Is VNET Group Inc ADR (VNET) a good stock to buy now?

VNET Group Inc ADR (NASDAQ: VNET) is 19.16% higher on its value in year-to-date trading and has touched a low of $1.39 and a high of $3.87 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 $3.21 in the last trading session, with the day’s gains setting it 0.21%.

Currently trading at $3.42, the stock is 28.45% and 52.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.34 million and changing 6.54% at the moment leaves the stock 64.14% off its SMA200. VNET registered 6.21% gain for a year compared to 6-month gain of 80.00%.

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The stock witnessed a 80.00% gain in the last 1 month and extending the period to 3 months gives it a 66.83%, and is 19.16% up 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 7.95% over the week and 8.24% over the month.

VNET Group Inc ADR (VNET) has around 3038 employees, a market worth around $882.63M and $1.06B in sales. Fwd P/E is 94.61. Profit margin for the company is -34.09%. Distance from 52-week low is 146.04% and -11.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.71%).

The EPS is expected to grow by 91.14% this year.

VNET Group Inc ADR (VNET) Top Institutional Holders

The shares outstanding are 252.27M, and float is at 244.71M with Short Float at 3.29%.

The top institutional shareholder in the company is FIL LTD with over 16.05 million shares valued at $33.62 million. The investor’s holdings represent 6.1404% of the VNET Shares outstanding. As of 2024-06-30, the second largest holder is BLACKSTONE INC. with 10.4 million shares valued at $21.84 million to account for 3.9796 of the shares outstanding. The other top investors are ARES MANAGEMENT LLC which holds 5.6 million shares representing 2.1443% and valued at over $11.74 million, while MY.ALPHA MANAGEMENT HK ADVISORS LTD holds 2.0835 of the shares totaling 5.45 million with a market value of $11.41 million.