Analysis Of The Weekly Performance Of ZW Data Action Technologies Inc. (CNET)

ZW Data Action Technologies Inc. (NASDAQ:CNET) finished Friday with a subtraction of -$0.05 to close at $1.34, a downside of -3.60 percent. An average of 680,320 shares of common stock have been traded in the last five days. There was a gain of $0.0600 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,259,920 shares traded, while the 50-day average volume stands at 1,113,060.

CNET stock has increased by 1.52% in the last month. The company shares reached their 1-month lowest point of $1.1257 on 10/05/21. With the stock rallying to its 52-week high on 02/17/21, shares of the company touched a low of $1.13 and a high of $6.19 in 52 weeks. It has reached a new high 6 times so far this year and lost -0.74% or -$0.0100 in price. In spite of this, the price is down -78.35% from the 52-week high.

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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 30.57 for the sector. The stock’s beta is 1.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.97, the price-to-book (PB) ratio at 2.06.

The quick ratio of ZW Data Action Technologies Inc. for the recent quarter was 1.80, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. ZW Data Action Technologies Inc.’s EBITDA margin is -12.57%, while its operating margin for the same period stands at -26.80%. Its gross profit as reported stood at $0.63 million compared to revenue of $38.41 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ZW Data Action Technologies Inc.’s return on assets was -17.30%. For the broader industry, ROE averaged 4.77 over the past year.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$3.65 million in the quarter, while revenues were grew 73.42%. Shareholders own equity worth $35.33 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ZW Data Action Technologies Inc. (CNET) price momentum. RSI 9-day as of the close on 22 October was 57.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 53.47%.

As of today, CNET’s price is $1.3560 +4.69% or $0.0600 from its 5-day moving average. CNET is currently trading +2.29% higher than its 20-day SMA and -29.84% lower than its 100-day SMA. However, the stock’s current price level is -16.25% below the SMA50 and -28.15% below the SMA200.

The stochastic %K and %D were 84.66% and 80.65%, respectively, and the average true range (ATR) was 0.0854. With the 14-day stochastic at 70.42% and the average true range at 0.0853, the RSI (14) stands at 53.95%. The stock has reached 0.0856 on the 9-day MACD Oscillator while the 14-day reading was at 0.1248.

Analyst Ratings

Ladenburg Thalmann launched coverage on ZW Data Action Technologies Inc. (NASDAQ: CNET) in its analyst report released on February 22, 2011. The firm assigned the stock a a Buy rating. The consensus rating for ZW Data Action Technologies Inc. (CNET) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CNET, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

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

Analysts predict a range of price targets between $6.25 and $6.25, with a median target of $6.25. Taking a look at these predictions, the average price target given by analysts for ZW Data Action Technologies Inc. (CNET) stock is $6.25.


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