GSX plunged Friday after a block of 12.8 million shares was offered by Morgan Stanley, according to a Bloomberg report. Potentially new more stringent online tutoring rules in China may have also helped contribute to the decline. GSX short interest is 34% of the float.
Who sold GSX stock in the last quarter?
GSX stock was sold by a variety of institutional investors in the last quarter, including Simplex Trading LLC, IMC Chicago LLC, Cutler Group LP, and XR Securities LLC.
How much did (GSX) raise from its IPO?
(GSX) raised $208 million in an IPO on Thursday, June 6th 2019. The company issued 19,800,000 shares at a price of $9.50-$11.50 per share. Credit Suisse and Deutsche Bank Securities acted as the underwriters for the IPO and Barclays and CLSA were co-managers.
What is GSX techedu's stock symbol?
GSX Techedu trades on the New York Stock Exchange (NYSE) under the ticker symbol "GSX." Who are GSX Techedu's major shareholders? GSX Techedu's stock is owned by a variety of retail and institutional investors.
What is the upside from GSX techedu's current price?
The company's average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating. According to analysts' consensus price target of $60.40, GSX Techedu has a forecasted upside of 2,670.6% from its current price of $2.18.
How much of GSX is fabricated?
When did Grizzly Research report GSX?
About this website
Is GSX a good stock?
Community Sentiment. GSX Techedu has received 59.63% “outperform” votes from our community.
Why is Gaotu down?
Gaotu has been shutting down education centers and laying off about a third of its staff to conserve its cash. However, it ended the quarter with just 5.49 billion yuan ($849 million) in cash, cash equivalents, restricted cash, and investments, down from 8.22 billion yuan ($1.27 billion) at the end of 2020.
Why did gaotu Techedu stock drop?
Following the crackdown on Chinese tutoring stocks last year as the Chinese government banned them from making a profit on most of their tutoring services directed at children, Gaotu Techedu is down a whopping 98.5% from its peak roughly a year ago.
Is GSX undervalued?
That valuation suggests that GSX Techedu is ridiculously undervalued, so why isn't it trading much higher?
Will Gaotu go back up?
On average, Wall Street analysts predict that GAOTU TECHEDU's share price could reach $3.05 by Jul 26, 2022. The average GAOTU TECHEDU stock price prediction forecasts a potential upside of 48.06% from the current GOTU share price of $2.06.
Who is buying Gotu stock?
Top 10 Owners of Gaotu Techedu IncStockholderStakeShares bought / soldCredit Suisse International (Inve...1.55%+120,917Krane Funds Advisors LLC1.48%+677,487BlackRock Fund Advisors1.38%-2,633HSBC Global Asset Management (UK)...1.23%-9,7446 more rows
Is Gotu stock a buy?
Gaotu Techedu Inc (NYSE:GOTU) The 2 analysts offering 12-month price forecasts for Gaotu Techedu Inc have a median target of 1.62, with a high estimate of 2.00 and a low estimate of 1.23. The median estimate represents a +23.50% increase from the last price of 1.31.
What does Gaotu Techedu do?
Profile. Gaotu Techedu Inc, formerly GSX Techedu Inc, is a China-based holding company principally involved in the provision of technology-driven education services. Through its subsidiaries, the Company is engaged in the provision of online K-12 after-school tutoring services.
How do you buy stocks on wish?
How and Where To Buy Wish Stock. If you want to buy ContextLogic Inc. stock, sign up to make an account on a trading platform and enter the requested personal information to open your brokerage account. Then you can buy the number of shares you want. The company operates under the ticker WISH.
How do I invest in GSX?
How to buy shares in GSX TecheduCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Is GSX an ADR?
Gsx Techedu Inc ADR (GSX)
Is Vipkid a publicly traded company?
VIPKid, also known as VIPKID, is an online teaching and education company....VIPKid.TypePrivateIndustryEducation, Online Education, Educational technology servicesFoundedOctober 2013FoundersCindy Mi, Jessie Chen, and Victor ZhangHeadquartersChina2 more rows
How were GSX Techedu's earnings last quarter?
GSX Techedu Inc. (NYSE:GSX) issued its quarterly earnings data on Thursday, March, 4th. The company reported ($2.29) earnings per share (EPS) for t...
Who are GSX Techedu's key executives?
GSX Techedu's management team includes the following people: Mr. Xiangdong Chen , Chairman & CEO (Age 49) Ms. Nan Shen , Chief Financial Office...
Who are some of GSX Techedu's key competitors?
Some companies that are related to GSX Techedu include Strategic Education (STRA) , Stride (LRN) , Adtalem Global Education (ATGE) , Afya (AFYA...
What other stocks do shareholders of GSX Techedu own?
Based on aggregate information from My MarketBeat watchlists, some companies that other GSX Techedu investors own include Advanced Micro Devices (...
When did GSX Techedu IPO?
(GSX) raised $208 million in an initial public offering (IPO) on Thursday, June 6th 2019. The company issued 19,800,000 shares at a price of $9.50-...
What is GSX Techedu's stock symbol?
GSX Techedu trades on the New York Stock Exchange (NYSE) under the ticker symbol "GSX."
What is GSX Techedu's stock price today?
One share of GSX stock can currently be purchased for approximately $1.79.
How much money does GSX Techedu make?
GSX Techedu (NYSE:GSX) has a market capitalization of $427.03 million and generates $303.78 million in revenue each year. The company earns $32.56...
How many employees does GSX Techedu have?
GSX Techedu employs 6,435 workers across the globe.
Citi spins on a dime and downgrades to sell
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of Chinese online after-school tutoring stock Gaotu Techedu ( NYSE:GOTU), which changed its name from "GSX Techedu" last week, closed down 9% on Friday after investment bank Citigroup downgraded the stock all the way from buy to sell.
So what
According to Citi, Chinese news site Xinhua Net quoted Chinese President Xi Jinping commenting that "students should not rely for their studies on after-school tutoring."
Now what
The next steps, warns Citi in a note covered today on TheFly.com, could be for Chinese regulators to impose controls on "excessive capitalization," put caps on pricing, ban advertising of tutoring services, and perhaps even restrict tutoring sessions to weekends and holidays.
About GSX Techedu
GSX Techedu Inc., a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science.
GSX Techedu (NYSE:GSX) Frequently Asked Questions
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GSX Techedu in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" GSX Techedu stock.
Could the company be headed for a massive loss?
I've been a contributor with the Motley Fool since 2019 and it's been a supreme joy to try to help make the world a little smarter, happier, and richer every day. What's great about exploring business and the economy is the insight it gives you into how things are in the world.
What happened
There are two things happening with Chinese education platform GSX Techedu ( NYSE:GOTU) today. First, the stock was downgraded by an analyst at Credit Suisse.
So what
Credit Suisse analyst Alex Xie believes the online-education space in China is getting more competitive, according to The Fly. With more competition, the chance for organic sales growth goes down, in theory. So if that plays out, one would expect GSX Techedu's revenue growth to slow or for the company to increase its advertising budget.
Now what
In my opinion, GSX Techedu stock is getting crushed more by the rumor than the downgrade. However, I would give Xie's opinion more weight in making an investment decision. Rumors are just that -- rumors. As a long-term investor, I advocate for taking more tangible factors into account.
How much of GSX is fabricated?
On Apr. 14, 2020, Citron Research published its own cutting report, charging that GSX fabricated up to 70% of its revenues. According to Citron, GSX's Chinese financials and SEC financials are irreconcilable and show a 75% overstatement of net profits for FY 2017 - 2018 alone.
When did Grizzly Research report GSX?
Investors began to learn the truth on Feb. 25, 2020, when Grizzly Research published a scathing report, accusing GSX of "drastically overstating its profitability in its US public filings, especially for 2018.".
Fear mounts of government interference at TAL Education Group, GSX Techedu, and New Oriental Education
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
In a curious development, shares of three of China's best-known publicly traded education stocks -- TAL Education Group ( NYSE:TAL), New Oriental Education ( NYSE:EDU), and GSX Techedu ( NYSE:GOTU) -- are in freefall today. As of noon EDT on Friday, TAL stock is down 17.7%, New Oriental has fallen 20.4%, and GSX is down worst of all -- 21.4%.
So what
To find the answer you have to go back in time by a couple of weeks when news began filtering out on Bloomberg regarding Chinese authorities conducting snap inspections of after-school tutoring institutions.
Now what
That all changed today, however, when investment bank Jefferies reported that China may ban the use of online education for students below seven years of age, and may also ban online education companies from advertising in Chinese state-owned media.
Quick Reminder: Many Stock youtubers have financial incentive to keep you watching daily so they steer you toward short term trades
If they told you invest in an index fund or buy and hold the best of FAANG+MSFT/NVDA. There would be no reason to watch their videos daily. Or their market open and close live streams. The views are how they make their money. Meet Kevin for example makes millions each month off the views.
What is your plan to profit from Evergrande collapse?
Quick summary: Evergrande is a real-estate developer from China that has $305 billion of liabilities and cannot pay of their debt. They are not the only company though, other real-estate companies are also facing liquidity problems and it looks like the property bubble in China is collapsing.
Powell orders ethics review after Fed presidents disclosed multimillion-dollar investments
I'm sure Powell will make it so Fed presidents can't profit from their positions. /s
How would you manage 500k USD?
Imagine you get 500k USD. Assume it's all your net worth and you don't have other assets like property, just a job with a monthly income of $ 3,500 after taxes.
How much of GSX is fabricated?
On Apr. 14, 2020, Citron Research published its own cutting report, charging that GSX fabricated up to 70% of its revenues. According to Citron, GSX's Chinese financials and SEC financials are irreconcilable and show a 75% overstatement of net profits for FY 2017 - 2018 alone.
When did Grizzly Research report GSX?
Investors began to learn the truth on Feb. 25, 2020, when Grizzly Research published a scathing report, accusing GSX of "drastically overstating its profitability in its US public filings, especially for 2018.".
