ChinaNet Online Holdings, Inc. (CNET) Stock: A Service Stock That’s Gaining

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ChinaNet Online Holdings, Inc. (CNET) is headed up in the market in today’s trading session. The company, one that is focused in the service industry, is currently trading at $1.33 after climbing 5.56% so far today. When it comes to service sector stocks, there are quite a few factors that have the ability to lead to movement in the market. News is one of the most common reasons for movement. Here are the most recent stories associated with CNET:

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May-20-19 04:30PM ChinaNet Online Holdings Reports First Quarter 2019 Unaudited Financial Results
Apr-16-19 07:00AM ChinaNet Online Holdings Reports Full Year 2018 Audited Financial Results
Mar-26-19 01:20PM Introducing ChinaNet Online Holdings (NASDAQ:CNET), The Stock That Slid 58% In The Last Five Years
Feb-14-19 07:48AM Is ChinaNet Online Holdings, Inc.s (NASDAQ:CNET) CEO Overpaid Relative To Its Peers?
Nov-23-18 07:55AM Factors of Influence in 2018, Key Indicators and Opportunity within Document Security, American Realty Investors, Digirad, GRAVITY Co., Ampco-Pittsburgh, and ChinaNet Online New Research Emphasizes Economic Growth

However, when making an investing decision, investors should take a look at far more than just news, this is especially the case in the ever complex service sector. Here’s what’s happening with ChinaNet Online Holdings, Inc..

What We’ve Seen From CNET

While a move toward the top in a single session, like the move that we’re seeing from ChinaNet Online Holdings, Inc. might lead to fear in some investors, a single session move by itself shouldn’t be the basis of a decision to, or not to, invest in a stock. It is generally smart to look into trends experienced by the stock just a single trading day. When it comes to CNET, below are the returns on investment that investors have experienced:

  • Weekly – In the last 7 days, CNET has produced a change in value amounting to 8.13%.
  • Monthly – The monthly returns from ChinaNet Online Holdings, Inc. works out to -6.34%.
  • Past Quarter – Throughout the last quarter, the company has generated a return on investment of -19.88%
  • Bi-Annually – Over the last six months, we have seen a performance of -15.21% from the stock.
  • This Year So Far – Since the the first trading session of this year CNET has resulted in a return of -0.75%.
  • Annually – Finally, over the last year, we’ve seen performance in the amount of -55.07% out of CNET. Throughout this period, the stock has sold at a high price of -65.81% and a low of 30.39%.

Ratios That Are Notable

Looking at various ratios associated with a stock can give prospective traders an understanding of how dangerous and/or potentially profitable a stock pick might be. Below are a few of the most important ratios to think about when looking at CNET.

Short Ratio – The short ratio is a measure of short interest. As the short ratio goes higher, it shows that more investors have a belief that the value of the stock is headed for the top. In general, strong service sector stocks tend to carry a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the space. Nonetheless, in relation to ChinaNet Online Holdings, Inc., the stock’s short ratio is 1.88.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure whether or not a company can cover its debts when they mature with only current assets or quick assets. come with positive current and quick ratios. When it comes to CNET, the quick and current ratios work out to 1.40 and 1.40 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets that are owned by the company. In the case of ChinaNet Online Holdings, Inc., the book to share value ratio comes in at 0.41.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of the company’s stock. As it relates to CNET, the cash to share value works out to 0.

Is Big Money Interested In ChinaNet Online Holdings, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in CNET, here’s what we’re seeing:

  • Institutions – As it stands now, institutional investors own 1.10% of ChinaNet Online Holdings, Inc.. On the other hand, it’s worth noting that institutional ownership has moved in the amount of 21.69% in the last 3 months.
  • Insider Holdings – When it comes to insiders, insiders of the company currently hold 34.68% of ChinaNet Online Holdings, Inc.. Their ownership of the company has seen a change of 0.00% throughout the past quarter.

How Analysts Feel About ChinaNet Online Holdings, Inc.

While it’s never a good idea to unknowingly follow the thoughts of analysts, it is a good idea to consider their analysis in order to validate your own thoughts before making an investment decision in the service industry. Here are the most recent moves that we’ve seen from analysts when it comes to CNET.

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Feb-22-11 Initiated Ladenburg Thalmann Buy $7

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, CNET has generated revenue in the amount of $13.50% with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -90.10% and revenue has seen movement of 3.60%.

What’s Going On With Share Counts?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 16.83M shares of ChinaNet Online Holdings, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, CNET has a float of 10.82M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to CNET, the short percent of the float is 6.42%.

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