Daily Market Movement: Gaotu Techedu Inc ADR (GOTU) Sees a 0.77 Increase, Closing at 2.62

Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.

The closing price of Gaotu Techedu Inc ADR (NYSE: GOTU) was $2.62 for the day, up 0.77% from the previous closing price of $2.60. In other words, the price has increased by $0.77 from its previous closing price. On the day, 2.92 million shares were traded. GOTU stock price reached its highest trading level at $2.7 during the session, while it also had its lowest trading level at $2.46.

Ratios:

Our analysis of GOTU’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.18.

Citigroup Upgraded its Sell to Buy on January 03, 2024, while the target price for the stock was maintained at $4.50.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GOTU now has a Market Capitalization of 662689664 and an Enterprise Value of -2181492480. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 2.26. Its current Enterprise Value per Revenue stands at -0.479 whereas that against EBITDA is 1.935.

Stock Price History:

The Beta on a monthly basis for GOTU is 0.44, which has changed by -0.59815955 over the last 52 weeks, in comparison to a change of 0.049593568 over the same period for the S&P500. Over the past 52 weeks, GOTU has reached a high of $8.44, while it has fallen to a 52-week low of $1.87. The 50-Day Moving Average of the stock is -13.06%, while the 200-Day Moving Average is calculated to be -20.46%.

Shares Statistics:

GOTU traded an average of 2.83M shares per day over the past three months and 2079410 shares per day over the past ten days. A total of 144.38M shares are outstanding, with a floating share count of 144.29M. Insiders hold about 0.06% of the company’s shares, while institutions hold 23.13% stake in the company. Shares short for GOTU as of 1741910400 were 5969642 with a Short Ratio of 2.11, compared to 1739491200 on 6614186. Therefore, it implies a Short% of Shares Outstanding of 5969642 and a Short% of Float of 4.52.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

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