As this happened, Citigroup downgraded its Gaotu Techedu Inc ADR [GOTU] rating to a Sell from a a Buy in a research note published recently. A number of analysts have revised their coverage, including CLSA’s analysts, who increased its forecast for the stock in late February from “an Underperform” to “an Outperform”. Citigroup also remained covering GOTU and has increased its forecast on January 03, 2024 with a “Buy” recommendation from previously “Sell” rating. Goldman started covering the stock on November 24, 2023. It rated GOTU as “a Neutral”.
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Price Performance Review of GOTU
On Tuesday, Gaotu Techedu Inc ADR [NYSE:GOTU] saw its stock jump 0.51% to $3.94. Over the last five days, the stock has gained 29.18%. Gaotu Techedu Inc ADR shares have risen nearly 8.84% since the year began. Nevertheless, the stocks have risen 42.75% over the past one year. While a 52-week high of $8.44 was reached on 05/17/24, a 52-week low of $2.22 was recorded on 09/16/24. SMA at 50 days reached $3.76, while 200 days put it at $5.13.
Levels Of Support And Resistance For GOTU Stock
The 24-hour chart illustrates a support level at 3.80, which if violated will result in even more drops to 3.65. On the upside, there is a resistance level at 4.07. A further resistance level may holdings at 4.20. The Relative Strength Index (RSI) on the 14-day chart is 64.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.86%. Stochastics %K at 70.57% indicates the stock is a holding.
How much short interest is there in Gaotu Techedu Inc ADR?
A steep rise in short interest was recorded in Gaotu Techedu Inc ADR stocks on 2024-09-13, dropping by -0.46 million shares to a total of 8.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.44 million shares. There was a decline of -5.11%, which implies that there is a negative sentiment for the stock.
