days, the indicator reaches 11.65%. QuantaSing Group Ltd ADR (NASDAQ:QSG)’s beta value is currently sitting at -1.23, while the Average True Range indicator is currently displaying 1.25. With analysts defining $9.52-$9.52 as the low and high price targets, we arrive at a consensus price target of $9.52 for the trailing 12-month period. The current price is about 27.22% off the estimated low and 27.22% off the forecast high, based on this estimate. Investors will be thrilled if QSG’s share price rises to $9.52, which is the median consensus price. At that level, QSG’s share price would be 27.22% above current price.
To see how QuantaSing Group Ltd ADR stock has been performing in comparison to its peers in the industry, here are the numbers: QSG stock’s performance was -0.46% in the latest trading, and 748.31% in the past year. QuantaSing Group Ltd ADR has a P/E ratio of 11.68.
An evaluation of the daily trading volume of QuantaSing Group Ltd ADR (NASDAQ:QSG) indicates that the 3-month average is 1.31 million.
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 1.01%. However, since the stock’s price has seen 505.56% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
