|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||27.00 - 29.16|
|52 Week Range||23.09 - 149.05|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 05, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||70.63|
GSX Techedu (NYSE: GSX) has been a polarizing stock since its IPO in mid-2019. The Chinese online education company went public at $10.50 a share, then soared above $110 last August as stay-at-home measures boosted demand for its services.
Shares of GSX Techedu (NYSE: GSX) popped on Wednesday after an analyst completely changed their opinion about the company. According to The Fly, an analyst with Goldman Sachs raised their outlook for GSX Techedu stock. Now they recommend buying shares of this distance learning company operating in China.
Shares of GSX Techedu (NYSE: GSX) were 9% higher in midday trading Monday on no news that really should have caused the stock to rise. It filed its annual report with the Securities and Exchange Commission (it reported results back in early March) and announced it was changing its stock ticker symbol on the NYSE from GSX to GOTU. If nothing else, it is a curious market reaction to the company's SEC filing because it acknowledges its stock is often under attack from short-sellers like Muddy Waters, which contends most of the users of the Chinese distance-learning platform are robots.