What happened with GSX stock?
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.
Is GSX a good stock to buy?
The Goldman Sachs Group is very positive about GSX and gave it a “Sell – Buy” rating on May 03, 2021. The price target was changed from $70.00 to $60.00.
What does Gotu company do?
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.
Is GSX undervalued?
Gaotu Techedu retains a regular Real Value of $32.24 per share. The prevalent price of the firm is $27.08. At this time, the firm appears to be undervalued….32.24.
| Lower | Middle Band | Upper |
|---|---|---|
| 26.29 | 27.51 | 28.73 |
How can I invest in GSX?
How to buy GSX Techedu Inc stock on Stash
- Enter the amount you’d like to invest in GSX Techedu Inc stock, then proceed to checkout.
- Choose a Stash plan and set up your investment account in just a few minutes.
- Once you’ve finished your account, your GSX Techedu Inc shares will be added to your new portfolio.
How is Vipkid doing financially?
After the Series E fundraising, the company is valued at $4.5 billion. However, the company has always had a profit problem. According to The Information, the company’s net loss reached 2.2 billion yuan ($31 million), although its revenue increased to 3 billion yuan ($43 million) by the first ten months of 2018.
Is GSX an ADR?
ADR (GSX) Company Bio. GSX Techedu, Inc. is a technology-driven education company. Its core expertise is in online K-12 courses, and online K-12 large-class after-school tutoring service provider in China.
Is China shutting down VIPKid?
Online education giant VIPKid, a Beijing-based tutoring platform that has raised $1.1 billion in capital since its founding and was at one point valued at over $3 billion, will end its flagship education program in China by early next month.
Is VIPKid going global?
The VIPKid global platform was announced via email on October 7, 2021. We’re thrilled to officially announce that VIPKid is expanding to a truly global classroom for students in countries all over the world as we maintain our mission to build a global classroom and inspire and empower every child for the future.
Is 51Talk banned in China?
However, China’s Ministry of Education recently issued a document stating that “the employment of foreign personnel inside the borders of the PRC must comply with the relevant regulations, and the employment of overseas-based teachers to carry out training activities is strictly prohibited.” 51Talk, like its rival …
Can foreign teachers teach in China?
Required Qualifications to Teach in China If you do not have a passport from a native English speaking country (U.S., U.K., Australia, New Zealand, Canada, South Africa), you can teach in China if you have two years of teaching experience and are a certified teacher in your home country.