21Vianet Group Inc. (NASDAQ: VNET) is 8.85% higher on its value in year-to-date trading and has touched a low of $9.34 and a high of $44.45 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VNET stock was last observed hovering at around $39.81 in the last trading session, with the day’s loss setting it -2.05% off its average median price target of $284.90 for the next 12 months. It is also 89.57% off the consensus price target high of $362.15 offered by 11 analysts, but current levels are 82.61% higher than the price target low of $217.10 for the same period.
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Currently trading at $37.76, the stock is -6.15% and 3.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.16 million and changing -5.15% at the moment leaves the stock 47.45% off its SMA200. VNET registered 157.40% gain for a year compared to 6-month gain of 63.60%. The firm has a 50-day simple moving average (SMA 50) of $39.18 and a 200-day simple moving average (SMA200) of $28.31.
The stock witnessed a -2.96% loss in the last 1 month and extending the period to 3 months gives it a 66.05%, and is -9.23% 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 5.04% over the week and 6.17% over the month.
21Vianet Group Inc. (VNET) has around 2295 employees, a market worth around $5.10B and $698.10M in sales. Profit margin for the company is -48.20%. Distance from 52-week low is 304.28% and -15.05% 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 1.50, 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 $197.98M over the same period.The EPS is expected to grow by 10.30% this year, but quarterly earnings will post 37.40% year-over-year. Quarterly sales are estimated to grow 32.20% 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 79.02M with Short Float at 7.30%. 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 6.49% of the VNET Shares outstanding. As of Dec 30, 2020, the second largest holder is FIL LTD with 4.86 million shares valued at $168.44 million to account for 4.60% of the shares outstanding. The other top investors are TT International Asset Management LTD which holds 3.74 million shares representing 3.54% and valued at over $86.52 million, while Sylebra Capital Ltd holds 3.20% of the shares totaling 3.38 million with a market value of $78.24 million.
21Vianet Group Inc. (VNET): Who are the competitors?
The company’s main competitors (and peers) include Cardtronics plc (CATM) that is trading 0.62% up over the past 12 months. Baidu Inc. (BIDU) is 158.70% up on the 1-year trading charts. Short interest in the company’s stock has risen 30.16% from the last report on Dec 30, 2020 to stand at a total of 4.03 million short shares sold with a short interest ratio of 2.2.