Positives for Gaotu Techedu Inc ADR (GOTU) as stock gains in recent trading

Gaotu Techedu Inc ADR (NYSE: GOTU) is 8.29% higher on its value in year-to-date trading and has touched a low of $2.22 and a high of $8.44 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 GOTU stock was last observed hovering at around $3.70 in the last trading session, with the day’s gains setting it 0.22%.

Currently trading at $3.92, the stock is 33.13% and 3.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.87 million and changing 5.95% at the moment leaves the stock -23.57% off its SMA200. GOTU registered 47.92% gain for a year compared to 6-month loss of -44.71%. The firm has a 50-day simple moving average (SMA 50) of $3.786 and a 200-day simple moving average (SMA200) of $5.1311.

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The stock witnessed a 23.27% gain in the last 1 month and extending the period to 3 months gives it a -20.33%, and is 40.50% 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 10.70% over the week and 6.42% over the month.

Gaotu Techedu Inc ADR (GOTU) has around 7767 employees, a market worth around $582.12M and $485.37M in sales. Profit margin for the company is -17.62%. Distance from 52-week low is 76.58% and -53.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.85%).

with sales reaching $172.96M over the same period.The EPS is expected to shrink by -11275.80% this year, but quarterly earnings will post 54.00% year-over-year. Quarterly sales are estimated to grow 56.30% in year-over-year returns.

Gaotu Techedu Inc ADR (GOTU) Top Institutional Holders

The shares outstanding are 148.50M, and float is at 148.41M with Short Float at 6.05%.

The top institutional shareholder in the company is GOLDMAN SACHS GROUP INC with over 7.73 million shares valued at $37.85 million. The investor’s holdings represent 2.9885% of the GOTU Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 7.41 million shares valued at $36.29 million to account for 2.8648 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.52 million shares representing 2.1372% and valued at over $27.07 million, while TIGER PACIFIC CAPITAL LP holds 2.0821 of the shares totaling 5.38 million with a market value of $26.37 million.