QuantaSing Group Ltd ADR (NASDAQ:QSG) does about 974.34K shares in volume on a normal day but saw 1492189 shares change hands in the recent trading day. The company now has a market cap of 231.06M USD. Its current market price is $6.68, marking an increase of 19.50% compared to the previous close of $5.59. The 52 week high reached by this stock is $8.04 whilst the lowest price level in 52 weeks is $1.38. The script in recent trading has seen the stock touch a high of $1.72 and a low of $1.72.
The consensus objective for the share price is $5.80, suggesting that the stock has a potential downside of -15.17% over the period. The median price target is -288.37% 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 0.75%, 17.51%, and 104.09% 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 7.74% over the week and 1.98% over the past month. Its price is 209.26% year-to-date and 173.27% over the past year.
Its 12-month price target is $1.72. To reach the target analysts have set, the stock logically needs to shrink -15.17 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 17.09% of the shares and institutional holders owning 40.98% of the company’s common stock. The company has a return on investment of 62.66% and return on equity of 82.82%. The price to earnings ratio (P/E ratio) amounts to 5.96 while the forward price to earnings ratio is 24.15. The beta has a value of -1.38. Price to book ratio is 3.49 and price to sales ratio is 0.54.
