Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of VNET Group Inc ADR (NASDAQ: VNET) closed at $3.88 in the last session, up 0.52% from day before closing price of $3.86. In other words, the price has increased by $0.52 from its previous closing price. On the day, 1.51 million shares were traded. VNET stock price reached its highest trading level at $4.14 during the session, while it also had its lowest trading level at $3.88.
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 0.83 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.
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, Goldman on November 29, 2024, Upgraded its rating to Buy and sets its target price to $5 from $3.10 previously.
On October 09, 2024, HSBC Securities Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $5.20.
BofA Securities Upgraded its Neutral to Buy on March 19, 2024, whereas the target price for the stock was revised 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 1030489216 and an Enterprise Value of 20844306432. 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 1.13. 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 5.50%, while the 200-Day Moving Average is calculated to be 60.76%.
Shares Statistics:
According to the various share statistics, VNET traded on average about 1.98M shares per day over the past 3-months and 2668600 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 25.79% stake in the company. Shares short for VNET as of 1730332800 were 4623596 with a Short Ratio of 3.06, compared to 1727654400 on 5646057. Therefore, it implies a Short% of Shares Outstanding of 4623596 and a Short% of Float of 3.0299999.
