With 2.64 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.88 million shares. The 52-week range on VNET shows that it touched its highest point at $16.13 and its lowest point at $1.71 during that stretch. It currently has a 1-year price target of $12.87. Beta for the stock currently stands at 0.08.
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 -7.77%, but this was down by -11.96% over a month. Three-month performance dropped to -44.58% while six-month performance rose 53.76%. The stock gained 203.30% in the past year, while it has gained 16.46% so far this year. A look at the trailing 12-month EPS for VNET yields 0.06 with Next year EPS estimates of 0.02. For the next quarter, that number is 0.00. This implies an EPS growth rate of 49.66% for this year and -12.26% for next year.
Float and Shares Shorts:
At present, 263.90 million VNET shares are outstanding with a float of 253.41 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 $0.78346 being high and $0.48966 being low. For VNET, this leads to a yearly average estimate of $0.68552. Based on analyst estimates, the high estimate for the next quarter is $0.12 and the low estimate is $0.12. The average estimate for the next quarter is thus $0.12.
