Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
As of close of business last night, VNET Group Inc ADR’s stock clocked out at $6.97, down -6.82% from its previous closing price of $7.48. In other words, the price has decreased by -$6.82 from its previous closing price. On the day, 6.12 million shares were traded. VNET stock price reached its highest trading level at $7.66 during the session, while it also had its lowest trading level at $6.81.
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 0.83 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.
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 1860753024 and an Enterprise Value of 20844306432. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.66 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 2.715 whereas that against EBITDA is 12.702.
Stock Price History:
The Beta on a monthly basis for VNET is -0.16, which has changed by 3.9084506 over the last 52 weeks, in comparison to a change of 0.22208416 over the same period for the S&P500. Over the past 52 weeks, VNET has reached a high of $8.14, while it has fallen to a 52-week low of $1.39. The 50-Day Moving Average of the stock is 44.69%, while the 200-Day Moving Average is calculated to be 124.80%.
Shares Statistics:
It appears that VNET traded 3.24M shares on average per day over the past three months and 5825750 shares per day over the past ten days. A total of 261.84M shares are outstanding, with a floating share count of 248.47M. Insiders hold about 5.11% of the company’s shares, while institutions hold 25.56% stake in the company. Shares short for VNET as of 1730332800 were 4623596 with a Short Ratio of 2.82, compared to 1727654400 on 5646057. Therefore, it implies a Short% of Shares Outstanding of 4623596 and a Short% of Float of 3.0299999.
