The price of VNET Group Inc ADR (NASDAQ:VNET) shares last traded on Wall Street rose 12.02% to $11.65.
VNET stock price is now 28.51% away from the 50-day moving average and 160.22% away from the 200-day moving average. The market capitalization of the company currently stands at $3.05B.
With the price target enhanced from $3.10 to $5, Goldman Upgraded its rating from Neutral to Buy for VNET Group Inc ADR (NASDAQ: VNET). On October 09, 2024, HSBC Securities Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $5.20, while ‘BofA Securities’ rates the stock as ‘Buy’
A total of 5.11% of the company’s stock is owned by insiders.
During the past 12 months, VNET Group Inc ADR has had a low of $1.42 and a high of $16.13. As of last week, the company has a debt-to-equity ratio of 2.84, a current ratio of 0.73, and a quick ratio of 0.83. According to the stock market information, the enterprise value for the company is $36248801280, which is based on a 144.72 price-to-earnings ratio, a 1.59 price-to-earnings-growth ratio, and a beta of 0.06. The fifty day moving average price for VNET is $9.0658 and a two-hundred day moving average price translates $4.477 for the stock.
The latest earnings results from VNET Group Inc ADR (NASDAQ: VNET) was released for 2024-12-31. The net profit margin was 2.23% and return on equity was 2.97% for VNET. The company reported revenue of $302.21 million for the quarter, compared to $258.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.85 percent.
