VNET Group Inc ADR (NASDAQ: VNET) has seen a decline in its stock price by -5.23 in relation to its previous close of 4.11. However, the company has experienced a -7.04% decline in its stock price over the last five trading sessions. zacks.com reported 2024-08-30 that Investors with an interest in Internet – Services stocks have likely encountered both 21Vianet (VNET) and The Trade Desk (TTD). But which of these two stocks presents investors with the better value opportunity right now?
Is It Worth Investing in VNET Group Inc ADR (NASDAQ: VNET) Right Now?
Moreover, the 36-month beta value for VNET is -0.30. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for VNET is 244.71M and currently, short sellers hold a 2.99% of that float. On October 08, 2024, VNET’s average trading volume was 1.42M shares.
VNET’s Market Performance
VNET stock saw an increase of -7.04% in the past week, with a monthly gain of 40.11% and a quarterly increase of 73.11%. The volatility ratio for the week is 8.15%, and the volatility levels for the last 30 days are 8.07% for VNET Group Inc ADR (VNET). The simple moving average for the last 20 days is 9.49% for VNET stock, with a simple moving average of 81.61% for the last 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 44.00% 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 -13.44% of loss for the given period.
Volatility was left at 8.07%, however, over the last 30 days, the volatility rate increased by 8.15%, as shares surge +28.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +95.98% upper at present.
During the last 5 trading sessions, VNET fell by -6.92%, which changed the moving average for the period of 200-days by +29.57% in comparison to the 20-day moving average, which settled at $3.56. In addition, VNET Group Inc ADR saw 35.71% 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:
- -0.25 for the present operating margin
- 0.19 for the gross margin
The net margin for VNET Group Inc ADR stands at -0.34. The total capital return value is set at -0.09. Equity return is now at value -42.29, with -9.08 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 0.12. The debt to equity ratio resting at 2.63. The interest coverage ratio of the stock is -4.84.
Currently, EBITDA for the company is 1.59 billion with net debt to EBITDA at 9.18. When we switch over and look at the enterprise to sales, we see a ratio of 2.8. The receivables turnover for the company is 3.57for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.87.
Conclusion
To wrap up, the performance of VNET Group Inc ADR (VNET) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
