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.
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.
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.
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.