VNET Group Inc ADR (NASDAQ: VNET) is 37.98% 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 $3.60 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $3.96, the stock is 30.78% and 66.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.43 million and changing 10.00% at the moment leaves the stock 88.58% off its SMA200. VNET registered 34.69% gain for a year compared to 6-month gain of 155.48%. The firm has a 50-day simple moving average (SMA 50) of $2.4164 and a 200-day simple moving average (SMA200) of $2.10525.
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The stock witnessed a 67.80% loss in the last 1 month and extending the period to 3 months gives it a 89.02%, and is 15.79% 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 8.50% over the week and 8.20% over the month.
VNET Group Inc ADR (VNET) has around 3038 employees, a market worth around $1.02B and $1.06B in sales. Fwd P/E is 109.54. Profit margin for the company is -34.09%. Distance from 52-week low is 184.89% and 2.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.71%).
with sales reaching $287.28M over the same period.The EPS is expected to grow by 91.19% this year, but quarterly earnings will post 8.90% year-over-year. Quarterly sales are estimated to grow 8.60% in year-over-year returns.
VNET Group Inc ADR (VNET) Top Institutional Holders
The shares outstanding are 252.27M, and float is at 244.71M with Short Float at 2.99%.
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.
VNET Group Inc ADR (VNET) Insider Activity
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