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After finishing at $3.90 in the prior trading day, VNET Group Inc ADR (NASDAQ: VNET) closed at $3.82, down -2.05%. In other words, the price has decreased by -$2.05 from its previous closing price. On the day, 1.07 million shares were traded. VNET stock price reached its highest trading level at $3.895 during the session, while it also had its lowest trading level at $3.74.
Ratios:
Our goal is to gain a better understanding of VNET by taking a closer look at its different ratios. 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.
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 1019810112 and an Enterprise Value of 20939984896. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 1.22. Its current Enterprise Value per Revenue stands at 2.728 whereas that against EBITDA is 12.761.
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 35.43%, while the 200-Day Moving Average is calculated to be 76.86%.
Shares Statistics:
The stock has traded on average 1.41M shares per day over the past 3-months and 1815910 shares per day over the last 10 days, according to various share statistics. 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 23.45% stake in the company. Shares short for VNET as of 1727654400 were 5646057 with a Short Ratio of 4.00, compared to 1724976000 on 8042086. Therefore, it implies a Short% of Shares Outstanding of 5646057 and a Short% of Float of 3.6900000000000004.
