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

VNET Group Inc ADR (NASDAQ: VNET) is 16.03% higher on its value in year-to-date trading and has touched a low of $1.39 and a high of $6.00 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 $5.76 in the last trading session, with the day’s loss setting it -0.26%.

Currently trading at $5.50, the stock is 24.70% and 37.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.21 million and changing -4.51% at the moment leaves the stock 98.30% off its SMA200. VNET registered 120.88% gain for a year compared to 6-month gain of 138.10%. The firm has a 50-day simple moving average (SMA 50) of $3.9978 and a 200-day simple moving average (SMA200) of $2.7737.

The stock witnessed a 30.02% loss in the last 1 month and extending the period to 3 months gives it a 37.84%, and is 8.70% 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 7.32% over the week and 8.29% over the month.

VNET Group Inc ADR (VNET) has around 3038 employees, a market worth around $1.44B and $1.10B in sales. Fwd P/E is 290.24. Profit margin for the company is -28.31%. Distance from 52-week low is 295.68% and -8.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.92%).

The EPS is expected to grow by 118.07% this year.

VNET Group Inc ADR (VNET) Top Institutional Holders

The shares outstanding are 261.84M, and float is at 248.28M with Short Float at 3.64%.

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.