A share price of VNET Group Inc ADR [VNET] is currently trading at $3.42, down -1.72%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The VNET shares have gain 3.95% over the last week, with a monthly amount glided 2.40%, 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 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.
VNET Group Inc ADR experienced fluctuations in its stock price throughout the past year 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 $3.42 at the most recent close of the market. An investor can expect a potential return of 85.67% based on the average VNET price forecast.
Analyzing the VNET fundamentals
Trailing Twelve Months sales for VNET Group Inc ADR [NASDAQ:VNET] were 1.06B which represents 6.08% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.68.
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 3.33 points at the first support level, and at 3.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.54, and for the 2nd resistance point, it is at 3.67.
Ratios To Look Out For
To put it in perspective, the Current Ratio for VNET Group Inc ADR [NASDAQ:VNET] is 0.87. In addition, the Quick Ratio stands at 0.87 and the Cash Ratio stands at 0.22. Considering the valuation of this stock, the price to sales ratio is 0.83, the price to book ratio is 1.09.
