At the time of writing, VNET Group Inc ADR [VNET] stock is trading at $3.64, up 8.01%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VNET shares have gain 4.60% over the last week, with a monthly amount drifted -11.44%, and not 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 October 09, 2024, when HSBC Securities upgraded its rating to a Buy but kept the price target unchanged to $5.20 for it. Previously, BofA Securities upgraded its rating to Buy on March 19, 2024, and dropped its price target to $2.70. HSBC Securities downgraded its rating to a Hold and decreased its price target to $2.90 on June 12, 2023. Credit Suisse downgraded its rating to a Neutral and reduced its price target to $5.90 on September 01, 2022. Goldman upgraded its rating to Neutral for this stock on May 25, 2022, but kept the price target unchanged to $6.50. In a note dated November 22, 2021, HSBC Securities upgraded an Buy rating on this stock but restated the target price of $17.40.
For the past year, the stock price of VNET Group Inc ADR fluctuated between $1.39 and $4.50. Currently, Wall Street analysts expect the stock to reach $6.35 within the next 12 months. VNET Group Inc ADR [NASDAQ: VNET] shares were valued at $3.64 at the most recent close of the market. An investor can expect a potential return of 74.45% based on the average VNET price forecast.
Analyzing the VNET fundamentals
According to VNET Group Inc ADR [NASDAQ:VNET], the company’s sales were 1.06B for trailing twelve months, which represents an 6.08% jump. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at -0.25%, Pretax Profit Margin comes in at -0.31%, and Net Profit Margin reading is -0.34%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.43 and Total Capital is -0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.63.
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 3.43 points at the first support level, and at 3.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.76, and for the 2nd resistance point, it is at 3.89.
Ratios To Look Out For
It is important to note that VNET Group Inc ADR [NASDAQ:VNET] has a current ratio of 0.87. Further, the Quick Ratio stands at 0.87, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 0.88, the price to book ratio is 1.16.
