VNET Group Inc. [VNET] Is Currently -10.82 below its 200 Period Moving Avg: What Does This Mean?


VNET Group Inc. [NASDAQ: VNET] plunged by -$0.57 during the normal trading session on Thursday and reaching a high of $5.30 during the day while it closed the day at $4.70. The company report on May 24, 2022 that VNET Reports First Quarter 2022 Unaudited Financial Results.

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VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced its unaudited financial results for the three months ended March 31, 2022.

VNET Group Inc. stock has also loss -16.22% of its value over the past 7 days. However, VNET stock has declined by -30.78% in the 3 months of the year. Over the past six months meanwhile, it has lost -48.86% and lost -47.95% year-on date.

The market cap for VNET stock reached $707.02 million, with 147.63 million shares outstanding and 77.92 million shares in the current float. Compared to the average trading volume of 1.75M shares, VNET reached a trading volume of 2782966 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about VNET Group Inc. [VNET]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VNET shares is $11.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VNET stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for VNET Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 25, 2022. The new note on the price target was released on November 22, 2021, representing the official price target for VNET Group Inc. stock. Previously, the target price had yet another drop from $32.80 to $11.50, while Goldman kept a Sell rating on VNET stock.

The Average True Range (ATR) for VNET Group Inc. is set at 0.41, with the Price to Sales ratio for VNET stock in the period of the last 12 months amounting to 0.73. The Price to Book ratio for the last quarter was 0.63. Price to Free Cash Flow for VNET in the course of the last twelve months was 4.04 with Quick ratio for the last quarter at 1.40.

VNET stock trade performance evaluation

VNET Group Inc. [VNET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.22. With this latest performance, VNET shares dropped by -12.15% in over the last four-week period, additionally sinking by -48.86% over the last 6 months – not to mention a drop of -75.84% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VNET stock in for the last two-week period is set at 33.77, with the RSI for the last a single of trading hit 25.19, and the three-weeks RSI is set at 38.75 for VNET Group Inc. [VNET]. The present Moving Average for the last 50 days of trading for this stock 5.76, while it was recorded at 5.24 for the last single week of trading, and 9.07 for the last 200 days.

VNET Group Inc. [VNET]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and VNET Group Inc. [VNET] shares currently have an operating margin of +2.11 and a Gross Margin at +22.31. VNET Group Inc.’s Net Margin is presently recorded at +8.08.

Return on Equity for this stock inclined to 7.25, with Return on Assets sitting at 2.35.

VNET Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.

VNET Group Inc. [VNET]: Insider Ownership positions

There are presently around $511 million, or 77.50% of VNET stock, in the hands of institutional investors. The top three institutional holders of VNET stocks are: FIL LTD with ownership of 13,725,205, which is approximately 131.099% of the company’s market cap and around 17.30% of the total institutional ownership; TT INTERNATIONAL, holding 13,376,115 shares of the stock with an approximate value of $70.49 million in VNET stocks shares; and BLACKSTONE INC., currently with $54.82 million in VNET stock with ownership of nearly 0% of the company’s market capitalization.

Positions in VNET Group Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 55 institutional holders increased their position in VNET Group Inc. [NASDAQ:VNET] by around 25,201,007 shares. Additionally, 92 investors decreased positions by around 23,025,913 shares, while 11 investors held positions by with 48,756,927 shares. The mentioned changes placed institutional holdings at 96,983,847 shares, according to the latest SEC report filing. VNET stock had 20 new institutional investments in for a total of 6,301,137 shares, while 49 institutional investors sold positions of 7,755,432 shares during the same period.