Gaotu Techedu Inc ADR (NYSE: GOTU) – Time For Strategy Change?

Gaotu Techedu Inc ADR (NYSE:GOTU) currently has a daily average trading volume of 1.87M but it saw 860269 shares traded in last market. With a market cap of 643.50M USD, the company’s current market price of $4.35 came falling about -5.84 while comparing to the previous closing price of $4.62. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.44 and as low as $2.22. In the recent trading on the day, stock has struck highest price mark of $4.3 while lowest mark touched by it was $4.57.

Taking a look at 20-day trading activity of Gaotu Techedu Inc ADR (GOTU) gives us an average price of $4.66, while its current price level is -48.43% below from 52-week high level whereas it is 95.95% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.95 while that of 200 days or SMA-200 reads an average of $5.01. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.67% during that period while stretching the period over a month that increases to 6.74%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.78 which implies that the stock is in neutral territory.

Citigroup upgraded its recommendation for the stock as a “Buy” from “Sell” on January 03, 2024 while assigning a price target of $4.50.

Over the week, GOTU’s stock price is moving -4.61% down while it is -12.65% when we observe its performance for the past one month. Year-to-date it is 20.17% up and over the past year, the stock is showing an upside performance of 35.09%.

Currently, Gaotu Techedu Inc ADR’s total number of outstanding shares is 147.93M. Company’s return on investment (ROI) stands at -3.96% and return on equity (ROE) at -4.04%. Stock’s beta reads 0.02. Stock has a price to book (P/B) ratio of 2.59 while price to sale or P/S ratio amounts to 1.44. Its return on asset (ROA) is -2.54% on average.