In the latest session, VNET Group Inc ADR (NASDAQ: VNET) closed at $1.90 up 2.15% from its previous closing price of $1.86. In other words, the price has increased by $+0.0400 from its previous closing price. On the day, 1238538 shares were traded.
Ratios:
For a deeper understanding of VNET Group Inc ADR’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 0.71. In the meantime, Its Debt-to-Equity ratio is 2.61 whereas as Long-Term Debt/Eq ratio is at 1.70.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on Mar-20-24, Upgraded its rating to Buy and sets its target price to $2.70 from $3.90 previously.
HSBC Securities Downgraded its Buy to Hold on June 12, 2023, whereas the target price for the stock was revised from $6.60 to $2.90.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VNET now has a Market Capitalization of 478.70M and an Enterprise Value of 2.44B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 0.32. Its current Enterprise Value per Revenue stands at 0.33 whereas that against EBITDA is 1.28.
Stock Price History:
The Beta on a monthly basis for VNET is -0.29, which has changed by -36.24% over the last 52 weeks, in comparison to a change of 31.54% over the same period for the S&P500. Over the past 52 weeks, VNET has reached a high of $4.19, while it has fallen to a 52-week low of $1.39. The 50-Day Moving Average of the stock is 1.7912, while the 200-Day Moving Average is calculated to be 2.7009.
Shares Statistics:
For the past three months, VNET has traded an average of 2.56M shares per day and 2.94M over the past ten days. A total of 143.32M shares are outstanding, with a floating share count of 129.91M. Insiders hold about 9.35% of the company’s shares, while institutions hold 41.40% stake in the company. Shares short for VNET as of Feb 29, 2024 were 8.89M with a Short Ratio of 3.47, compared to 8.54M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.45% and a Short% of Float of 3.46%.
Earnings Estimates
There are 2 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.23 for the current quarter, with a high estimate of -$0.18 and a low estimate of -$0.27, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.01, with high estimates of -$0.01 and low estimates of -$0.01.
Analysts are recommending an EPS of between -$0.04 and -$0.43 for the fiscal current year, implying an average EPS of -$0.29. EPS for the following year is -$0.44, with 3 analysts recommending between -$0.3 and -$0.52.
Revenue Estimates
A total of 1 analysts believe the company’s revenue will be $283.72M this quarter.It ranges from a high estimate of $283.72M to a low estimate of $283.72M. As of the current estimate, VNET Group Inc ADR’s year-ago sales were $268.33M, an estimated increase of 5.70% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $282.72M, an increase of 13.30% over than the figure of $5.70% in the same quarter last year. There is a high estimate of $282.72M for the next quarter, whereas the lowest estimate is $282.72M.
A total of 7 analysts have provided revenue estimates for VNET’s current fiscal year. The highest revenue estimate was $1.06B, while the lowest revenue estimate was $1.05B, resulting in an average revenue estimate of $1.06B. In the same quarter a year ago, actual revenue was $1.01B, up 4.90% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.16B in the next fiscal year. The high estimate is $1.21B and the low estimate is $1.14B. The average revenue growth estimate for next year is up 9.90% from the average revenue estimate for this year.
