How VNET Group Inc. (VNET) Is Doing Technically?

The stock of VNET Group Inc. (NASDAQ:VNET) increased by $0.11 on Wednesday to $5.94, up 1.89 percent. The last five days have seen an average of 1,289,232 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$3.04. The average number of shares traded over the last 20 days was 1,791,818, while the average volume over the last 50 days totaled 2,136,101.

VNET stock appreciated 1.04% since last month. On 05/25/22, the company’s shares reached a one-month low of $4.45. The stock touched a high of $23.70 on 01/20/22, after rallying from a low of $3.51 in 52 weeks. The price of VNET stock has declined by -35.44% or -$3.04 this year, reaching a new high 3 times. Still, the stock price is down -74.94% from the 52-week high.


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Valuation Metrics

VNET Group Inc. (VNET) has a trailing price-to-earnings (P/E) ratio of 8.85. Beta for the stock is 0.20. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.83, the price-to-book (PB) ratio of 0.79, and the price-to-cash flow ratio of 4.57.

Financial Health

For the three months ended March 30, VNET Group Inc.’s quick ratio was 1.40, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 1.34, and the total debt to equity ratio is 1.43. As far as profitability goes, gross margin for the trailing twelve months is 22.80% percent. VNET Group Inc.’s operating margin stood at 0.50% for the same period. Based on annual data, it had gross profit of $225.66 million and revenue of $971.32 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. VNET’s return on assets (ROA) during the last 12 months has been 2.80%. There was a -0.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.40%.

Earnings Surprise

According to VNET Group Inc.’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $971.32 million, while revenues rose by 23.81% to $0.0. It was predicted that VNET Group Inc.’s quarterly earnings would be $0.03, but it ended up being $0. EBITDA was $70.3 million for the quarter. At the end of VNET Group Inc.’s most recent quarter ended March 30, its liabilities totaled 2.81 billion, while its total debt was $13.35 billion.

Technical Picture

Here’s a quick look at VNET Group Inc.’s (VNET) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 55.59%, suggesting the stock is Neutral, with a 97.61% historical volatility rate.

The stochastic %K and %D were 42.91% and 34.13% respectively, while the average true range (ATR) was 0.47. Based on the 14-day stochastic reading of 54.26%, the RSI (14) reading is 53.15%. On the 9-day MACD Oscillator, the stock is at 0.08, and the 14-day reading is at 0.07.

Analyst Ratings

In its most recent analyst report, Goldman raised its rating on VNET Group Inc. (NASDAQ: VNET) to a Neutral. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned VNET Group Inc. (VNET) an Buy rating. VNET is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 12 others recommend it as a buy.

What is VNET’s price target for the next 12 months?

The current consensus forecast for the stock is between $43.68 and $155.67, with a median target price of $62.72. In analyzing these forecasts, the average price target given by analysts for VNET Group Inc. (VNET) is $73.42.

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