GSX Techedu Inc. (NYSE:GSX) does about 5.68M shares in volume on a normal day but saw 4183442 shares change hands in Tuesday trading. The company now has a market cap of 22.70B USD and an enterprise value of about $19.38B. Its current market price is $94.69, marking an increase of 10.88% compared to the previous close of $85.40. The 52 week high reached by this stock is $141.78 whilst the lowest price level in 52 weeks is $11.72. The script in recent trading has seen the stock touch a high of $95.4596 and a low of $88.39.
GSX Techedu Inc. (GSX) has a 20-day trading average at $94.06 and the current price is -33.21% off the 52-week high compared with 707.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $83.60 and its 200-day simple moving average is $46.06. If we look at the stock’s price movements over the week, volatility stands at 6.60%, which increases to 10.07% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.41 to suggest the stock is neutral.
10 analysts observing the GSX Techedu Inc. (GSX) stock have set the 12-month price targets for the company’s shares at between $276.32 and $800.40. The consensus objective for the share price is $73.70, suggesting that the stock has a potential downside of -28.48% over the period. The median price target is 83.05% away from the current levels at $558.77.
FactSet Research has provided data showing that 10 brokerages have issued ratings for the stock. 2 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 7 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 10, 2020 when Citigroup downgraded the stock to “Sell” and issued a price target of $115. Deutsche Bank also downgraded the stock to “Hold” from Buy on July 27, 2020 at a price target of . Barclays downgraded its price target at $76.
The current price level is 0.10%, 14.32%, and 107.39% away from its SMA20, SMA50, and SMA200 respectively, with the GSX price moving above the 50-day SMA on September 01. GSX Techedu Inc. (GSX) stock is up 7.66% over the week and -2.81% over the past month. Its price is 333.17% year-to-date and 588.65% over the past year.
The stock last released its quarterly earnings report for quarter ended 3/30/2020, with the company’s earnings per share (EPS) of $0.76 above consensus estimates by $0.19. The company’s next earnings report is expected on 09/02/2020, with forecasts estimating quarterly EPS at $0.06 and $0.43 for whole year. GSX’s earnings per share are forecast to grow by 152.90% this year and 100.00% over next year. Expected sales for next quarter are $273.17 million, which analysts say will come at $1.04 billion for the current fiscal year and next year at $1.8 billion. In addition, estimates put the company’s current quarterly revenue at an average of $233.32 million.
Its 12-month price target is $558.77. To reach the target analysts have set, the stock logically needs to shrink -28.48 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $276.32, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $800.40.
Outstanding shares total 238.67M with insiders holding 0.00% of the shares and institutional holders owning 39.52% of the company’s common stock. The company has a return on investment of 12.80%. The price to earnings ratio (P/E ratio) amounts to 498.37 while the forward price to earnings ratio is 16.16. Price to book ratio is 90.18 and price to sales ratio is 49.78.
According to a U.S. Securities and Exchange Commission filing, Morgan Stanley Invt Fds – Asia has reduced its position in GSX Techedu Inc. (GSX) to 1,408,077 shares, mirroring a recent drop by -27.20%. Morgan Stanley Invt Fds – Asia dumped -0.53 million shares of GSX Techedu Inc. common stock bringing its total worth to about $125.49 million at the end of recent close, SEC documents show. Morgan Stanley Invt Fds – Asia isn’t the only investment manager who changed stakes and is followed by Virtus KAR Mid Cap Growth Fund, which added 0.33 million shares to end up with 1,235,182 shares worth $110.08 million.