21Vianet Group Inc. (NASDAQ:VNET) saw a downside of -2.25% to close Friday at $16.92 after subtracting -$0.39 on the day. The 5-day average trading volume is 827,340 shares of the company’s common stock. It has gained $18.14 in the past week and touched a new high 1 time within the past 5 days. An average of 989,425 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,562,524.
VNET’s 1-month performance is -18.61% or -$3.87 on its low of $15.99 reached on 10/01/21. The company’s shares have touched a 52-week low of $14.11 and high of $44.45, with the stock’s rally to the 52-week high happening on 02/10/21. YTD, VNET has lost -51.23% or -$17.77 and has reached a new high 12 times. However, the current price is down -61.93%% from the 52-week high price.
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21Vianet Group Inc. (VNET) has a trailing price-to-earnings (P/E) ratio of 30.97 for the broader industry and 36.97 for the sector, meaning that investors are optimistic about the stock’s future prospects. The company’s PE ratio for the last five years has touched a high of 12.32 and a low of 9.079. VNET stock has a beta of 0.21. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.94 while the price-to-book (PB) in the most recent quarter is 2.28.
21Vianet Group Inc.’s quick ratio for the period ended June 29 was 1.40, with the current ratio over the same period at 1.40 meaning that VNET stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.07, while the total debt to equity was 1.44. In terms of profitability, the gross margin trailing 12 months is 22.90%The trailing 12-month EBITDA margin is 24.26% while for the period ending June 29; 21Vianet Group Inc.’s operating margin was 3.00%. The firm’s gross profit as reported stood at $164.91 million against revenue of $740.08 million.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. 21Vianet Group Inc.’s return on assets over the past 12 months stands at -0.40%. Return on investment over the past year is 0.00%, while its return on equity (ROE) trailing 12 months is -1.10%. In comparison, the average ROE for the broader industry over the past year is 4.90.
For the quarterly period ending June 29 this year, 21Vianet Group Inc.’s cash and short-term investments amounted to $43.81 million against total debt of $11.27 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected VNET to announce -$0.05 per share in earnings in its latest quarter, but it posted $0.04, representing a 180.00% surprise. EBITDA for the quarter stood at more than $15.03 million. VNET stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.26 billion, with total debt at $11.27 billion
Let’s look briefly at 21Vianet Group Inc. (VNET) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 35.46% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.61%.
The stock’s 5-day moving average is $17.13, reflecting a -4.24% or -$0.75 change from its current price. VNET is currently trading -17.54% above its 20-day SMA, -31.08% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -7.79% and -40.94% respectively.
Stochastic %K and %D was 11.85% and 9.17% and the average true range (ATR) pointed at 1.13. The RSI (14) points at 39.81%, while the 14-day stochastic is at 18.48% with the period’s ATR at 1.19. The stock’s 9-day MACD Oscillator is pointing at -0.50 and -1.06 on the 14-day charts.
In the most recent analyst report for 21Vianet Group Inc. (NASDAQ: VNET), Daiwa Securities launched coverage with a Buy rating. Analysts offering their rating for VNET stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate VNET as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 11 have offered a “buy” rating.
What is VNET’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $174.81 and a high of $286.85, with their median price target at $205.56. Looking at these predictions, the average price target given by analysts is for 21Vianet Group Inc. (VNET) stock is $214.39.