Gaotu Techedu Inc. (NYSE:GOTU) saw a downside of -6.10% to close Monday at $3.54 after subtracting -$0.23 on the day. The 5-day average trading volume is 2,632,400 shares of the company’s common stock. It has gained $4.13 in the past week and touched a new high 1 time within the past 5 days. An average of 2,504,070 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,688,142.
GOTU’s 1-month performance is 20.82% or $0.61 on its low of $2.87 reached on 07/10/23. The company’s shares have touched a 52-week low of $0.64 and high of $5.49, with the stock’s rally to the 52-week high happening on 03/07/23. YTD, GOTU has achieved 50.00% or $1.18 and has reached a new high 10 times. However, the current price is down -35.52% from the 52-week high price.
Valuation Metrics
GOTU stock has a beta of -0.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.75 while the price-to-book (PB) in the most recent quarter is 2.05.
Gaotu Techedu Inc.’s quick ratio for the recent period was 3.00, with the current ratio over the same period at 3.10. In terms of profitability, the gross margin trailing 12 months is 73.90%. The firm’s gross profit as reported stood at $260.56 million against revenue of $362.21 million.
Earnings Surprise
Gaotu Techedu Inc.’s cash and short-term investments amounted to $423.92 million against total debt of $117.3 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 25597.38% to $1.91 million, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than $13.85 million. GOTU stock balance sheet for the recent quarter shows that total liabilities totaled 229.88 million, with total debt at $117.3 million.
Let’s look briefly at Gaotu Techedu Inc. (GOTU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 46.11% to suggest the stock is trending Neutral, with historical volatility in this time period at 114.01%.
The stock’s 5-day moving average is $3.77, reflecting a -15.51% or -$0.65 change from its current price. GOTU is currently trading +13.83% above its 20-day SMA, -18.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +30.63% and SMA200 by+233.96%.
Stochastic %K and %D was 45.36% and 49.29% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 50.02%, while the 14-day stochastic is at 30.83% with the period’s ATR at 0.30. The stock’s 9-day MACD Oscillator is pointing at -0.18 and 0.03 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Gaotu Techedu Inc. (NYSE: GOTU), CLSA upgraded it to an Outperform rating. They previously had an Underperform rating on the stock. Analysts offering their rating for GOTU stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GOTU as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is GOTU’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $23.49 and a high of $46.69, with their median price target at $35.90. Looking at these predictions, the average price target given by analysts is for Gaotu Techedu Inc. (GOTU) stock is $35.36.
