At the time of writing, VNET Group Inc ADR [VNET] stock is trading at $1.72, up 8.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The VNET shares have gain 17.01% over the last week, with a monthly amount glided 10.97%, 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.
For the past year, the stock price of VNET Group Inc ADR fluctuated between $1.39 and $3.88. 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 $1.72 at the most recent close of the market. An investor can expect a potential return of 376.74% based on the average VNET price forecast.
Analyzing the VNET fundamentals
According to VNET Group Inc ADR [NASDAQ:VNET], the company’s sales were 1.05B for trailing twelve months, which represents an -0.62% plunge. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.34%, and Net Profit Margin reading is -0.36%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.41 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 2.71.
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 1.6033 points at the first support level, and at 1.4867 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8133, and for the 2nd resistance point, it is at 1.9067.
VNET Group Inc ADR [VNET] reported earnings per share of -$2.23 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.18/share, meaning a difference of -$2.05 and a surprise factor of -1,138.90%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.05 per share as compared to estimates of -$0.07 per share, a difference of $0.02 representing a surprise of 28.60%.
Ratios To Look Out For
It is important to note that VNET Group Inc ADR [NASDAQ:VNET] has a current ratio of 0.86. On the other hand, the Quick Ratio is 0.86, and the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.41, the price to book ratio is 0.51.
