VNET Group Inc ADR [NASDAQ: VNET] loss -16.50% on the last trading session, reaching $3.34 price per share at the time.
If compared to the average trading volume of 1.40M shares, VNET reached a trading volume of 4026616 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about VNET Group Inc ADR [VNET]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VNET shares is $4.87 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 1.38. 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.
HSBC Securities have made an estimate for VNET Group Inc ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 09, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $3.90 to $2.70. The new note on the price target was released on March 19, 2024, representing the official price target for VNET Group Inc ADR stock. Previously, the target price had yet another raise to $3.40, while BofA Securities analysts kept a Neutral rating on VNET stock. On June 12, 2023, analysts decreased their price target for VNET shares from 6.60 to 2.90.
The Average True Range (ATR) for VNET Group Inc ADR is set at 0.32, with the Price to Sales ratio for VNET stock in the period of the last 12 months amounting to 0.81. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 1.19.
Trading performance analysis for VNET stock
VNET Group Inc ADR [VNET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.70. With this latest performance, VNET shares gained by 22.34% in over the last four-week period, additionally plugging by 122.67% over the last 6 months – not to mention a rise of 21.90% 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 45.96, with the RSI for the last a single of trading hit 38.37, and the three-weeks RSI is set at 50.37 for VNET Group Inc ADR [VNET]. The present Moving Average for the last 50 days of trading for this stock 2.90, while it was recorded at 3.81 for the last single week of trading, and 2.17 for the last 200 days.
VNET Group Inc ADR [VNET]: A deeper dive into fundamental analysis
VNET Group Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.87 and a Current Ratio set at 0.87.
VNET Group Inc ADR [VNET]: An earnings per share (EPS) analysis
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 VNET. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for VNET Group Inc ADR go to 11.80%.
An analysis of Institutional ownership at VNET Group Inc ADR [VNET]
The top three institutional holders of VNET stocks are: FIL LTD with ownership of 16.05 million shares, which is approximately 6.1404%. BLACKSTONE INC., holding 10.4 million shares of the stock with an approximate value of $$21.84 million in VNET stocks shares; and BLACKSTONE INC., currently with $$11.74 million in VNET stock with ownership which is approximately 2.1443%.
