GDS Holdings Limited ADR [GDS] stock is trading at $8.53, up 1.91%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GDS shares have gain 12.68% over the last week, with a monthly amount glided 19.30%, and seem to be holding up well over a long-time horizon.
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On 13, March 2024, GDS to Report Fourth Quarter and Full Year 2023 Financial Results Before the Open of the U.S. Market on March 26, 2024. In a post published today on Yahoo Finance, GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China and South East Asia, today announced that it will report its fourth quarter and full year 2023 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on March 26, 2024.
From an analyst’s perspective:
On March 17, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $20 on the stock. RBC Capital Mkts downgraded its rating to a Sector Perform and decreased its price target to $33 on August 26, 2022. JP Morgan downgraded its rating to a Neutral but $28 remained the price target by the analyst firm on August 25, 2022. Deutsche Bank downgraded its rating to Hold for this stock on August 25, 2022, but kept the price target unchanged to $32.80. In a note dated July 29, 2022, Nomura downgraded an Neutral rating on this stock.
GDS Holdings Limited ADR [GDS] stock has fluctuated between $5.01 and $20.78 over the past year. Currently, Wall Street analysts expect the stock to reach $65.29 within the next 12 months. GDS Holdings Limited ADR [NASDAQ: GDS] shares were valued at $8.53 at the most recent close of the market. An investor can expect a potential return of 665.42% based on the average GDS price forecast.
Analyzing the GDS fundamentals
GDS Holdings Limited ADR [NASDAQ:GDS] reported sales of 1.39B for the trailing twelve months, which represents a growth of 0.62%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.06 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.08 points at the first support level, and at 7.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.94, and for the 2nd resistance point, it is at 9.34.
GDS Holdings Limited ADR [GDS] reported earnings per share of -$0.34 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.28/share, meaning a difference of $-0.06 and a surprise factor of -21.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.17 per share as compared to estimates of -$0.26 per share, a difference of $0.09 representing a surprise of 34.60%.
Ratios To Look Out For
For context, GDS Holdings Limited ADR’s Current Ratio is 1.52. Also, the Quick Ratio is 1.52, while the Cash Ratio stands at 1.02. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 0.55.
