Xunlei Limited (XNET) Stock: A Strong Pick In The technology Space?

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Xunlei Limited (XNET) is working its way for to the top in the market in today’s trading session. The stock, focused in the tech industry, is presently trading at $5.09 after climbing 6.71% so far today. In terms of tech companies, there are several aspects that have the ability to cause gains in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines centered around XNET:

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Oct-30-19 07:00PM Xunlei Limited to set up $100 million fund to invest in blockchain technology
Oct-28-19 02:14PM Blockchain Stock Pops, Options Traders Pile On
Sep-18-19 02:33PM What Percentage Of Xunlei Limited (NASDAQ:XNET) Shares Do Insiders Own?
Aug-14-19 10:23AM Xunlei Limited (XNET) Q2 2019 Earnings Call Transcript
08:32AM Xunlei Shares Higher On Q2 Earnings

Nonetheless, any time investors are making a decision to invest, prospective investors should focus on far more than news, especially in the ever evolving tech industry. Here’s what’s happening with Xunlei Limited.

Recent Movement From XNET

While a gain in a single session, like the move that we’re seeing from Xunlei Limited may cause excitement in some investors, a single session move alone should not be the basis of a decision to, or not to, invest in a company. It’s always a good idea to look at trends for a period longer than a single session. When it comes to XNET, below are the returns that we have seen:

  • Past Seven Days – Throughout the past 7 days, XNET has generated a change in value amounting to 121.30%.
  • Monthly – The monthly returns from Xunlei Limited has been 127.23%.
  • Past 3 Months – Throughout the past 3 months, the company has produced a return on investment of 140.09%
  • Past Six Months – Throughout the past 6 months, we have seen a change that equates to 45.01% from the stock.
  • This Year So Far – Since the the last trading session of last year XNET has generated a return on investment of 49.71%.
  • Annually – Finally, throughout the last year, we’ve seen movement that comes to -10.54% from XNET. In this period of time, the stock has sold at a high price of -25.48% and a low of 172.19%.

Ratios That Are Notable

Digging into a few key ratios having to do with a stock can provide prospective investors an understanding of just how risky and/or potentially profitable a an investment option might be. Below are some of the key ratios to think about when looking at XNET.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors are expecting that the price of the stock is going to tumble. Across the sector, strong tech stocks can carry a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the industry. Nonetheless, when it comes to Xunlei Limited, it’s short ratio comes to 0.52.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Essentially, they measure whether or not a company can pay for its debts as they mature based on quick assets or current assets. In the tech industry, companies are heavily reliant on continued investor support as they work to bring new technologies to market, these ratios can seem damning. However, several gems in the technology space do have great current and quick ratios. In terms of XNET, the quick and current ratios add up to 3.30 and 3.40 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets currently owned by the company to the share price of the stock. as it relates to Xunlei Limited, the book to share value ratio works out to 5.01.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of the company’s stock. In this case, the cash to share value ratio comes to 4.21.

Big Money And Xunlei Limited

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 XNET, here’s what we’re seeing:

  • Institutions – At the moment, institutions hold 11.90% of XNET. However, it is worth considering that institutional ownership has seen a move in the amount of 1.46% in the last quarter.
  • Investors On The Inside – As far as insiders go, those close to the situation currently own 0.39% of the company. Their ownership of the company has seen a move of 0.00% over the past quarter.

Analyst Opinions With Regard To Xunlei Limited

Although it’s rarely a good idea to blindly follow the thoughts of analysts, it is a smart idea to use their thoughts in order to validate your own thoughts when it comes to making an investment decision in the technology space. Here are the most recent moves that we have seen from analysts as it relates to XNET.

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Financial Performance

What have ween seen from XNET in terms of financial results?Here is the data:

  • Analyst Expectations – At the moment, Wall St. analysts are expecting that XNET will generate EPS that totals up to be 0, with 0 being reported in the earnings announcement for the current quarter. Although this is not associated with earnings, because we are chatting on the topic of analysts, XNET is currently rated a 0 when rated on a scale from 1 to 5 on which 1 is the poorest possible Wall St. analyst grade and 5 is the best.
  • 5-Year Sales – In the past 5 years, Xunlei Limited has created a movement in sales volume that comes to a total of 14.30%. Earnings per diluted share through the period have seen movement in the amount of -21.30%.
  • Q/Q – In terms of quarter over quarter data, or Q/Q data as it is commonly represented in the human world, XNET has generated a change in earnings that amounts to -383.40%. The company has also experienced movement in terms of sales in the amount of -27.20%.

Float Information

Traders and investors tend to have an interest in the amounts of shares both available and outstanding. In regard to Xunlei Limited, there are currently 67.63M and there is a float of 64.01M. These data mean that of the total of 67.63M shares of XNET in existence today, 64.01M are able to be traded in the public space.

I also like to follow the short percent. After all, when a large percentage of the float is shorted, the overall feeling among traders is that the stock is going to take a dive. As far as it relates to XNET, the percentage of the float that is shorted is 2.23%. Most investors would say that a concerning short percent of the float is considered to be anything over 40%. However, I’ve calculated that any short ratio over 26% is likely a risky play.

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