While Gaotu Techedu Inc ADR has underperformed by -5.38%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GOTU rose by 23.55%, with highs and lows ranging from $8.44 to $2.22, whereas the simple moving average fell by -41.55% in the last 200 days.
On August 27, 2024, Citigroup Downgraded Gaotu Techedu Inc ADR (NYSE: GOTU) to Sell. A report published by CLSA on February 28, 2024, Upgraded its rating to ‘Outperform’ for GOTU. Citigroup also Upgraded GOTU shares as ‘Buy’, setting a target price of $4.50 on the company’s shares in a report dated January 03, 2024. China Renaissance November 24, 2023d its ‘Buy’ rating to ‘Hold’ for GOTU, as published in its report on November 24, 2023. CLSA also rated the stock as ‘Outperform’.
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Analysis of Gaotu Techedu Inc ADR (GOTU)
Further, the quarter-over-quarter increase in sales is 39.21%, showing a positive trend in the upcoming months.
One of the most important indicators of Gaotu Techedu Inc ADR’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -20.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.46, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and GOTU is recording 2.72M average volume. On a monthly basis, the volatility of the stock is set at 7.94%, whereas on a weekly basis, it is put at 5.76%, with a loss of -7.72% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.12, showing growth from the present price of $2.99, which can serve as yet another indication of whether GOTU is worth investing in or should be passed over.
How Do You Analyze Gaotu Techedu Inc ADR Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.06%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 38.26% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GOTU shares are owned by institutional investors to the tune of 38.26% at present.
