GDS (NASDAQ:GDS) Upgraded by Zacks Investment Research to Hold

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GDS stock has undergone multiple analysts rating changes in the recent past.  GDS Upgraded by Zacks Investment Research on 10/19/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Sell.

Shares of GDS traded up $4.18 on Tuesday, reaching $63.08. 1659686 shares of the stock traded hands, compared to its average volume of 982297. Shares of GDS were trading at $63.08 on Tuesday. The firm’s 50 day moving average is $57.92 and its 200 day moving average is $77.83.GDS has a 12 month low of $59.64 and a 12 month high of $116.76. While on yearly highs and lows, GDS’s today has traded high as $63.57 and has touched $59.64 on the downward trend. See More Analyst Rating at: RATING

GDS Earnings and What to expect: 

GDS last released its quarterly earnings results on August 16th, 2021. The reported ($1.79) earnings per share for the quarter, missing the consensus estimate of ($0.19) by $1.60. The business earned $1.86 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Its revenue was up 38.9% compared to the same quarter last year. GDS has generated ($0.72) earnings per share over the last year (($1.00) diluted earnings per share). Earnings for GDS are expected to grow in the coming year, from ($0.72) to ($0.27) per share. GDS has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, November 15th, 2021 based off prior year’s report dates.

Earnings for GDS are expected to grow in the coming year, from ($0.72) to ($0.27) per share. The P/E ratio of GDS is -63.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of GDS is -63.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. GDS has a P/B Ratio of 2.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

GDS (NASDAQ:GDS) Moving Average Technical Analysis

5 day Moving Average is $59.38 And 5 day price change is $6.39 (11.27%)  with average volume for 5 day average is 918,300. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $57.77 and 20 day price change is $5.83 (10.18%) and average 20 day moving volume is 885,295. 50 day moving average is $57.92  and 50 day price change is $3.21 ( 5.36%)  and with average volume for 50 days is : 1,524,088. 200 day moving average is $77.83  and 200 day price change is -$30.78 (-32.79%)  and with average volume for 200 days is : 1,512,578.

Other owners latest trading in GDS :

  • On 10/19/2021 shares held by Paragon Capital Management Ltd were 4,512 which equates to market value of $0.26M and appx 0.00% owners of GDS
  • On 10/19/2021 shares held by Pinnacle Associates Ltd. were 73,371 which equates to market value of $4.15M and appx 0.10% owners of GDS
  • On 10/15/2021 shares held by Pacer Advisors Inc. were 1,033,701 which equates to market value of $58.52M and appx 0.70% owners of GDS
  • In total Institutional ownership equates to Institutional Ownership Percentage: 56.27% for GDS

See More Analyst Rating at: RATING