The trading price of Xunlei Limited (NASDAQ:XNET) closed lower on Monday, Feb 22, closing at $10.3, -17.38% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $8.48 and $9.64. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 1.8. In examining the 52-week price action we see that the stock hit a 52-week high of $11.22 and a 52-week low of $2.38. Over the past month, the stock has gained 113.28% in value.
On the technical side, indicators suggest XNET has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned XNET a recommendation rating is 1. Out of them, no one rate it a Hold, while 1 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Xunlei Limited (XNET) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that XNET’s price is currently 36.16% off the SMA20 and 88.52% off the SMA50. The RSI metric on the 14-day chart is currently showing 62.75, and weekly volatility stands at 19.74%. When measured over the past 30 days, the indicator reaches 14.26%. Xunlei Limited (NASDAQ:XNET)’s beta value is currently sitting at 1.8, while the Average True Range indicator is currently displaying 1.04. With analysts defining $12-$12 as the low and high price targets, we arrive at a consensus price target of $12 for the trailing 12-month period. The current price is about 41.01% off the estimated low and 41.01% off the forecast high, based on this estimate. Investors will be thrilled if XNET’s share price rises to $12, which is the median consensus price. At that level, XNET’s share price would be +41.01% above current price.
To see how Xunlei Limited stock has been performing in comparison to its peers in the industry, here are the numbers: XNET stock’s performance was -17.38% in the latest trading, and +96.08% in the past year, while Alphabet Cl C (GOOG) has traded -1.73% on the day and positioned +39.04% higher than it was a year ago. Another comparable company Alphabet Cl A (GOOGL) saw its stock close -1.65% lower in the most recent trading session but was up +38.48% in a year. Furthermore, Facebook Inc (FB) showed a decline of -17.38% on the day while its price kept rising at 96.08% over the past year. Xunlei Limited has a P/E ratio of 0, compared to Alphabet Cl C’s 35.23 and Alphabet Cl A’s 35.99. Also in last trading session, the S&P 500 Index has soared -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.
An evaluation of the daily trading volume of Xunlei Limited (NASDAQ:XNET) indicates that the 3-month average is 4.83 Million. However, this figure has increased over the past 10 days to an average of 7.11 Million.
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Currently, records show that 66.88 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 18.9%. The stats also highlight that short interest as of January 28, 2021, stood at 2.15 Million shares, resulting in a short ratio of 0.3 at that time. From this, we can conclude that short interest is 3.22% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 810.91 Million. However, since the stock’s price has seen +194.46% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.