GDS Stock Summary and Trading Ideas (GDS Holdings Limited - American Depositary Shares | NASDAQ:GDS)

GDS Holdings started as an IT service provider in 2001 then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. It has aggressively raised capital over the past four years for expansion. Its data centers are located predominantly in and around the Tier 1 cities in China and it has also started an expanding into Southeast Asia. GDS listed on the NASDAQ in 2016 and completed a secondary listing in Hong Kong in 2020.

GDS Holdings Limited - American Depositary Shares trades on the NASDAQ stock market under the symbol GDS.

As of April 23, 2024, GDS stock price climbed to $6.77 with 1,308,046 million shares trading.

GDS has a beta of 2.28, meaning it tends to be more sensitive to market movements. GDS has a correlation of 0.13 to the broad based SPY ETF.

GDS has a market cap of $1.29 billion. This is considered a Small Cap stock.

Last quarter GDS Holdings Limited - American Depositary Shares reported $360 million in Revenue and -$.13 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.20.

In the last 3 years, GDS stock traded as high as $87.69 and as low as $5.01.

The top ETF exchange traded funds that GDS belongs to (by Net Assets): SRVR, DTCR, VPN, PGJ, IVES.

GDS stock has underperformed the market in the last year with a return of -57.9%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GDS shares. However, GDS has outperformed the market in the last 3 month and 2 week periods, returning +15.7% and +0.1%, while SPY returned +4.9% and -2.5%, respectively. This indicates GDS has been having a stronger performance recently.

GDS support price is $6.28 and resistance is $6.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GDS stock will trade within this expected range on the day.