35 institutions hold shares in Xunlei Limited (XNET), with institutional investors hold 18.90% of the company’s shares. The shares outstanding are 67.27M, and float is at 65.50M with Short Float at 3.28%. Institutions hold 18.90% of the Float.
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The top institutional shareholder in the company is Morgan Stanley with over 2.88 million shares valued at $9.91 million. The investor’s holdings represent 4.31% of the XNET Shares outstanding. As of Sep 29, 2020, the second largest holder is Primavera Capital Management Ltd with 1.38 million shares valued at $4.75 million to account for 2.06% of the shares outstanding. The other top investors are Ovata Capital Management Ltd which holds 0.82 million shares representing 1.22% and valued at over $2.81 million, while Nomura Holdings Inc. holds 0.97% of the shares totaling 0.65 million with a market value of $2.24 million.
Xunlei Limited (NASDAQ: XNET) is 256.40% higher on its value in year-to-date trading and has touched a low of $2.38 and a high of $9.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The XNET stock was last observed hovering at around $8.40 in the last trading session, with the day’s gains setting it 1.9% off its average median price target of $12.00 for the next 12 months. It is also 14.17% off the consensus price target high of $12.00 offered by 1 analysts, but current levels are 14.17% higher than the price target low of $12.00 for the same period.
Currently trading at $10.30, the stock is 73.56% and 135.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.49 million and changing 22.62% at the moment leaves the stock 182.64% off its SMA200. XNET registered 129.40% gain for a year compared to 6-month loss of 160.76%. The firm has a 50-day simple moving average (SMA 50) of $5.31 and a 200-day simple moving average (SMA200) of $3.71.
The stock witnessed a 162.09% gain in the last 1 month and extending the period to 3 months gives it a 232.26%, and is 40.33% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 18.98% over the week and 14.09% over the month.
Xunlei Limited (XNET) has around 1070 employees, a market worth around $561.76M and $184.40M in sales. Profit margin for the company is -19.80%. Distance from 52-week low is 332.77% and 3.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.80%).
Xunlei Limited (XNET) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Xunlei Limited (XNET) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Xunlei Limited is expected to release its quarterly report on 05/19/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -29.90% this year.
Xunlei Limited (XNET): Who are the competitors?
The company’s main competitors (and peers) include Phoenix New Media Limited (FENG) that is trading 153.19% up over the past 12 months. SINA Corporation (SINA) is 14.32% up on the 1-year trading charts. Short interest in the company’s stock has risen 62.28% from the last report on Dec 30, 2020 to stand at a total of 0.81 million short shares sold with a short interest ratio of 0.3.