VNET Group Inc ADR (VNET) Shares Soar Above 1-Year High

VNET Group Inc ADR (NASDAQ: VNET)’s stock price has soared by 9.70 in relation to previous closing price of 1.65. Nevertheless, the company has seen a gain of 0.56% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-28 that VNET Group, Inc. (VNET) Q4 2023 Earnings Call Transcript

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

The 36-month beta value for VNET is at -0.30. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for VNET is 129.91M, and currently, shorts hold a 6.01% of that float. The average trading volume for VNET on April 03, 2024 was 2.35M shares.

VNET’s Market Performance

The stock of VNET Group Inc ADR (VNET) has seen a 0.56% increase in the past week, with a 17.53% rise in the past month, and a -36.93% fall in the past quarter. The volatility ratio for the week is 12.77%, and the volatility levels for the past 30 days are at 9.20% for VNET. The simple moving average for the past 20 days is 4.47% for VNET’s stock, with a -31.67% simple moving average for the past 200 days.

Analysts’ Opinion of VNET

Many brokerage firms have already submitted their reports for VNET stocks, with BofA Securities repeating the rating for VNET by listing it as a “Buy.” The predicted price for VNET in the upcoming period, according to BofA Securities is $2.70 based on the research report published on March 19, 2024 of the current year 2024.

BofA Securities, on the other hand, stated in their research note that they expect to see VNET reach a price target of $3.40. The rating they have provided for VNET stocks is “Neutral” according to the report published on July 07th, 2023.

HSBC Securities gave a rating of “Hold” to VNET, setting the target price at $2.90 in the report published on June 12th of the previous year.

VNET Trading at 7.79% 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 -56.80% of loss for the given period.

Volatility was left at 9.20%, however, over the last 30 days, the volatility rate increased by 12.77%, as shares surge +18.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.73% lower at present.

During the last 5 trading sessions, VNET rose by +0.56%, which changed the moving average for the period of 200-days by -46.13% in comparison to the 20-day moving average, which settled at $1.7465. In addition, VNET Group Inc ADR saw -36.93% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for VNET

Current profitability levels for the company are sitting at:

  • 0.02 for the present operating margin
  • 0.18 for the gross margin

The net margin for VNET Group Inc ADR stands at -0.03. The total capital return value is set at 0.01. Equity return is now at value -40.70, with -8.97 for asset returns.

Based on VNET Group Inc ADR (VNET), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 2.61. The interest coverage ratio of the stock is 0.55.

Currently, EBITDA for the company is 1.76 billion with net debt to EBITDA at 6.97. When we switch over and look at the enterprise to sales, we see a ratio of 2.13. The receivables turnover for the company is 3.15for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.

Conclusion

In conclusion, VNET Group Inc ADR (VNET) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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