With 0.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.02 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $3.74 whereas the lowest price it dropped to was $3.54. The 52-week range on VNET shows that it touched its highest point at $4.50 and its lowest point at $1.39 during that stretch. It currently has a 1-year price target of $6.14. Beta for the stock currently stands at -0.19.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VNET was down-trending over the past week, with a drop of -5.10%, but this was down by -0.29% over a month. Three-month performance surged to 7.14% while six-month performance rose 72.31%. The stock gained 30.29% in the past year, while it has gained 30.29% so far this year. A look at the trailing 12-month EPS for VNET yields -2.11 with Next year EPS estimates of 0.02. For the next quarter, that number is 0.02. This implies an EPS growth rate of 117.86% for this year and -73.58% for next year. EPS is expected to grow by 11.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -55.24%.
Float and Shares Shorts:
At present, 258.08 million VNET shares are outstanding with a float of 244.71 million shares on hand for trading. On 2024-10-31, short shares totaled 4.62 million, which was 173.0 higher than short shares on 1727654400. In addition to Mr. Sheng Chen as the firm’s Co-Founder, Executive Co-Chairman & Interim CEO, Mr. Jianbiao Zhu serves as its Executive Co-Chairman.
Institutional Ownership:
Through their ownership of 0.3391 of VNET’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, VNET reported revenue of $2120794000.0 and operating income of $191410000.0. The EBITDA in the recently reported quarter was $195322000.0 and diluted EPS was $0.3.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VNET since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VNET analysts setting a high price target of 77.747 and a low target of 28.37, the average target price over the next 12 months is 40.93982. Based on these targets, VNET could surge 1989.97% to reach the target high and rise by 662.63% to reach the target low. Reaching the average price target will result in a growth of 1000.53% from current levels.
Analysts have provided yearly estimates in a range of $2.55099 being high and -$2.55099 being low. For VNET, this leads to a yearly average estimate of $0.51019. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
