Let’s start up with the current stock price of 21Vianet Group Inc. (VNET), which is $27.69 to be very precise. The Stock rose vividly during the last session to $30.50 after opening rate of $30.40 while the lowest price it went was recorded $27.53 before closing at $28.65.
Recently in News on December 14, 2020, 21Vianet Announces Resignation of Director. 21Vianet Group, Inc. (Nasdaq: VNET) (“21Vianet” or the “Company”), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced that on December 14, 2020, Mr. Tao Zou, a director of the Company nominated by King Venture Holdings Limited (“King Venture”) in accordance with an Investor Rights Agreement dated as of January 15, 2015 by and among the Company, King Venture and certain other parties (the “Investor Rights Agreement”), informed the Company’s board of directors of his decision to resign from the board with immediate effect due to personal reasons. The resignation of Mr. Zou did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. The Company would like to take this opportunity to express its appreciation to Mr. Zou for his service to the Company. You can read further details here
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21Vianet Group Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $31.50 on 11/25/20, with the lowest value was $7.26 for the same time period, recorded on 01/02/20.
21Vianet Group Inc. (VNET) full year performance was 277.25%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, 21Vianet Group Inc. shares are logging -12.10% during the 52-week period from high price, and 338.83% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $6.31 and $31.50.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 1601263 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the 21Vianet Group Inc. (VNET) recorded performance in the market was 281.93%, having the revenues showcasing 33.51% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 3.62B, as it employees total of 2295 workers.
The Analysts eye on 21Vianet Group Inc. (VNET)
During the last month, 9 analysts gave the 21Vianet Group Inc. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 23.93, with a change in the price was noted +4.29. In a similar fashion, 21Vianet Group Inc. posted a movement of +18.33% for the period of last 100 days, recording 1,531,777 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for VNET is recording 1.03 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.96.
Technical rundown of 21Vianet Group Inc. (VNET)
Raw Stochastic average of 21Vianet Group Inc. in the period of last 50 days is set at 61.89%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 58.72%. In the last 20 days, the company’s Stochastic %K was 70.17% and its Stochastic %D was recorded 72.43%.
Considering, the past performance of 21Vianet Group Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 281.93%. Additionally, trading for the stock in the period of the last six months notably improved by 67.21%, alongside a boost of 277.25% for the period of the last 12 months. The shares increased approximately by -2.05% in the 7-day charts and went down by 15.57% in the period of the last 30 days. Common stock shares were driven by 33.51% during last recorded quarter.