China TechFaith Wireless Communication Technology Limited (CNTF) Stock: Why It’s Gaining In Value

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China TechFaith Wireless Communication Technology Limited (CNTF) is headed up in the market in today’s trading session. The stock, one that is focused on the technology sector, is presently priced at $0.58 after climbing 10.40% so far in today’s session. When it comes to tech companies, there are quite a few aspects that have the potential to generate gains in the market. One of the most common is news. Here are the recent trending headlines centered around CNTF:

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May-10-19 06:07PM TechFaith Announces Changes in Board Composition and Auditor
May-09-19 06:00AM TechFaith Announces Changes in Board Composition and Auditor
May-07-19 05:30AM TechFaith Receives Notification of Deficiency From Nasdaq Related to Delayed Filing of Annual Report on Form 20-F
Mar-11-19 12:15PM DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against China TechFaith Wireless Communication Technology Limited and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
10:40AM FINAL DEADLINE (CNTF) China TechFaith Wireless Communication Technology Limited – Bronstein, Gewirtz & Grossman, LLC

Nonetheless, any time investors are making a decision with regard to investing, prospective investors should look at much more than just news, this is especially the case in the ever evolving technology industry. Here’s what’s happening with China TechFaith Wireless Communication Technology Limited.

Performance Trends That We’ve Seen From CNTF

While a move toward the top in a single session, like what we’re seeing from China TechFaith Wireless Communication Technology Limited may make some investors happy, that alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It is always smart to take a look at trends beyond a single session. As it relates to CNTF, below are the returns that investors have experienced:

  • Past Seven Days – In the last five trading sessions, CNTF has generated a price change in the amount of 14.53%.
  • Past 30 Days – The return on investment from China TechFaith Wireless Communication Technology Limited over the past 30 days has been -34.72%.
  • Past Three Months – Throughout the last 3 months, the stock has produced a return on investment that works out to -53.94%
  • Past Six Months – Throughout the past six months, we’ve seen a change that equates to -67.68% from the stock.
  • This Year So Far – Since the close of last year CNTF has generated a return of -41.50%.
  • Full Year – Finally, in the past full year, we’ve seen performance of -70.90% out of CNTF. Over this period, the stock has traded at a high price of -85.63% and a low of 124.05%.

Ratios Worth Paying Attention To

Looking at various key ratios having to do with a company can give prospective traders an understanding of just how dangerous and/or rewarding a an investment option may be. Below are some of the most important ratios to look at when digging into CNTF.

Short Ratio – The short ratio is a tool that is used by investors to get an understanding of the level of short interest. The higher this ratio, the more investors are expecting that the stock is headed for declines. In general, strong technology stocks tend to carry a lower short ratio. However, we also tend to see quite a few short squeezes in the space. Nonetheless, with regard to China TechFaith Wireless Communication Technology Limited, the stock’s short ratio clocks in at 0.04.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Essentially, they measure the company’s abilities to cover its debts when they mature with only quick assets or current assets. In the tech sector, companies are reliant on continued support from investors as they work to bring new technologies to market, these ratios can seem upsetting. Nonetheless, some gems in the tech industry come with good current and quick ratios. As it relates to CNTF, the quick and current ratios come to 1.50 and 1.50 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets that are owned by the company. when it comes to China TechFaith Wireless Communication Technology Limited, that ratio works out to 14.26.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of shares. In this case, the cash to share value works out to 0.15.

Big Money And China TechFaith Wireless Communication Technology Limited

An interesting fact I’ve learned in my brief time here has been that good investors tend to follow big money players. Usually, investors that want to keep the risk down will keep an eye on investments made by institutions and insiders. With that said, what does the big money picture look like in regard to CNTF? Here’s the information:

Institutions own 10.70% of the company. Institutional interest has moved by 6.44% over the past three months. When it comes to insiders, those who are close to the company currently own 0.30% percent of CNTF shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Analyst Opinions Of China TechFaith Wireless Communication Technology Limited

Although it’s rarely a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a good idea to use their thoughts to validate your own when it comes to making an investment decision in the tech space. Here are the recent moves that we have seen from analysts as it relates to CNTF.

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May-20-08 Reiterated Roth Capital Buy $7.50 → $8
Apr-22-08 Reiterated Susquehanna Financial Positive $6.50 → $7
Apr-11-08 Initiated Roth Capital Buy $7.50
Nov-16-07 Upgrade Jefferies & Co Hold → Buy $8.65
Nov-14-07 Downgrade Brean Murray Buy → Hold

What We’ve Seen In Financial Results

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, CNTF has generated revenue in the amount of $-19.40% with earnings coming in at -31.90%. On a quarter over quarter basis, earnings have seen movement of 0 and revenue has seen movement of -60.60%.

Float Information

Traders seem to have an interest in the amounts of shares both available and outstanding. In regard to China TechFaith Wireless Communication Technology Limited, currently there are 11.74M with a float of 2.11M. These data mean that of the total of 11.74M shares of CNTF in existence today, 2.11M are available to be traded on the market.

I also find it important to look at the short percent. Think about it, when a high percentage of the float available for trading is shorted, the overall opinion in the market is that the stock is going to fall. When it comes to CNTF, the percentage of the float that is sold short comes to a total of 0.05%. Most investors would say that a concerning short percent of the float is anything over 40%. Nonetheless, I’ve calculated that any short ratio over 26% is likely a a play that could prove to be very risky.

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