ZW Data Action Technologies Inc. (CNET) saw an uptrend of 2.31% in the recent trading with $0.92 being its most recent. The current price level -85.14% lower than the highest price of $6.19 marked by the stock while trading over the past 52-weeks, whereas it is 8.24% higher than the lowest price of $0.85 the company dropped to over past 52-weeks. The latest news story on CNET appeared in GlobeNewswire under the title “ZW Data Action Technologies Inc. Announces Cooperation for NFT and Metaverse Market on the Global IP with Digital Gold Information” on Dec-21-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -23.33% below one month high and is +8.24% 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 $1.1781 while that of 5-day is reading $0.9282.
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 $1.5372.
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 $11.9 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 35.33 million. CNET does have institutional investors; and they hold 0.60% of the stock.
ZW Data Action Technologies Inc. – Insider Activity and Holdings
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 -11.60%, compared to the industry average of 3.38% 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.
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 212,610 shares and 100% 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 235,292 shares. And to end, CNET’s 100-day average volume is 724,229 shares with 100% of the long-term indicators pointing towards Sell for the stock.