VNET Group Inc ADR (NASDAQ:VNET) shares traded 3.61% higher at $6.03 on Wall Street last session.
VNET stock price is now -3.07% away from the 50-day moving average and 4.45% away from the 200-day moving average. The market capitalization of the company currently stands at $1.59B.
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’
In other news, Blackstone Tactical Opportunit, Affiliate bought 10,402,130 shares of the company’s stock on Mar 17 ’25. The stock was bought for $118,376,239 at an average price of $11.38. A total of 3.97% of the company’s stock is owned by insiders.
During the past 12 months, VNET Group Inc ADR has had a low of $1.71 and a high of $16.13. As of last week, the company has a debt-to-equity ratio of 3.82, a current ratio of 1.10, and a quick ratio of 1.10.
The net profit margin was 1.60% and return on equity was 2.28% for VNET. The company reported revenue of $309.54 million for the quarter, compared to $262.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.75 percent. For the current quarter, analysts expect VNET to generate $2.26B in revenue.
