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VNET Group Inc. (VNET): Skating on Thin Ice? We Know the Answer

VNET Group Inc. (NASDAQ:VNET) went down by -1.53% from its latest closing price compared to the recent 1-year high of $10.29. The company’s stock price has collected 4.71% of gains in the last five trading sessions.

Is It Worth Investing in VNET Group Inc. (NASDAQ :VNET) Right Now?

Plus, the 36-month beta value for VNET is at -0.15. Opinions of the stock are interesting as 5 analysts out of 9 who provided ratings for VNET Group Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $52.33, which is $2.22 above the current price. VNET currently public float of 123.84M and currently shorts hold a 5.65% ratio of that float. Today, the average trading volume of VNET was 1.64M shares.

VNET’s Market Performance

VNET stocks went up by 4.71% for the week, with a monthly jump of 28.74% and a quarterly performance of 28.23%, while its annual performance rate touched -30.72%. The volatility ratio for the week stands at 5.87% while the volatility levels for the past 30 days are set at 5.81% for VNET Group Inc. The simple moving average for the period of the last 20 days is 8.66% for VNET stocks with a simple moving average of 17.61% for the last 200 days.

Analysts’ Opinion of VNET

Many brokerage firms have already submitted their reports for VNET stocks, with Credit Suisse repeating the rating for VNET by listing it as a “Neutral.” The predicted price for VNET in the upcoming period, according to Credit Suisse is $5.90 based on the research report published on September 01st of the previous year 2022.

Goldman, on the other hand, stated in their research note that they expect to see VNET reach a price target of $6.50. The rating they have provided for VNET stocks is “Neutral” according to the report published on May 25th, 2022.

HSBC Securities gave a rating of “Buy” to VNET, setting the target price at $17.40 in the report published on November 22nd of the previous year.

VNET Trading at 17.58% from the 50-Day Moving Average

After a stumble in the market that brought VNET to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.32% of loss for the given period.

Volatility was left at 5.81%, however, over the last 30 days, the volatility rate increased by 5.87%, as shares surge +30.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.77% upper at present.

During the last 5 trading sessions, VNET rose by +4.71%, which changed the moving average for the period of 200-days by -7.73% in comparison to the 20-day moving average, which settled at $6.01. In addition, VNET Group Inc. saw 13.76% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for VNET

Current profitability levels for the company are sitting at:

  • +2.11 for the present operating margin
  • +22.31 for the gross margin

The net margin for VNET Group Inc. stands at +8.08. Equity return is now at value -10.50, with -2.90 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.03.

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