Estimating Price Trends For Gaotu Techedu Inc ADR (NYSE: GOTU)

Gaotu Techedu Inc ADR (NYSE:GOTU) does about 2.37M shares in volume on a normal day but saw 1863471 shares change hands in Monday trading. The company now has a market cap of 792.90M USD. Its current market price is $5.36, marking an increase of 3.28% compared to the previous close of $5.19. The 52 week high reached by this stock is $8.44 whilst the lowest price level in 52 weeks is $2.22.

Gaotu Techedu Inc ADR (GOTU) has a 20-day trading average at $5.07 and the current price is -36.46% off the 52-week high compared with 141.44% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.10 and its 200-day simple moving average is $4.72. If we look at the stock’s price movements over the week, volatility stands at 8.70%, which decreases to 5.93% 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 48.88 to suggest the stock is neutral.

The consensus objective for the share price is $9.10, suggesting that the stock has a potential upside of 41.1% over the period.

Citigroup also upgraded the stock to “Buy” from Sell on January 03, 2024 at a price target of $4.50.

Gaotu Techedu Inc ADR (GOTU) stock is up 9.39% over the week and -2.37% over the past month. Its price is 48.07% year-to-date and 92.81% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of -0.06 above consensus estimates by 0.01. The company’s next earnings report forecasts estimating quarterly EPS at -0.14 and -0.18 for whole year. Expected sales for next quarter are $180.02M, which analysts say will come at $627.25M for the current fiscal year and next year at $905.14M. In addition, estimates put the company’s current quarterly revenue at an average of $128.93M.

To reach the target analysts have set, the stock logically needs to grow 41.1 percent from here.

The company has a return on investment of -3.96% and return on equity of -4.04%. The beta has a value of -0.01. Price to book ratio is 3.19 and price to sales ratio is 1.78.