The stock price of VNET Group Inc ADR (NASDAQ: VNET) has surged by 3.52 when compared to previous closing price of 4.12, but the company has seen a 0.83% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-28 that BEIJING, Nov. 28, 2024 /PRNewswire/ — VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that the Company has executed a definitive agreement (the “Agreement”) with Dajia Investment Holding Company Ltd. (“Dajia”), a wholly owned subsidiary of Dajia Insurance Group under which both parties will jointly form a pre-REITs fund (the “Fund”) to invest in hyperscale data centers in mainland China.
Is It Worth Investing in VNET Group Inc ADR (NASDAQ: VNET) Right Now?
The 36-month beta value for VNET is also noteworthy at -0.20. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for VNET is 244.71M, and at present, short sellers hold a 2.48% of that float. The average trading volume of VNET on December 09, 2024 was 1.96M shares.
VNET’s Market Performance
The stock of VNET Group Inc ADR (VNET) has seen a 0.83% increase in the past week, with a 11.07% rise in the past month, and a 40.30% gain in the past quarter. The volatility ratio for the week is 5.84%, and the volatility levels for the past 30 days are at 7.47% for VNET. The simple moving average for the past 20 days is 11.74% for VNET’s stock, with a 71.14% simple moving average for the past 200 days.
Analysts’ Opinion of VNET
Many brokerage firms have already submitted their reports for VNET stocks, with Goldman repeating the rating for VNET by listing it as a “Buy.” The predicted price for VNET in the upcoming period, according to Goldman is $5 based on the research report published on November 29, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see VNET reach a price target of $5.20. The rating they have provided for VNET stocks is “Buy” according to the report published on October 09th, 2024.
BofA Securities gave a rating of “Buy” to VNET, setting the target price at $2.70 in the report published on March 19th of the current year.
VNET Trading at 14.02% 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 -5.22% of loss for the given period.
Volatility was left at 7.47%, however, over the last 30 days, the volatility rate increased by 5.84%, as shares surge +22.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.58% upper at present.
During the last 5 trading sessions, VNET rose by +0.71%, which changed the moving average for the period of 200-days by +180.26% in comparison to the 20-day moving average, which settled at $3.82. In addition, VNET Group Inc ADR saw 48.61% 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:
- -0.22 for the present operating margin
- 0.2 for the gross margin
The net margin for VNET Group Inc ADR stands at -0.28. The total capital return value is set at -0.08. Equity return is now at value -34.96, with -7.43 for asset returns.
Based on VNET Group Inc ADR (VNET), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.7. The interest coverage ratio of the stock is -4.42.
Currently, EBITDA for the company is -366.56 million with net debt to EBITDA at -42.85. When we switch over and look at the enterprise to sales, we see a ratio of 2.9. The receivables turnover for the company is 3.63for 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 0.83.
Conclusion
In summary, VNET Group Inc ADR (VNET) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
