Sunday, June 26, 2022

Investing in Gaotu Techedu Inc. (GOTU) Is Getting More Attractive

CLSA upgraded its Gaotu Techedu Inc. [GOTU] rating to an Underperform from a a Sell in a research note published on Tuesday. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in late July from “a Neutral” to “a Sell”. CLSA also remained covering GOTU and has decreased its forecast on July 26, 2021 with a “Sell” recommendation from previously “an Underperform” rating. JP Morgan revised its rating on July 23, 2021. It rated GOTU as “an Underweight” which previously was an “a Neutral”.


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Price Performance Review of GOTU

On Tuesday, Gaotu Techedu Inc. [NYSE:GOTU] saw its stock fall -7.77% to $1.90. On the same session, the stock had its day’s lowest price of $1.865, but rose to a high of $2.11. Over the last five days, the stock has gained 15.15%. Gaotu Techedu Inc. shares have fallen nearly -2.06% since the year began. Nevertheless, the stocks have fallen -86.15% over the past one year. While a 52-week high of $15.92 was reached on 02/16/22, a 52-week low of $1.15 was recorded on 05/25/22. SMA at 50 days reached $1.53, while 200 days put it at $2.18. A total of 7.59 million shares were traded, compared to the trading of 7.91 million shares in the previous session.

Levels Of Support And Resistance For GOTU Stock

The 24-hour chart illustrates a support level at 1.81, which if violated will result in even more drops to 1.71. On the upside, there is a resistance level at 2.05. A further resistance level may holdings at 2.20. The Relative Strength Index (RSI) on the 14-day chart is 60.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.60%. Stochastics %K at 84.75% indicates the stock is a selling.

Gaotu Techedu Inc. [GOTU] – Who Are The Largest Shareholders?

In filings from Morgan Stanley & Co. LLC, it is revealed that the company now owns 6,569,139 shares, or roughly 4.49% of the outstanding GOTU shares. In other words, the investor’s shares have fallen by -9,132 from its previous 13-F filing of 6578271.0. Additionally, Goldman Sachs & Co. LLC decreased -37.94% of its stake after which the total value it holdings stand at $6,767,068, while The Vanguard Group, Inc. added 7.23% of its stake to hold $5.52 million in the firm. Over the last quarter, Renaissance Technologies LLC purchased 3,014,700 shares of Gaotu Techedu Inc., while Bank of America, NA bought 2,149,154 shares. At present, Franchise Capital Ltd. is holding 3,230,672 shares valued at $4.2 million. Credit Suisse International owned 2,262,701 shares of the company at the time of its most recent 13F filing, worth $2.94 million.

According to FactSet, Gaotu Techedu Inc.’s share price will average $13.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 547.09 percent from its previous closing price of $2.06. Analysts expect Gaotu Techedu Inc. stock to reach the higher price of $13.33, while the lowest price estimate is $13.33. However, 1 analysts have rated GOTU stock as an Underweight in their predictions for 2022.

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