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Analysts Provide Insight On How High ZW Data Action Technologies Inc. (CNET) Can Go

ZW Data Action Technologies Inc. (NASDAQ:CNET) at last check was buoying at $1.00 on Thursday, September 22, with a rise of 4.52% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.96 and 5Y monthly beta was reading 1.92 with its price kept floating in the range of $0.9504 and $1.0162 on the day. Considering stock’s 52-week price range provides that CNET hit a high price of $1.63 and saw its price falling to a low level of $0.28 during that period. Over a period of past 1-month, stock came adding 25.58% in its value.

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In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review CNET stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 50% Buy for it.

Digging deeper we become aware of the PEG ratio of the CNET stock which is currently positioned at 0. It further provides that stock’s current price level is 30.43% away from its 20-day simple moving average and is 30.15% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 64.90 while volatility remained at 19.46% over the past week which changes to 12.81% when measuring it over the past month. Beta is valued at 1.87, while measure of average true range or ATR is currently at 0.11.

In comparing ZW Data Action Technologies Inc. (CNET)’s stock with other industry players reveals that stock’s latest price change of 4.52% and that of -24.35% over the past 12 months is in competing position with that of Baidu Inc. (BIDU) which saw its stock price raised by 0.85% in the recent trading and went through a decrease of -23.70% in past 12-month trading. Industry’s another major player Comcast Corporation (CMCSA) has rise 0.08% up in latest trading session, but over the past year has faced afall of -41.67% over the same period. ZW Data Action Technologies Inc. has a P/E ratio of 0 while Comcast Corporation is showing 10.67 for the same. On the other hand, the S&P 500 Index is down -0.74% in the early deals today while the Dow Jones Industrial was dealinglower at -0.26%.

Having a second look at ZW Data Action Technologies Inc. (NASDAQ:CNET) provides that stock’s average daily trading volume for 3 months was 726.25K, while it jumped to 1.08 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 35.53 million.

The percentage of outstanding shares held by the insiders is 20.29% while it is 0.70% for the institutional holders. The figures also indicate that as of Aug 30, 2022, number of stock’s short shares was 95810.0 which implies a short ratio of 0.16. This shows down a 0.27% of Short Interest in company’s outstanding shares on the day. In August the standing of shares short improved as it was 0.24 million in the previous month. Subtraction of -3.93% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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