VNET Group Inc. (NASDAQ:VNET) closed Tuesday at $4.88 per share, up from $4.73 a day earlier. While VNET Group Inc. has overperformed by 3.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VNET fell by -72.51%, with highs and lows ranging from $22.91 to $3.51, whereas the simple moving average fell by -41.64% in the last 200 days.
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On May 25, 2022, Goldman Upgraded VNET Group Inc. (NASDAQ: VNET) to Neutral. A report published by HSBC Securities on November 22, 2021, Upgraded its rating to ‘Buy’ for VNET. Goldman also Downgraded VNET shares as ‘Sell’, setting a target price of $11.50 on the company’s shares in a report dated November 19, 2021. HSBC Securities Initiated an Hold rating on October 11, 2021, and assigned a price target of $18.50. Daiwa Securities initiated its ‘Buy’ rating for VNET, as published in its report on November 04, 2020. BofA Securities’s report from September 28, 2020 suggests a price prediction of $35 for VNET shares, giving the stock a ‘Buy’ rating. UBS also rated the stock as ‘Buy’.
Analysis of VNET Group Inc. (VNET)
Further, the quarter-over-quarter increase in sales is 18.60%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of VNET Group Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 9.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.40, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and VNET is recording an average volume of 1.52M. On a monthly basis, the volatility of the stock is set at 6.79%, whereas on a weekly basis, it is put at 8.02%, with a gain of 3.39% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.91, showing growth from the present price of $4.88, which can serve as yet another indication of whether VNET is worth investing in or should be passed over.
How Do You Analyze VNET Group Inc. Shares?
VNET Group Inc. (VNET) is based in the China and is one of the most prominent companies operating in the Information Technology Services market. When comparing VNET Group Inc. shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 7.45, there is a growth in quarterly earnings of 198.30%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 17.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 76.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in VNET shares?
The recent increase in stakes in VNET appears to be a result of several institutional investors and hedge funds increasing their positions. TT International Asset Management’s position in VNET has increased by 2.89% in the first quarter. The company now owns 13,376,115 shares of the stock, with a value of $80.79 million, following the purchase of 375,717 additional shares during the last quarter. FIL Investment Advisors made another increased to its shares in VNET during the first quarter, upping its stake by 163.14%. During the last quarter, the company picked up 6,942,665 additional shares for a total stake of worth $67.64 million, bringing number of shares owned by the company to 11,198,333.
During the first quarter, Morgan Stanley & Co. LLC added a 2,424,131 position in VNET. Cederberg Capital Ltd. sold an additional -0.74 million shares in the last quarter, decreasing its holdings by -13.85%, now holding 4.63 million shares worth $27.97 million. At the end of the first quarter, The Vanguard Group, Inc. decreased its VNET holdings by -1.53% and now holds 3.7 million VNET shares valued at $22.33 million with the lessened 57535.0 shares during the period. VNET shares are owned by institutional investors to the tune of 76.80% at present.