QuantaSing Group Ltd ADR (NASDAQ:QSG) does about 104.65K shares in volume on a normal day but saw 9898716 shares change hands in the recent trading day. The company now has a market cap of 161.19M USD. Its current market price is $4.66, marking an increase of 25.27% compared to the previous close of $3.72. The 52 week high reached by this stock is $4.18 whilst the lowest price level in 52 weeks is $1.31. The script in recent trading has seen the stock touch a high of $1.72 and a low of $1.72.
QuantaSing Group Ltd ADR (QSG) has a 20-day trading average at $2.28 and the current price is 11.57% off the 52-week high compared with 255.75% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.93 and its 200-day simple moving average is $2.54. If we look at the stock’s price movements over the week, volatility stands at 32.38%, which decreases to 13.33% 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 80.19 to suggest the stock is overbought.
The consensus objective for the share price is $5.12, suggesting that the stock has a potential upside of 8.98% over the period. The median price target is -170.93% away from the current levels at $1.72.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 21, 2023 when Noble Capital Markets initiated the stock to “Outperform” and issued a price target of $10.
The current price level is 130.67%, 164.63%, and 97.29% away from its SMA20, SMA50, and SMA200 respectively, with the QSG price moving below the 50-day SMA on current market day. QuantaSing Group Ltd ADR (QSG) stock is up 115.44% over the week and 197.52% over the past month. Its price is 220.40% year-to-date and 130.33% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/30/2024, with the company’s earnings per share (EPS) of 0.07 above consensus estimates by 0.08. The company’s next earnings report forecasts estimating quarterly EPS at 0.06 and 0.6 for whole year. Expected sales for next quarter are $153.2M, which analysts say will come at $557.38M for the current fiscal year and next year at $582.84M. In addition, estimates put the company’s current quarterly revenue at an average of $135.5M.
Its 12-month price target is $1.72. To reach the target analysts have set, the stock logically needs to grow 8.98 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 $1.72, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $1.72.
Outstanding shares total 34.59M with insiders holding 22.04% of the shares and institutional holders owning 18.57% of the company’s common stock. The company has a return on investment of 72.55% and return on equity of 104.57%. The price to earnings ratio (P/E ratio) amounts to 4.91 while the forward price to earnings ratio is 10.24. The beta has a value of 0.27. Price to book ratio is 3.36 and price to sales ratio is 0.31.
