At the last check on Thursday, VNET Group Inc.’s (NASDAQ:VNET) stock was up $0.2, moving up 6.76 percent to $3.16. The average number of shares traded per day over the past five days has been 956,020 shares. 4 times new highs have been achieved over the past 5 days, with a $0.21 gain in that time frame. In the last twenty days, the average volume was 1,136,060, while in the previous 50 days, it was 1,018,472.
Since last month, VNET stock rose 18.80%. Shares of the company fell to $2.54 on 07/27/23, the lowest level in the past month. A 52-week high of $6.83 was reached on 01/20/23 after having rallying from a 52-week low of $2.53. Since the beginning of this year, VNET’s stock price has dropped by -44.27% or -$2.52, and marked a new high 6 times. However, the stock has declined by -53.73% since its 52-week high.
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Valuation Metrics
The stock’s beta is -0.18. Besides these, the trailing price-to-sales (P/S) ratio of 0.47, the price-to-book (PB) ratio of 0.50.
Financial Health
In the three months ended March 30, VNET Group Inc.’s quick ratio stood at 0.70, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.96, and the total debt-to-equity ratio was 1.74. On the profitability front, the trailing twelve-month gross margin is 18.80% percent. In the year ended March 30, EBITDA margin amounted to 23.30%, whereas operating margins totaled 1.90%. Based on annual data, VNET earned $196.93 million in gross profit and brought in $1.02 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.10%. Return on equity (ROE) for the past 12 months was -11.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. VNET’s revenue fell -393.23% during the quarter, while net income inched up to $196.93 million. While analysts expected VNET Group Inc. to report -$0.09 quarterly earnings, the actual figure was $0.06 per share, beating the consensus estimate by 166.70%. During the quarter, the company generated $79.64 million in EBITDA. The liabilities of VNET Group Inc. were 3.13 billion at the end of its most recent quarter ended March 30, and its total debt was $15.8 billion.
Technical Picture
This quick technical analysis looks at VNET Group Inc.’s (VNET) price momentum. With a historical volatility rate of 39.18%, the RSI 9-day stood at 70.73% on 16 August.
With respect to its five-day moving average, the current VNET Group Inc. price is up by +7.31% percent or $0.21. At present, VNET shares trade +21.81% above its 20-day simple moving average and -0.63% percent below its 100-day simple moving average. However, the stock is currently trading approximately +4.82% above its SMA50 and -28.94% below its SMA200.
Stochastic coefficient K was 81.10% and Stochastic coefficient D was 82.61%, while ATR was 0.16. Given the Stochastic reading of 83.29% for the 14-day period, the RSI (14) reading has been calculated as 63.34%. As of today, the MACD Oscillator reading stands at 0.07, while the 14-day reading stands at 0.11.
Analyst Ratings
VNET Group Inc. (VNET) has been rated Overweight by analysts. According to 0 brokerage firms, VNET is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate VNET Group Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $33.45, the current consensus forecast for the stock is $20.66 – $57.96. Based on these forecasts, analysts predict VNET Group Inc. (VNET) will achieve an average price target of $36.07.
