In the July 5 trading session, GDS Holdings Ltd. ADR (NASDAQ: GDS) stock experienced a decline of 6.61% from its previous closing prices. It opened trading at $11.13, dipped to $10.50, hit a high of $11.13, and closed trading at $10.60, reflecting a majority of sellers in the market.
Last week, GDS stock prices decreased by 6.85%, and prices have declined by more than 35% in a quarter. In 52 weeks, the highest traded price of GDS Holdings Ltd. ADR (NASDAQ: GDS) was $33.14, and the lowest was $8.41.
GDS stock reflected a steep decline of 3.96% in pre-market compared to its closing price of July 5. However, the annual price target of the company’s stock is $19.03, which is 79.54% higher than the current trading prices.
In the last two trading sessions, the sellers constantly suppressed active buyers. In the past year, GDS stock has not reflected any positive movement. YTD prices are 51.17% less compared to the previous year.
According to technical indicators of TradingView, the ongoing movement of GDS stock might be a good opportunity for sellers. However, analysts’ ratings suggest buying more of the stock.
Recent News
As per the recent announcement of Wolf Haldenstein Adler Freeman & Herz LLP, a federal securities class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of investors who bought shares of GDS Holdings Ltd. ADR.
GDS Holdings Ltd. ADR (NASDAQ: GDS) Earnings & Revenue
In Q1 2023, GDS Holdings Ltd- ADR (NASDAQ: GDS) reported 2.57% less revenue than the estimated figures. The company was expected to report $359.93 million in revenue in the same quarter, but it reported only $350.67 million.
In Q1 2023, the company reported gross profit revenue of $55.68 Million, $22.59 Million of operating income, -$45.46 Million pretax income, and -$69.62 Million net income.
Forecasted revenue for Q2 and Q3 2023 is $340.87 million and $345.78 million, respectively. In contrast to the company’s revenue, earnings per share (EPS) of the company reflected an increase of 3.12% compared to the estimated amount.
As per available data, over 170 million GDP Shares are free-floating, and the remaining 12.1812 million shares are closely held by the company’s financial backers or the boards of directors.
The revenue-to-profit conversion of GDS Holdings Ltd- ADR (NASDAQ: GDS) constitutes 18% of gross profit, 47% of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), 6% of Earnings before interest and taxes (EBIT), and 16% net income.
Over 85% of its revenue is generated from Colocation Services, 14.74% from managing services and a few other sources. The company majorly leads its operations in the United States.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/07/06/buyers-losing-hope-as-gds-stock-heads-towards-52-week-low/