Stocks of GDS Holdings Limited (NASDAQ:GDS) traded higher last session on Wall Street, up 16.87% to $20.51.
According to the data, GDS Holdings Limited (NASDAQ:GDS) has 23 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $356.68 and a low of $99.29, we find $157.28. Given the previous closing price of $17.55, this indicates a potential upside of 796.18 percent. GDS stock price is now 46.79% away from the 50-day moving average and -22.56% away from the 200-day moving average. The market capitalization of the company currently stands at $3.43B.
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A total of 5 analysts have issued a hold rating and 16 have given it a buy rating. Brokers who have rated the stock have averaged $172.64 as their price target over the next twelve months.
With the price target reduced from $41 to $33, RBC Capital Mkts Downgraded its rating from Outperform to Sector Perform for GDS Holdings Limited (NASDAQ: GDS). On August 25, 2022, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock keeping its target price maintained at $28, while ‘Deutsche Bank’ rates the stock as ‘Hold’.
A total of 1.12% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GDS stock. A new stake in GDS Holdings Limited shares was purchased by CAPRICORN FUND MANAGERS LTD during the first quarter worth $2,669,000. TWINBEECH CAPITAL LP invested $1,682,000 in shares of GDS during the first quarter. In the first quarter, PARALLAX VOLATILITY ADVISERS, L.P. acquired a new stake in GDS Holdings Limited valued at approximately $1,495,000. SIMPLEX TRADING, LLC acquired a new stake in GDS for approximately $1,456,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP purchased a new stake in GDS valued at around $734,000 in the second quarter. In total, there are 287 active investors with 42.00% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $18.92 for GDS Holdings Limited (NASDAQ: GDS). During the past 12 months, GDS Holdings Limited has had a low of $8.41 and a high of $55.72. As of last week, the company has a debt-to-equity ratio of 1.81, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for GDS is $13.97 and a two-hundred day moving average price translates $26.49 for the stock.
The latest earnings results from GDS Holdings Limited (NASDAQ: GDS) was released for Jun, 2022. According to the Software – Infrastructure Company, earnings per share came in at -$0.46, missing analysts’ expectations of -$0.3 by -0.16. This compares to -$0.26 EPS in the same period last year. The net profit margin was -18.30% and return on equity was -7.00% for GDS. The company reported revenue of $332.83 million for the quarter, compared to $288.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.29 percent. For the current quarter, analysts expect GDS to generate $319.24M in revenue.
GDS Holdings Limited(GDS) Company Profile
GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People’s Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services. It serves cloud service providers, large Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations. The company was founded in 2001 and is headquartered in Shanghai, the People’s Republic of China.
