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ZW Data Action Technologies Inc. (CNET) market price of $0.89 offers the impression of an exciting value play

For the readers interested in the stock health of ZW Data Action Technologies Inc. (CNET). It is currently valued at $0.89. When the transactions were called off in the previous session, Stock hit the highs of $0.6091, after setting-off with the price of $0.60. Company’s stock value dipped to $0.57 during the trading on the day. When the trading was stopped its value was $0.57.Recently in News on July 26, 2022, ZW Data Action Technologies Inc. Partners with Forbes Global Alliance to Jointly Launch NFT Products. ZW Data Action Technologies, Inc. (Nasdaq: CNET) (“ZW Data” or the “Company”), an integrated online advertising, precision marketing, data analytics, and other value-added services company, today announced that it entered into a cooperation agreement with Forbes Global Alliance (“FGA”), to build the Forbes China Group Digital Collection Platform to launch NFT Products and jointly operate the platform data by leveraging the two parties’ respective capital, platform and resource advantages. You can read further details here

ZW Data Action Technologies Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $1.1000 on 01/05/22, with the lowest value was $0.2803 for the same time period, recorded on 05/11/22.

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ZW Data Action Technologies Inc. (CNET) full year performance was -63.61%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, ZW Data Action Technologies Inc. shares are logging -51.89% during the 52-week period from high price, and 217.55% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.28 and $1.85.

The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 2921504 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the ZW Data Action Technologies Inc. (CNET) recorded performance in the market was -42.51%, having the revenues showcasing 16.14% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 20.96M, as it employees total of 85 workers.

Analysts verdict on ZW Data Action Technologies Inc. (CNET)

During the last month, 0 analysts gave the ZW Data Action Technologies Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.5055, with a change in the price was noted +0.15. In a similar fashion, ZW Data Action Technologies Inc. posted a movement of +23.93% for the period of last 100 days, recording 367,604 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CNET is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

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

Raw Stochastic average of ZW Data Action Technologies Inc. in the period of last 50 days is set at 93.49%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 90.03%. In the last 20 days, the company’s Stochastic %K was 63.02% and its Stochastic %D was recorded 60.97%.

Let’s take a glance in the erstwhile performances of ZW Data Action Technologies Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -42.51%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -31.56%, alongside a downfall of -63.61% for the period of the last 12 months. The shares increased approximately by -11.55% in the 7-day charts and went down by 20.30% in the period of the last 30 days. Common stock shares were driven by 16.14% during last recorded quarter.

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