A new trading data show Gaotu Techedu Inc. (GOTU) is showing positive returns.

Gaotu Techedu Inc. (NYSE: GOTU) stock jumped 9.50% on Monday to $4.15 against a previous-day closing price of $3.79. With 9.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.44 million shares. During the session, the Education & Training Services company that operates in wider Consumer Defensive sector, reached to the highest price of $4.3800 whereas the lowest price it dropped to was $3.7703. The 52-week range on GOTU shows that it touched its highest point at $4.23 and its lowest point at $0.64 during that stretch. It currently has a 1-year price target of $2.43. Beta for the stock currently stands at -1.06.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GOTU was up-trending over the past week, with a rise of 8.92%, but this was up by 34.74% over a month. Three-month performance surged to 361.11% while six-month performance rose 126.78%. The stock gained 93.02% in the past year, while it has gained 75.85% so far this year. A look at the trailing 12-month EPS for GOTU yields 0.13 with Next year EPS estimates of 0.10.

Float and Shares Shorts:

At present, 258.77 million GOTU shares are outstanding with a float of 254.53 million shares on hand for trading. On Oct 13, 2022, short shares totaled 9.8 million, which was 3.79% higher than short shares on Sep 14, 2022. In addition to Mr. Xiangdong Chen as the firm’s Founder, Chairman & CEO, Ms. Nan Shen serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 15.08% of GOTU’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.60% of GOTU, in contrast to 17.61% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GOTU with 4.86% of the stake, Goldman Sachs & Co. LLC holds 7,243,939 shares worth 7,243,939. A second-largest stockholder of GOTU, The Vanguard Group, Inc., holds 4,652,087 shares, controlling over 3.12% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in GOTU, holding 4,579,689 shares or 3.07% stake. With a 1.35% stake in GOTU, the Vanguard Emerging Markets Stock I is the largest stakeholder. A total of 2,011,059 shares are owned by the mutual fund manager. The Vanguard Total International Stoc, which owns about 1.19% of GOTU stock, is the second-largest Mutual Fund holder. It holds 1,770,757 shares valued at 4.18 million. Vanguard FTSE All World holds 0.42% of the stake in GOTU, owning 629,192 shares worth 1.48 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GOTU since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GOTU analysts setting a high price target of $9.06 and a low target of $9.06, the average target price over the next 12 months is $9.06. Based on these targets, GOTU could surge 118.31% to reach the target high and rise by 118.31% to reach the target low. Reaching the average price target will result in a growth of 118.31% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GOTU will report FY 2022 earnings on 03/05/2024. Analysts have provided yearly estimates in a range of -$1.26 being high and -$1.26 being low. For GOTU, this leads to a yearly average estimate of -$1.26. Based on analyst estimates, the high estimate for the next quarter is -$2.14 and the low estimate is -$2.14. The average estimate for the next quarter is thus -$2.14.

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