Gaotu Techedu Inc ADR [NYSE: GOTU] stock went on a downward path that fall over -5.33% on Monday, amounting to a one-week price increase of more than 0.95%. The company report on November 22, 2023 at 4:04 AM that Gaotu Techedu Announces Third Quarter of 2023 Unaudited Financial Results and the Upsizing of Share Repurchase Program.
Gaotu Techedu Inc. (NYSE: GOTU) (“Gaotu” or the “Company”), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.
Over the last 12 months, GOTU stock dropped by -14.67%. The one-year Gaotu Techedu Inc ADR stock forecast points to a potential upside of 18.16. The average equity rating for GOTU stock is currently 2.17, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $486.72 million, with 152.10 million shares outstanding and 152.01 million shares in the current float. Compared to the average trading volume of 5.16M shares, GOTU stock reached a trading volume of 4448038 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Gaotu Techedu Inc ADR [GOTU]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GOTU shares is $3.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GOTU stock is a recommendation set at 2.17. 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.
Citigroup have made an estimate for Gaotu Techedu Inc ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 03, 2024.
The Average True Range (ATR) for Gaotu Techedu Inc ADR is set at 0.29, with the Price to Sales ratio for GOTU stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 1.86, with the Price to Cash per share for the same quarter was set at 2.22.
GOTU Stock Performance Analysis:
Gaotu Techedu Inc ADR [GOTU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.95. With this latest performance, GOTU shares dropped by -9.86% in over the last four-week period, additionally sinking by -27.60% over the last 6 months – not to mention a drop of -14.67% 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 GOTU stock in for the last two-week period is set at 45.48, with the RSI for the last a single of trading hit 41.61, and the three-weeks RSI is set at 47.94 for Gaotu Techedu Inc ADR [GOTU]. The present Moving Average for the last 50 days of trading for this stock 3.25, while it was recorded at 3.37 for the last single week of trading, and 3.04 for the last 200 days.
Insight into Gaotu Techedu Inc ADR Fundamentals:
Gaotu Techedu Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.36 and a Current Ratio set at 2.38.
GOTU Stock EPS
With the latest financial reports released by the company, Gaotu Techedu Inc ADR posted -0.8/share EPS, while the average EPS was predicted by analysts to be reported at -0.37/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -116.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GOTU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gaotu Techedu Inc ADR go to 16.03%.
Gaotu Techedu Inc ADR [GOTU] Institutonal Ownership Details
The top three institutional holders of GOTU stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in GOTU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in GOTU stock with ownership which is approximately 5.8325%.
