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The price of VNET Group Inc ADR (NASDAQ: VNET) closed at $3.75 in the last session, up 6.23% from day before closing price of $3.53. In other words, the price has increased by $6.23 from its previous closing price. On the day, 2.15 million shares were traded. VNET stock price reached its highest trading level at $3.75 during the session, while it also had its lowest trading level at $3.58.
Ratios:
We take a closer look at VNET’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 0.87. In the meantime, Its Debt-to-Equity ratio is 2.63 whereas as Long-Term Debt/Eq ratio is at 2.19.
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 March 19, 2024, 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 1001122496 and an Enterprise Value of 20477534208. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 2.667 whereas that against EBITDA is 12.479.
Stock Price History:
Over the past 52 weeks, VNET has reached a high of $3.87, while it has fallen to a 52-week low of $1.39. The 50-Day Moving Average of the stock is 63.42%, while the 200-Day Moving Average is calculated to be 79.37%.
Shares Statistics:
According to the various share statistics, VNET traded on average about 1.19M shares per day over the past 3-months and 2417930 shares per day over the past 10 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 23.30% stake in the company. Shares short for VNET as of 1724976000 were 8042086 with a Short Ratio of 6.78, compared to 1722384000 on 8611594. Therefore, it implies a Short% of Shares Outstanding of 8042086 and a Short% of Float of 5.2600004.
