Moreover, the 36-month beta value for CNET is 0.52. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CNET is 5.98M and currently, short sellers hold a 3.52% of that float. On September 30, 2024, CNET’s average trading volume was 136.97K shares.
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CNET) stock’s latest price update
The stock of ZW Data Action Technologies Inc (NASDAQ: CNET) has increased by 25.78 when compared to last closing price of 0.64. Despite this, the company has experienced a 57.29% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-25 that BEIJING, Sept. 25, 2024 (GLOBE NEWSWIRE) — ZW Data Action Technologies Inc. (Nasdaq: CNET) (“ZW Data” or the “Company”), an integrated online advertising, precision marketing, data analytics, and other value-added services company, announced today that its Board of Directors has approved a reverse stock split of its common stock, par value $0.001 per share (the “Common Stock”) at a ratio of 1-for-4 (the “Reverse Stock Split”). The Reverse Stock Split will take effect on September 30, 2024, and the shares of the Company will trade on a post-split basis on Nasdaq under the Company’s existing trading symbol “CNET,” at the market open on September 30, 2024, upon Nasdaq’s approval. The new CUSIP number following the Reverse Stock Split will be 98880R 307.
CNET’s Market Performance
ZW Data Action Technologies Inc (CNET) has experienced a 57.29% rise in stock performance for the past week, with a 31.90% rise in the past month, and a 5.92% rise in the past quarter. The volatility ratio for the week is 31.40%, and the volatility levels for the past 30 days are at 18.09% for CNET. The simple moving average for the last 20 days is 47.62% for CNET stock, with a simple moving average of -3.54% for the last 200 days.
Analysts’ Opinion of CNET
Many brokerage firms have already submitted their reports for CNET stocks, with Ladenburg Thalmann repeating the rating for CNET by listing it as a “Buy.” The predicted price for CNET in the upcoming period, according to Ladenburg Thalmann is $7 based on the research report published on February 22, 2011 of the previous year 2011.
CNET Trading at 22.50% from the 50-Day Moving Average
After a stumble in the market that brought CNET to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.11% of loss for the given period.
Volatility was left at 18.09%, however, over the last 30 days, the volatility rate increased by 31.40%, as shares surge +32.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.62% upper at present.
During the last 5 trading sessions, CNET rose by +57.29%, which changed the moving average for the period of 200-days by -16.58% in comparison to the 20-day moving average, which settled at $0.5553. In addition, ZW Data Action Technologies Inc saw -3.01% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CNET
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- -0.02 for the gross margin
The net margin for ZW Data Action Technologies Inc stands at -0.18. The total capital return value is set at -0.62. Equity return is now at value -59.84, with -33.18 for asset returns.
Based on ZW Data Action Technologies Inc (CNET), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -9.83. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 0.58.
Currently, EBITDA for the company is -3.13 million with net debt to EBITDA at 0.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.23. The receivables turnover for the company is 6.89for trailing twelve months and the total asset turnover is 2.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.73.
Conclusion
To wrap up, the performance of ZW Data Action Technologies Inc (CNET) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
