Gaotu Techedu Inc ADR (NYSE: GOTU) stock jumped 4.14% on Monday to $2.77 against a previous-day closing price of $2.66. With 2.18 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.84 million shares. During the session, the Education & Training Services company that operates in wider Consumer Defensive sector, reached to the highest price of $2.8100 whereas the lowest price it dropped to was $2.6800. The 52-week range on GOTU shows that it touched its highest point at $5.49 and its lowest point at $0.95 during that stretch. It currently has a 1-year price target of $3.90. Beta for the stock currently stands at -0.34.
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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 13.06%, but this was up by 13.52% over a month. Three-month performance dropped to -6.73% while six-month performance fell -5.78%. The stock gained 151.82% in the past year, while it has gained 17.37% so far this year. A look at the trailing 12-month EPS for GOTU yields 0.10 with Next year EPS estimates of 0.19.
Float and Shares Shorts:
At present, 152.10 million GOTU shares are outstanding with a float of 152.01 million shares on hand for trading. On Oct 12, 2023, short shares totaled 6.53 million, which was 2.49% higher than short shares on Sep 14, 2023. 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 32.33% of GOTU’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.32% of GOTU, in contrast to 17.50% held by mutual funds. As the largest shareholder in GOTU with 3.01% of the stake, The Vanguard Group, Inc. holds 4,492,640 shares worth 4,492,640. A second-largest stockholder of GOTU, Harvest Fund Management Co., Ltd., holds 4,464,561 shares, controlling over 2.99% of the firm’s shares. Acadian Asset Management LLC is the third largest shareholder in GOTU, holding 4,445,239 shares or 2.98% stake. With a 1.33% stake in GOTU, the Vanguard Emerging Markets Stock I is the largest stakeholder. A total of 1,979,014 shares are owned by the mutual fund manager. The Vanguard Total International Stoc, which owns about 1.26% of GOTU stock, is the second-largest Mutual Fund holder. It holds 1,888,038 shares valued at 4.23 million. Vanguard Institutional Total Intl holds 0.57% of the stake in GOTU, owning 850,575 shares worth 1.91 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GOTU since 0 analysts follow the stock currently. 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 $34.38 and a low target of $24.06, the average target price over the next 12 months is $28.26. Based on these targets, GOTU could surge 1141.16% to reach the target high and rise by 768.59% to reach the target low. Reaching the average price target will result in a growth of 920.22% from current levels.
