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The closing price of VNET Group Inc ADR (NASDAQ: VNET) was $3.69 for the day, down -1.60% from the previous closing price of $3.75. In other words, the price has decreased by -$1.60 from its previous closing price. On the day, 3.15 million shares were traded. VNET stock price reached its highest trading level at $3.79 during the session, while it also had its lowest trading level at $3.512.
Ratios:
Our analysis of VNET’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 0.83. In the meantime, Its Debt-to-Equity ratio is 2.60 whereas as Long-Term Debt/Eq ratio is at 2.15.
On March 19, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also lowered its target price recommendation from $3.90 to $2.70.
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 985104576 and an Enterprise Value of 20844306432. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.87 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 2.715 whereas that against EBITDA is 12.702.
Stock Price History:
Over the past 52 weeks, VNET has reached a high of $4.50, while it has fallen to a 52-week low of $1.39. The 50-Day Moving Average of the stock is 1.54%, while the 200-Day Moving Average is calculated to be 55.05%.
Shares Statistics:
VNET traded an average of 2.00M shares per day over the past three months and 2376270 shares per day over the past ten days. A total of 252.27M shares are outstanding, with a floating share count of 244.71M. Insiders hold about 5.18% of the company’s shares, while institutions hold 25.79% stake in the company. Shares short for VNET as of 1730332800 were 4623596 with a Short Ratio of 2.32, compared to 1727654400 on 5646057. Therefore, it implies a Short% of Shares Outstanding of 4623596 and a Short% of Float of 3.0299999.
