VNET Group Inc ADR (NASDAQ: VNET) is 1.27% higher on its value in year-to-date trading and has touched a low of $1.42 and a high of $16.13 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 $5.02 in the last trading session, with the day’s loss setting it -0.22%.
Currently trading at $4.80, the stock is -29.58% and -50.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.34 million and changing -4.38% at the moment leaves the stock -6.57% off its SMA200. VNET registered 226.53% gain for a year compared to 6-month gain of 30.79%. The firm has a 50-day simple moving average (SMA 50) of $9.616 and a 200-day simple moving average (SMA200) of $5.1378.
The stock witnessed a -45.82% loss in the last 1 month and extending the period to 3 months gives it a -14.29%, and is -13.36% 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 10.71% over the week and 11.10% over the month.
Current P/E ratio is 59.63 and Fwd P/E is 226.42. Profit margin for the company is 2.23%. Distance from 52-week low is 238.03% and -70.24% from its 52-week high. The company has generated returns on investments over the last 12 months (0.87%).
with sales reaching $2.22B over the same period.The EPS is expected to grow by 71.00% this year, but quarterly earnings will post 12.70% year-over-year. Quarterly sales are estimated to grow 17.07% in year-over-year returns.
VNET Group Inc ADR (VNET) Top Institutional Holders
153.0 institutions hold shares in VNET Group Inc ADR (VNET), with institutional investors hold 43.71% of the company’s shares. The shares outstanding are 262.00M, and float is at 248.62M with Short Float at 10.51%. Institutions hold 40.72% of the Float.
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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