As of close of business last night, VNET Group Inc ADR’s stock clocked out at $1.55, up 1.31% from its previous closing price of $1.53. In other words, the price has increased by $+0.0200 from its previous closing price. On the day, 3566865 shares were traded.
Ratios:
To gain a deeper understanding of VNET’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 0.71. In the meantime, Its Debt-to-Equity ratio is 2.61 whereas as Long-Term Debt/Eq ratio is at 1.70.
On June 12, 2023, HSBC Securities Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $6.60 to $2.90.
Credit Suisse Downgraded its Outperform to Neutral on September 01, 2022, whereas the target price for the stock was revised from $7.20 to $5.90.
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 398.91M and an Enterprise Value of 2.34B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21 while its Price-to-Book (P/B) ratio in mrq is 0.26. Its current Enterprise Value per Revenue stands at 0.32 whereas that against EBITDA is 1.22.
Stock Price History:
Over the past 52 weeks, VNET has reached a high of $4.19, while it has fallen to a 52-week low of $1.39. The 50-Day Moving Average of the stock is 2.0244, while the 200-Day Moving Average is calculated to be 2.7540.
Shares Statistics:
It appears that VNET traded 2.36M shares on average per day over the past three months and 1.84M shares per day over the past ten days. A total of 143.32M shares are outstanding, with a floating share count of 129.91M. Insiders hold about 9.35% of the company’s shares, while institutions hold 42.69% stake in the company. Shares short for VNET as of Feb 15, 2024 were 10.26M with a Short Ratio of 4.34, compared to 9.74M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.99% and a Short% of Float of 4.00%.
Earnings Estimates
As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.23 for the current quarter, with a high estimate of -$0.18 and a low estimate of -$0.27, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.01, with high estimates of -$0.01 and low estimates of -$0.01.
Analysts are recommending an EPS of between -$0.04 and -$0.43 for the fiscal current year, implying an average EPS of -$0.29. EPS for the following year is -$0.44, with 3 analysts recommending between -$0.3 and -$0.52.
Revenue Estimates
In the current quarter, 1 analysts expect revenue to total $283.46M. It ranges from a high estimate of $283.46M to a low estimate of $283.46M. As of the current estimate, VNET Group Inc ADR’s year-ago sales were $268.33M, an estimated increase of 5.60% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $282.72M, an increase of 13.30% over than the figure of $5.60% in the same quarter last year. There is a high estimate of $282.72M for the next quarter, whereas the lowest estimate is $282.72M.
A total of 7 analysts have provided revenue estimates for VNET’s current fiscal year. The highest revenue estimate was $1.06B, while the lowest revenue estimate was $1.05B, resulting in an average revenue estimate of $1.06B. In the same quarter a year ago, actual revenue was $1.01B, up 4.80% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.16B in the next fiscal year. The high estimate is $1.21B and the low estimate is $1.13B. The average revenue growth estimate for next year is up 9.90% from the average revenue estimate for this year.
