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After finishing at $4.21 in the prior trading day, VNET Group Inc ADR (NASDAQ: VNET) closed at $4.11, down -2.38%. In other words, the price has decreased by -$2.38 from its previous closing price. On the day, 1.72 million shares were traded. VNET stock price reached its highest trading level at $4.285 during the session, while it also had its lowest trading level at $4.0.
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.
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 1097230336 and an Enterprise Value of 21402437632. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 2.788 whereas that against EBITDA is 13.042.
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 56.63%, while the 200-Day Moving Average is calculated to be 92.49%.
Shares Statistics:
The stock has traded on average 1.39M shares per day over the past 3-months and 2186590 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 23.32% stake in the company. Shares short for VNET as of 1726185600 were 7324548 with a Short Ratio of 5.26, compared to 1723680000 on 8429956. Therefore, it implies a Short% of Shares Outstanding of 7324548 and a Short% of Float of 4.79.
