MARKET

GSX

GSX

GSX Techedu
NYSE

Real-time Quotes | Nasdaq Last Sale

60.73
-0.47
-0.77%
After Hours: 60.30 -0.43 -0.71% 19:59 12/04 EST
OPEN
61.55
PREV CLOSE
61.20
HIGH
61.89
LOW
60.30
VOLUME
2.59M
TURNOVER
--
52 WEEK HIGH
141.78
52 WEEK LOW
17.74
MARKET CAP
14.48B
P/E (TTM)
-160.1952
1D
5D
1M
3M
1Y
5Y
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Analysis
Profile
Carson Blocks Insane Alpha Disappears in Bad Year for Shorts
(Bloomberg) -- Carson Block is having an unusually tough time betting against Chinese stocks.The famed short seller’s recent calls to unload shares of GSX Techedu Inc., TAL Education Group and Joyy Inc. have largely backfired after the stocks rallied following brief dips when his reports were first posted.“GSX, after we reported it, tripled,” Block said in an interview with Bloomberg Television. “There is clearly something wrong.”Block, founder of Muddy Waters Research, isn’t questioning his methods. He blames options traders, small floats and investors taking advantage of low volumes to push the Chinese stocks back up after his calls.The result has been a grim year of shorting China equities for Block, who earned his reputation following successful bets against companies like Noble Group Ltd., the commodities firm in Singapore, and Sino-Forest Corp., a Canada-based timber company that operated in China.GSX, the online education firm that Muddy Waters called out in May, soared more than 200% through August before paring some of its gains. TAL Education has almost doubled since Block announced his short position more than two years ago.GSX has said Muddy Waters doesn’t understand its business model. TAL Education called the report erroneous and deceptive.The trend is playing out again with Joyy, the streaming service that plunged 26% on Nov. 18 when Muddy Waters announced its short call. The stock is crawling back, down just 12% since before the call, eroding gains from Block’s short bet.Block said Joyy is a “fraud” that’s going to zero since 90% of the “gifters” who are allegedly paying for entertainment on Joyy’s servers are robots.“The reality is that the vast, vast, vast majority of the gifters are fake and the money is round tripped and recycled” Block said in an interview with Erik Schatzker.Joyy has said Block doesn’t understand the way streaming services work in China.“Muddy Waters’s report is full of ignorance about the live-streaming industry and the live-streaming ecosystem,” Joyy said in a statement. “The report contains a large number of errors with unclear logic, confusing data, and hasty generalizations.”Insane AlphaBlock says about 65% of the names he has shorted over the past decade have declined in the long term, generating added value, or alpha, for his clients. One of his notable winners this year was in China -- Luckin Coffee Inc. is down almost 90% since his January bet.“What we short generates pretty insane alpha,” he said, without elaborating on his returns. “This year, all bets are off.”He reiterated his call for the U.S. Securities & Exchange Commission to delist the Chinese firms that it can’t properly monitor.“This is China and the Chinese stock promotion, manipulation fraud machine laughing in the face of the SEC,” he said. “If they are ripping us off, then we need to delist. Otherwise this is a total joke and what’s the point of the market.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 11/24 11:10
BLNK, AYRO, KNDI and NNDM among midday movers
Gainers: Kaixin Auto (KXIN) +104%.FTS International (FTSI) +44%.Ayro (AYRO) +42%.Blink Charging (BLNK) +31%.Dada Nexus (DADA) +30%.Ideanomics (IDEX) +23%.Ra Medical Systems (RMED) +22%.SPI Energy (SPI) +21%.Canaan (CAN) +20%.Longview Acquisition (LGVW) +20%.Losers: Tantech (TANH) -54%.Naked Brand
Seekingalpha · 11/20 17:40
GSX Techedu slips 23% despite strong Q3 with 253% revenue growth, decent guidance
GSX Techedu ([[GSX]] -23.3%) reports Q3 results:Net revenues of RMB1,965.8M (+252.9% Y/Y), mainly driven by the growth in paid course enrollments for K-12 courses.Revenues of online K-12 courses increased 282.7% to RMB1,757.2M.Paid course enrollments increased 133.5% to
Seekingalpha · 11/20 15:24
Mid-Morning Market Update: Markets Open Lower; Foot Locker Profit Beats Expectations
Following the market opening Friday, the Dow traded down 0.35% to 29,379.36 while the NASDAQ fell 0.20% to 11,881.20. The S&P also fell, dropping 0.25% to 3,572.81.
Benzinga · 11/20 15:06
P/E Ratio Insights for GSX Techedu
Looking into the current session, GSX Techedu Inc. (NYSE: GSX) is trading at $56.76, after a 20.45% decrease. Over the past month, the stock fell by 15.49%, but over the past year, it actually spiked by 199.53%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 59.97%. View more earnings on GSXThe P/E ratio measures the current share price to the company's earnings per share. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. Most often, an industry will prevail in a particular phase of a business cycle, than other industries. Compared to the aggregate P/E ratio of 172.63 in the Diversified Consumer Services industry, GSX Techedu Inc. has a higher P/E ratio of 336.26. Shareholders might be inclined to think that GSX Techedu Inc. might perform better than its industry group. It's also possible that the stock is overvalued. Price to earnings ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors can become unable to attain key insights from trailing earnings.See more from Benzinga * Click here for options trades from Benzinga * Recap: GSX Techedu Q3 Earnings * Earnings Scheduled For November 20, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga · 11/20 14:50
GSX Techedu Earlier Reported Q3 EPS $(0.57) Misses $(0.31) Estimate, Sales $289.53M Beat $288.53M Estimate
GSX Techedu (NYSE:GSX) reported quarterly losses of $(0.57) per share which missed the analyst consensus estimate of $(0.31) by 83.87 percent. This is a 5800 percent decrease over earnings of $0.01 per share from the
Benzinga · 11/20 12:11
Recap: GSX Techedu Q3 Earnings
Shares of GSX Techedu (NYSE:GSX) decreased 13.7% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share decreased 5800.00% year over year to ($0.57), which missed the estimate of ($0.31).Revenue of $289,532,000 declined by 48.02% from the same period last year, which beat the estimate of $288,530,000.Outlook Q4 revenue expected between $305,762,000 and $311,653,000.How To Listen To The Conference Call Date: Nov 20, 2020View more earnings on GSXTime: 08:00 AMET Webcast URL: https://78449.choruscall.com/dataconf/productusers/gsx/mediaframe/41768/indexr.htmlTechnicals Company's 52-week high was at $141.78Company's 52-week low was at $14.21Price action over last quarter: down 21.77%Company Overview GSX Techedu Inc is a technology-driven education company with core expertise in online K-12 courses. Its K-12 courses cover all primary and secondary grades. It also offers foreign language, professional and interest courses. The company's segment includes provision of education services. It operates solely in the PRC and all assets are located in the PRC.See more from Benzinga * Click here for options trades from Benzinga * Earnings Scheduled For November 20, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga · 11/20 12:04
GSX Announces Third Quarter 2020 Unaudited Financial Results
, /PRNewswire/ -- GSX Techedu Inc. (NYSE: GSX) ("GSX" or the "Company"), a leading online K-12 large-class after-school tutoring service provider in , today announced its unaudited financial results for the third quarter ended .
PR Newswire - PRF · 11/20 05:01
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Learn about the latest financial forecast of GSX. Analyze the recent business situations of GSX Techedu through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
Analyst Rating

Based on 14 analysts

Hold

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average GSX stock price target is 67.32 with a high estimate of 102.69 and a low estimate of 38.26.
EPS
Institutional Holdings
Institutions: 208
Institutional Holdings: 84.58M
% Owned: 35.47%
Shares Outstanding: 238.44M
TypeInstitutionsShares
Increased
47
24.30M
New
75
-823.12K
Decreased
43
10.30M
Sold Out
0
0
  • Performance
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No Data
Key Executives
Chairman/Chief Executive Officer/Director
Xiangdong Chen
Chief Financial Officer
Nan Shen
Vice President
Wei Liu
Vice President
Xiuping Qi
Independent Director
Xin Fan
Independent Director
Yiming Hu
Independent Director
Ming Liao
  • Dividends
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About GSX
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. It also offers foreign language, professional and interest courses. The Company conducts its businesses in Mainland China.
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