The stock of VNET Group Inc. (NASDAQ:VNET) increased by $0.02 on Tuesday to at $3.47, up 0.58 percent. The last five days have seen an average of 2,602,632 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$2.23. The average number of shares traded over the last 20 days was 1,674,443, while the average volume over the last 50 days totaled 1,259,047.
VNET stock appreciated 16.84% since last month. On 08/02/23, the company’s shares reached a one-month low of $2.68. The stock touched a high of $6.83 on 01/20/23, after rallying from a low of $2.53 in 52 weeks. The price of VNET stock has declined by -38.80% or -$2.23 this year, reaching a new high 6 times. Still, the stock price is down -49.19% from the 52-week high.
Valuation Metrics
Beta for the stock is -0.22. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.50, the price-to-book (PB) ratio of 0.58.
Financial Health
For the three months ended June 29, VNET Group Inc.’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.03, and the total debt to equity ratio is 1.83. As far as profitability goes, gross margin for the trailing twelve months is 18.30% percent. VNET Group Inc.’s EBITDA margin for the year ended June 29 was 23.30%, whereas its operating margin stood at 2.70% for the same period. Based on annual data, it had gross profit of $196.93 million and revenue of $1.02 billion.
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 -2.30%. There was a -0.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -9.70%.
Earnings Surprise
According to VNET Group Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $196.93 million, while revenues fell by -393.23% to $0.0. It was predicted that VNET Group Inc.’s quarterly earnings would be -$0.21, but it ended up being -$0.05. EBITDA was $12.86 million for the quarter. At the end of VNET Group Inc.’s most recent quarter ended June 29, its liabilities totaled 3.02 billion, while its total debt was $15.67 billion.
Technical Picture
Here’s a quick look at VNET Group Inc.’s (VNET) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 73.68%, suggesting the stock is Overbought, with a 54.57% historical volatility rate.
The stochastic %K and %D were 90.53% and 86.13% respectively, while the average true range (ATR) was 0.21. Based on the 14-day stochastic reading of 90.71%, the RSI (14) reading is 68.37%. On the 9-day MACD Oscillator, the stock is at 0.17, and the 14-day reading is at 0.27.
Analyst Ratings
Analysts have assigned VNET Group Inc. (VNET) an Overweight rating. VNET is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 5 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 $21.83 and $59.68, with a median target price of $33.45. In analyzing these forecasts, the average price target given by analysts for VNET Group Inc. (VNET) is $35.36.
