VNET Group Inc ADR [VNET] stock prices are up 4.42% to $1.89 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VNET shares have gain 16.31% over the last week, with a monthly amount glided 23.53%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
VNET Group Inc ADR [NASDAQ: VNET] stock has seen the most recent analyst activity on March 19, 2024, when BofA Securities upgraded its rating to a Buy and also revised its price target to $2.70 from $3.90. On June 12, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $2.90 on the stock. Credit Suisse downgraded its rating to a Neutral and decreased its price target to $5.90 on September 01, 2022. Goldman upgraded its rating to a Neutral but $6.50 remained the price target by the analyst firm on May 25, 2022. HSBC Securities upgraded its rating to Buy for this stock on November 22, 2021, but kept the price target unchanged to $17.40. In a note dated November 19, 2021, Goldman downgraded an Sell rating on this stock and revised its target price from $32.80 to $11.50.
The stock price of VNET Group Inc ADR [VNET] has been fluctuating between $1.39 and $4.19 over the past year. Currently, Wall Street analysts expect the stock to reach $8.2 within the next 12 months. VNET Group Inc ADR [NASDAQ: VNET] shares were valued at $1.89 at the most recent close of the market. An investor can expect a potential return of 333.86% based on the average VNET price forecast.
Analyzing the VNET fundamentals
The VNET Group Inc ADR [NASDAQ:VNET] reported sales of 1.05B for trailing twelve months, representing a drop of -0.62%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.04 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.61.
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 1.8167 points at the first support level, and at 1.7433 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9267, and for the 2nd resistance point, it is at 1.9633.
Ratios To Look Out For
It’s worth pointing out that VNET Group Inc ADR [NASDAQ:VNET]’s Current Ratio is 0.86. Also, the Quick Ratio is 0.71, while the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 0.26, the price to book ratio is 0.32.
