GSX Techedu Inc. (NYSE:GSX) is in the list of top stocks to trade today as the company shares are trading 6.29% or 1.85 points up from last closing price of $29.42, reaching $31.27 at last check. The GSX share price has risen in 5 of the last 5 days and is up 109.99% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -2,824,594 shares, and in total 998406 shares valued at $31.22 million were seen changing hands compared with 3.823 million shares valued at $112.473 million recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in GSX stock for the next couple of days.
GSX Techedu Inc. (GSX) shares have notched a 3-month gain of about 109.99%, but has still advanced 34.58% year to date. By comparison, the stock sank 0% over the past 12 months, while it jumped 43.58% over the 1 month. The company’s market cap is around $6.53B, with its short interest ratio standing at 6.67%.
In the current trading session for GSX, the stock witnessed two major price actions, it rose to a high of $31.39 and was down as much as $29.82 at one point. The high recorded is very low when compared to their 52-week high which is $8.53. The 52-week high is now at 2.17 distance from current price. Their recent low of $30.38 represents a 263.89% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for GSX is $137.39, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of GSX Techedu Inc. earned $0.03 per share in the trailing 12 months and has a P/E ratio of 1042.33. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 47.41 and higher compared to the sector’s average of 38.06. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. GSX also has P/S multiple of 35.3. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 1.21x.
GSX‘s last price was up 107.1% as compared to the average trading price of 50 days recorded at $15.1 while enlarging the period to 200 trading days, the average closing price was $19.98. At present, there are 221.83 million in the total number of common shares owned by the public and among those 138.39 million shares have been available to trade. The percentage of shares being held by the company management was 0% while institutions stake was 20%. The company has generated negative returns on equity over the last 12 months (0%). It managed to keep its gross profit margin at 70.8% over the past 12 months.
When assessing the full upside of the GSX stock, there is another set of technicals that should be looked into and considered. Its 31.67% gain from moving average of $23.75 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of GSX Techedu Inc. — 3 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $27.33 on shares of GSX Techedu Inc. (NYSE:GSX), which corresponds to 13.12% downside potential than its current market price of $31.27 and implies potential despite the recent advance in the price. However, their current target price has climbed from $21 a month ago and is up handily from the consensus target of $19.5 a quarter ago.