Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. VNET Group Inc ADR’s current trading price is -9.80% away from its 52-week high, while its distance from the 52-week low is 151.08%. The stock’s price range during this period has varied between $1.39 and $3.87. The company, active in the Technology sector, saw a trading volume of around 0.98 million for the day, considerably lower average daily volume of 1.2 million observed over the last three months.
VNET Group Inc ADR had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $3.87 on 11/09/23, while the lowest price during the same period was $1.39 on 02/05/24.
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How Financial Performance Impacts Market Capitalization
VNET Group Inc ADR (VNET) has experienced a quarterly rise of 60.83% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 900.70M and boasts a workforce of 3038 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.23, with a change in price of +1.58. Similarly, VNET Group Inc ADR recorded 1,100,579 in trading volume during the last 100 days, posting a change of +82.72%.
How VNET’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for VNET stands at 2.63. Similarly, the long-term debt-to-equity ratio is also 2.19.
VNET Stock Stochastic Average
As of today, the raw stochastic average of VNET Group Inc ADR over the last 50 days is at 87.25%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 84.24%. Further, the company’s Stochastic %K and %D values for the last 20 days were 92.04% and 95.24%, respectively.
VNET Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 21.60%. However, over the past six months, we’ve seen a weaker performance of 114.77%. The price of VNET fallen by 67.79% over the last 30 days. And in the last five days, it has surged by 16.72%.
