Market Momentum Report: ZW Data Action Technologies Inc (CNET)’s Positive Close at 1.72

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The price of ZW Data Action Technologies Inc (NASDAQ: CNET) closed at $1.72 in the last session, up 5.21% from day before closing price of $1.63. In other words, the price has increased by $5.21 from its previous closing price. On the day, 0.99 million shares were traded. CNET stock price reached its highest trading level at $1.7399 during the session, while it also had its lowest trading level at $1.67.

Ratios:

We take a closer look at CNET’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.65 and its Current Ratio is at 1.65. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.02.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Ladenburg Thalmann on February 22, 2011, initiated with a Buy rating and assigned the stock a target price of $7.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNET now has a Market Capitalization of 3732200 and an Enterprise Value of 2463746. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 0.101 whereas that against EBITDA is -1.101.

Stock Price History:

The Beta on a monthly basis for CNET is 0.58, which has changed by -0.51488096 over the last 52 weeks, in comparison to a change of 0.23171377 over the same period for the S&P500. Over the past 52 weeks, CNET has reached a high of $4.96, while it has fallen to a 52-week low of $1.43. The 50-Day Moving Average of the stock is -1.88%, while the 200-Day Moving Average is calculated to be -35.29%.

Shares Statistics:

According to the various share statistics, CNET traded on average about 41.31K shares per day over the past 3-months and 17040 shares per day over the past 10 days. A total of 2.18M shares are outstanding, with a floating share count of 1.86M. Insiders hold about 14.37% of the company’s shares, while institutions hold 0.00% stake in the company. Shares short for CNET as of 1730332800 were 29466 with a Short Ratio of 0.52, compared to 1727654400 on 280605. Therefore, it implies a Short% of Shares Outstanding of 29466 and a Short% of Float of 1.5800001000000001.

Earnings Estimates

The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.

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