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ZW Data Action Technologies Inc. (CNET): The stock short term indicators tell us to Sell today

How have the shares performed?


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ZW Data Action Technologies Inc. (CNET) saw an uptrend of 5.00% in the recent trading with $1.89 being its most recent. The current price level -69.47% lower than the highest price of $6.19 marked by the stock while trading over the past 52-weeks, whereas it is 105.30% higher than the lowest price of $0.92 the company dropped to over past 52-weeks. The latest news story on CNET appeared in GlobeNewswire under the title “ZW Data Action Technologies Authorized as an Advertising Service Provider for KOLs and Ecommerce for Tencent” on May-26-21.

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Squeezing the time span to 30 day period shows us the stock is currently trading -3.08% below one month high and is +29.45% above of the lowest during that time. Looking into the simple moving average, ZW Data Action Technologies Inc. (CNET)’s stock stands at a SMA-50 of $1.9567 while that of 5-day is reading $1.8160.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CNET’s SMA-200 as of now is $1.9952.

ZW Data Action Technologies Inc. Earnings – What Happened With CNET

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $8.4 billion.

CNET – ZW Data Action Technologies Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 28.50 million. CNET does have institutional investors; and they hold 1.00% of the stock.

ZW Data Action Technologies Inc. – Insider Activity and Holdings

As on Mar 30, 2021, Susquehanna International Group, LLP was the top most holder in ZW Data Action Technologies Inc. (NASDAQ:CNET) with an ownership of 0.1 million shares of the company or 0.32% of the stake worth $0.26 million. The filing also reveals Citadel Advisors LLC as the second largest holder in the company with a control over 0.30% of the outstanding shares. Its stake is worth $0.25 million for having 94057.0 shares in hand.

Renaissance Technologies, LLC also came holding a key position in the company during the recent quarter and it now holds 0.30% of the outstanding shares. With this there are now 10 institutions which have possession in CNET’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by ZW Data Action Technologies Inc. was 1.61 while posting a debt to equity ratio of 0.00. The count was 1.32 for long-term debt to equity ratio.

ZW Data Action Technologies Inc.’s return on equity, or ROE, is -17.50%, compared to the industry average of 0.73% for Communication Services – Advertising Agencies. Although this indicates that CNET fails to use its equity well, the metric will vary significantly depending on the industry.

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Technical Analysis of ZW Data Action Technologies Inc. (NASDAQ:CNET) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for ZW Data Action Technologies Inc. (CNET), we notice that the stock’s 20-day average volume is at 378,915 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 623,660 shares. And to end, CNET’s 100-day average volume is 2,572,220 shares with 50% of the long-term indicators pointing towards Sell for the stock.

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