What Can We Learn From ZW Data Action Technologies Inc. (CNET)’s Valuation Ratios?

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ZW Data Action Technologies Inc. (NASDAQ:CNET) traded with an addition of $0.18 to $1.14 on Thursday, an upside of 18.66 percent. An average of 741,475 shares of common stock have been traded in the last five days. There was a gain of $0.1450 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 651,589 shares traded, while the 50-day average volume stands at 598,616.

CNET stock has increased by 25.58% in the last month. The company shares reached their 1-month lowest point of $0.6349 on 09/02/22. With the stock rallying to its 52-week high on 08/10/22, shares of the company touched a low of $0.28 and a high of $1.63 in 52 weeks. It has reached a new high 5 times so far this year and lost -3.93% or $0.0550 in price. In spite of this, the price is down -30.06% from the 52-week high.

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Valuation Metrics

ZW Data Action Technologies Inc. (CNET) stock’s beta is 1.87. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.80, the price-to-book (PB) ratio at 1.75.

Financial Health

The quick ratio of ZW Data Action Technologies Inc. for the recent quarter was 2.70, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.01 for the recent quarter. Its gross profit as reported stood at $98000.0 compared to revenue of $47.33 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 -7.10%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$1.71 million in the quarter, while revenues were shrunk -113.45%. Shareholders own equity worth $35.83 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 21 September was 73.35%, suggesting the stock is Overbought, with historical volatility in this time frame at 164.56%.

As of today, CNET’s price is $0.9974 +15.93% or $0.1450 from its 5-day moving average. CNET is currently trading +24.26% higher than its 20-day SMA and +107.64% higher than its 100-day SMA. However, the stock’s current price level is +83.48% above the SMA50 and +2.43% above the SMA200.

The stochastic %K and %D were 74.54% and 73.57%, respectively, and the average true range (ATR) was 0.1226. With the 14-day stochastic at 86.60% and the average true range at 0.1179, the RSI (14) stands at 67.43%. The stock has reached 0.1148 on the 9-day MACD Oscillator while the 14-day reading was at 0.1859.

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 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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