Net Element Inc. (NASDAQ: NETE) is -16.34% lower on its value in year-to-date trading and has touched a low of $1.57 and a high of $20.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NETE stock was last observed hovering at around $11.28 in the last trading session, with the day’s gains setting it 0.39% off its average median price target of $30.00 for the next 12 months. It is also 61.1% off the consensus price target high of $30.00 offered by 0 analysts, but current levels are 61.1% higher than the price target low of $30.00 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Currently trading at $11.67, the stock is -0.51% and -6.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.62 million and changing 3.46% at the moment leaves the stock 10.58% off its SMA200. NETE registered 629.37% gain for a year compared to 6-month gain of 50.97%. The firm has a 50-day simple moving average (SMA 50) of $11.94 and a 200-day simple moving average (SMA200) of $10.72.
The stock witnessed a 31.27% loss in the last 1 month and extending the period to 3 months gives it a -5.51%, and is 9.17% 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 8.24% over the week and 9.91% over the month.
Net Element Inc. (NETE) has around 82 employees, a market worth around $53.57M and $62.90M in sales. Distance from 52-week low is 643.31% and -41.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.70%).
Net Element Inc. is expected to release its quarterly report on 08/19/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 89.00% this year, but quarterly earnings will post 3.50% year-over-year.
Net Element Inc. (NETE) Top Institutional Holders
21 institutions hold shares in Net Element Inc. (NETE), with 714.83k shares held by insiders accounting for 13.73% while institutional investors hold 17.04% of the company’s shares. The shares outstanding are 4.89M, and float is at 4.13M with Short Float at 10.40%. Institutions hold 14.70% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 0.2 million shares valued at $2.77 million. The investor’s holdings represent 3.81% of the NETE Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 74958.0 shares valued at $1.05 million to account for 1.44% of the shares outstanding. The other top investors are Marshall Wace LLP which holds 61786.0 shares representing 1.19% and valued at over $0.86 million, while SG Americas Securities, LLC holds 1.05% of the shares totaling 54752.0 with a market value of $0.76 million.
Net Element Inc. (NETE) Insider Activity
A total of 5 insider transactions have happened at Net Element Inc. (NETE) in the last six months, with sales accounting for 0 and purchases happening 5 times.
Net Element Inc. (NETE): Who are the competitors?
The company’s main competitors (and peers) include Park City Group Inc. (PCYG) that is trading 60.00% up over the past 12 months. Short interest in the company’s stock has risen 47.66% from the last report on Feb 11, 2021 to stand at a total of 0.22 million short shares sold with a short interest ratio of 0.49.