GDS (NASDAQ:GDS) Reaches New 1-Year High – What’s Next?

GDS Holdings Limited (NASDAQ:GDS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $41.97 and last traded at $40.85, with a volume of 211673 shares traded. The stock had previously closed at $39.14.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GDS. Royal Bank of Canada reaffirmed an “outperform” rating and set a $26.00 price objective on shares of GDS in a research report on Wednesday, January 29th. Citizens Jmp raised GDS to a “strong-buy” rating in a research report on Monday, January 27th. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. StockNews.com raised GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, JMP Securities began coverage on GDS in a research report on Monday, January 27th. They set an “outperform” rating and a $35.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $22.60.

GDS Stock Up 5.9 %

The firm has a 50-day moving average of $24.29 and a 200 day moving average of $20.70. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of -13.66 and a beta of 0.12.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GDS. Blue Trust Inc. boosted its position in GDS by 1,558.3% during the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after purchasing an additional 2,353 shares during the last quarter. Signaturefd LLC raised its stake in GDS by 17.3% in the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after buying an additional 1,215 shares during the period. Macroview Investment Management LLC bought a new stake in GDS in the third quarter valued at approximately $275,000. abrdn plc raised its stake in GDS by 11.3% in the third quarter. abrdn plc now owns 265,500 shares of the company’s stock valued at $5,416,000 after buying an additional 26,900 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in GDS in the third quarter valued at approximately $544,000. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.