With 10.84 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.25 million shares. The 52-week range on VNET shows that it touched its highest point at $16.13 and its lowest point at $1.42 during that stretch. It currently has a 1-year price target of $15.27. Beta for the stock currently stands at 0.06.
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 up-trending over the past week, with a rise of 12.35%, but this was up by 93.85% over a month. Three-month performance surged to 260.37% while six-month performance rose 598.45%. The stock gained 774.19% in the past year, while it has gained 185.86% so far this year. A look at the trailing 12-month EPS for VNET yields -2.11 with Next year EPS estimates of 0.05. For the next quarter, that number is 0.03. This implies an EPS growth rate of 123.38% for this year and -45.38% for next year.
Float and Shares Shorts:
At present, 261.84 million VNET shares are outstanding with a float of 248.47 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.75541 being high and $0.47213 being low. For VNET, this leads to a yearly average estimate of $0.66098.
