A Peek At What ZW Data Action Technologies Inc. (CNET) Insiders Are Doing

ZW Data Action Technologies Inc. (NASDAQ:CNET) saw an upside of 3.39% to close Tuesday at $1.22 after adding $0.04 on the day. The 5-day average trading volume is 7,727,140 shares of the company’s common stock. It has gained $1.4300 in the past week. An average of 2,048,345 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,059,752.

CNET’s 1-month performance is -8.27% or -$0.1500 on its low of $1.1257 reached on 10/05/21. The company’s shares have touched a 52-week low of $1.13 and high of $6.19, with the stock’s rally to the 52-week high happening on 02/17/21. YTD, CNET has lost -9.63% or -$0.1300. However, the current price is down -80.29%% from the 52-week high price.


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Valuation Metrics

ZW Data Action Technologies Inc. (CNET) has a trailing price-to-earnings (P/E) ratio of 19.30 for the broader industry and 30.14 for the sector.CNET stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.92 while the price-to-book (PB) in the most recent quarter is 1.88.

ZW Data Action Technologies Inc.’s quick ratio for the recent quarter was 1.80, with the current ratio over the same period at 1.80 meaning that CNET stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is -3.20%. The trailing 12-month EBITDA margin is -12.57% while ZW Data Action Technologies Inc.’s operating margin was -26.80%. The firm’s gross profit as reported stood at $0.63 million against revenue of $38.41 million.

Earnings Surprise

Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$8.05 million. CNET stock balance sheet for the recent quarter shows that total liabilities totaled 15.56 million, with total debt at $2.3 million. Shareholders hold equity totaling $35.33 million

Technical Picture

Let’s look briefly at ZW Data Action Technologies Inc. (CNET) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 45.79% to suggest the stock is trending Neutral, with historical volatility in this time period at 63.18%.

The stock’s 5-day moving average is $1.2040, reflecting a +7.02% or $0.0800 change from its current price. CNET is currently trading -8.27% above its 20-day SMA, -26.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -23.27% and -3.17% respectively.

Stochastic %K and %D was 28.80% and 28.65% and the average true range (ATR) pointed at 0.0975. The RSI (14) points at 42.73%, while the 14-day stochastic is at 30.99% with the period’s ATR at 0.0922. The stock’s 9-day MACD Oscillator is pointing at 0.0178 and -0.0145 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for ZW Data Action Technologies Inc. (NASDAQ: CNET), Ladenburg Thalmann launched coverage with a Buy rating. Analysts offering their rating for CNET stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate CNET as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is CNET’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $6.25 and a high of $6.25, with their median price target at $6.25. Looking at these predictions, the average price target given by analysts is for ZW Data Action Technologies Inc. (CNET) stock is $6.25.

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