Check out this: 21Vianet Group Inc. (VNET) is on the verge of a huge rally

21Vianet Group Inc. (NASDAQ: VNET) is 12.16% higher on its value in year-to-date trading and has touched a low of $9.12 and a high of $40.88 in the current 52-week trading range. The VNET stock was last observed hovering at around $38.91 in the last trading session, with the day’s gains setting it 0.88% off its average median price target of $236.60 for the next 12 months. It is also 86.77% off the consensus price target high of $300.77 offered by 11 analysts, but current levels are 81.67% higher than the price target low of $217.10 for the same period.

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Currently trading at $39.79, the stock is 10.32% and 30.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.92 million and changing 2.26% at the moment leaves the stock 72.28% off its SMA200. VNET registered 276.67% gain for a year compared to 6-month gain of 73.40%. The firm has a 50-day simple moving average (SMA 50) of $33.35 and a 200-day simple moving average (SMA200) of $25.96.

The stock witnessed a 21.59% loss in the last 1 month and extending the period to 3 months gives it a 58.17%, and is -0.79% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.43% over the week and 5.20% over the month.

21Vianet Group Inc. (VNET) has around 2295 employees, a market worth around $5.06B and $699.60M in sales. Profit margin for the company is -48.20%. Distance from 52-week low is 336.29% and -2.67% from its 52-week high. The company has generated returns on investments over the last 12 months (1.70%).

21Vianet Group Inc. (VNET) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for 21Vianet Group Inc. (VNET) is a “Buy”. 11 analysts offering their recommendations for the stock have an average rating of 1.60, where 0 rate it as a Hold and 1 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

21Vianet Group Inc. is expected to release its quarterly report on 05/20/2021 and quarterly earnings per share for the current quarter are estimated at -$1.76 with sales reaching $197.71M over the same period.The EPS is expected to grow by 10.30% this year, but quarterly earnings will post 37.20% year-over-year. Quarterly sales are estimated to grow 32.00% in year-over-year returns.

21Vianet Group Inc. (VNET) Top Institutional Holders

198 institutions hold shares in 21Vianet Group Inc. (VNET), with 1.6M shares held by insiders accounting for 1.18% while institutional investors hold 77.78% of the company’s shares. The shares outstanding are 119.40M, and float is at 74.44M with Short Float at 5.41%. Institutions hold 76.86% of the Float.

The top institutional shareholder in the company is Morgan Stanley with over 6.85 million shares valued at $158.72 million. The investor’s holdings represent 8.01% of the VNET Shares outstanding. As of Sep 29, 2020, the second largest holder is FIL LTD with 5.36 million shares valued at $124.06 million to account for 6.26% of the shares outstanding. The other top investors are TT International Asset Management LTD which holds 3.74 million shares representing 4.36% and valued at over $86.52 million, while Sylebra Capital Ltd holds 3.95% of the shares totaling 3.38 million with a market value of $78.24 million.

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21Vianet Group Inc. (VNET): Who are the competitors?

The company’s main competitors (and peers) include Cardtronics plc (CATM) that is -11.34% lower over the past 12 months. Equinix Inc. (REIT) (EQIX) is 21.67% up on the 1-year trading charts. Short interest in the company’s stock has risen 36.72% from the last report on Nov 29, 2020 to stand at a total of 2.55 million short shares sold with a short interest ratio of 2.33.

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