For Gaotu Techedu Inc ADR [GOTU], Analyst sees a rise to $4.50. What next?

Gaotu Techedu Inc ADR [NYSE: GOTU] traded at a high on Monday, posting a 8.00 gain after which it closed the day’ session at $5.94. The company report on February 5, 2024 at 1:00 AM that Gaotu Techedu to Report Fourth Quarter and Fiscal Year 2023 Financial Results on February 27, 2024.

Gaotu Techedu Inc. (“Gaotu” or the “Company”) (NYSE: GOTU), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its financial results for the fourth quarter and fiscal year 2023 ended December 31, 2023, before U.S. markets open on Tuesday, February 27, 2024.

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Gaotu’s management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, February 27, 2024 (9:00 PM on the same day, Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows:.

The results of the trading session contributed to over 17445304 shares changing hands. Over the past one week, the price volatility of Gaotu Techedu Inc ADR stands at 7.58% while the volatility over the past one month is 9.19%.

The market cap for GOTU stock reached $903.47 million, with 152.10 million shares outstanding and 152.01 million shares in the current float. Compared to the average trading volume of 7.18M shares, GOTU reached a trading volume of 17445304 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on November 24, 2023, representing the official price target for Gaotu Techedu Inc ADR stock.

The Average True Range (ATR) for Gaotu Techedu Inc ADR is set at 0.41, with the Price to Sales ratio for GOTU stock in the period of the last 12 months amounting to 2.25. The Price to Book ratio for the last quarter was 3.46, with the Price to Cash per share for the same quarter was set at 2.22.

How has GOTU stock performed recently?

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 20.49. With this latest performance, GOTU shares gained by 65.00% in over the last four-week period, additionally plugging by 92.23% over the last 6 months – not to mention a rise of 76.79% 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 75.21, with the RSI for the last a single of trading hit 80.03, and the three-weeks RSI is set at 71.42 for Gaotu Techedu Inc ADR [GOTU]. The present Moving Average for the last 50 days of trading for this stock 3.99, while it was recorded at 5.35 for the last single week of trading, and 3.17 for the last 200 days.

Gaotu Techedu Inc ADR [GOTU]: Deeper insight into the 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.

Earnings analysis for Gaotu Techedu Inc ADR [GOTU]

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%.

Insider trade positions for Gaotu Techedu Inc ADR [GOTU]

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%.