VNET Group Inc. (NASDAQ: VNET) is -55.20% lower on its value in year-to-date trading and has touched a low of $2.61 and a high of $6.83 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VNET stock was last observed hovering at around $2.69 in the last trading session, with the day’s loss setting it -0.15% off its average median price target of $35.34 for the next 12 months. It is also 95.62% off the consensus price target high of $57.96 offered by 10 analysts, but current levels are 89.47% higher than the price target low of $24.12 for the same period.
Currently trading at $2.54, the stock is -13.08% and -18.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing -5.58% at the moment leaves the stock -46.19% off its SMA200. VNET registered -45.02% loss for a year compared to 6-month loss of -49.90%. The firm has a 50-day simple moving average (SMA 50) of $0.32 and a 200-day simple moving average (SMA200) of $1.83.
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The stock witnessed a -11.19% gain in the last 1 month and extending the period to 3 months gives it a -38.50%, and is -6.96% 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 5.93% over the week and 5.48% over the month.
VNET Group Inc. (VNET) has around 3293 employees, a market worth around $383.31M and $1.00B in sales. Profit margin for the company is -11.00%. Distance from 52-week low is -2.50% and -62.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.10%).
VNET Group Inc. (VNET) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for VNET Group Inc. (VNET) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 2.40, where 4 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
VNET Group Inc. is expected to release its quarterly report on 08/22/2023.The EPS is expected to shrink by -261.40% this year
VNET Group Inc. (VNET) Top Institutional Holders
The shares outstanding are 147.77M, and float is at 124.27M with Short Float at 4.65%.
VNET Group Inc. (VNET): Who are the competitors?
The company’s main competitors (and peers) include Equinix Inc. (EQIX) that is trading 5.28% up over the past 12 months and Baidu Inc. (BIDU) that is 2.54% higher over the same period.