Monday, March 8, 2021

Net Element Inc. [NETE] is 43.30% higher this YTD. Is it still time to buy?

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Net Element Inc. [NASDAQ: NETE] traded at a high on 06/12/20, posting a 77.61 gain after which it closed the day’ session at $4.60. The results of the trading session contributed to over 11171567 shares changing hands. Over the past one week, the price volatility of Net Element Inc. stands at 31.58% while the volatility over the past one month is 17.98%.

The market cap for NETE stock reached $10.90 million, with 4.12 million shares outstanding and 3.53 million shares in the current float. Compared to the average trading volume of 147.97K shares, NETE reached a trading volume of 11171567 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Net Element Inc. [NETE]?

The Average True Range (ATR) for Net Element Inc. is set at 0.50, with the Price to Sales ratio for NETE stock in the period of the last 12 months amounting to 0.17. The Price to Book ratio for the last quarter was 6.13, with the Price to Cash per share for the same quarter was set at 0.25.

How has NETE stock performed recently?

Net Element Inc. [NETE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 90.08. With this latest performance, NETE shares gained by 106.28% in over the last four-week period, additionally plugging by 37.31% over the last 6 months – not to mention a rise of 15.58% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NETE stock in for the last two-week period is set at 81.74, with the RSI for the last a single of trading hit 86.55, and the three-weeks RSI is set at 77.20 for Net Element Inc. [NETE]. The present Moving Average for the last 50 days of trading for this stock 2.23, while it was recorded at 2.99 for the last single week of trading, and 3.37 for the last 200 days.

Net Element Inc. [NETE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Net Element Inc. [NETE] shares currently have an operating margin of -8.59 and a Gross Margin at +11.01. Net Element Inc.’s Net Margin is presently recorded at -9.94.

Return on Total Capital for NETE is now -38.99, given the latest momentum, and Return on Invested Capital for the company is -46.92. Return on Equity for this stock declined to -99.40, with Return on Assets sitting at -26.47. When it comes to the capital structure of this company, Net Element Inc. [NETE] has a Total Debt to Total Equity ratio set at 225.45. Additionally, NETE Total Debt to Total Capital is recorded at 69.27, with Total Debt to Total Assets ending up at 41.80. Long-Term Debt to Equity for the company is recorded at 201.04, with the Long-Term Debt to Total Capital now at 61.77.

Reflecting on the efficiency of the workforce at the company, Net Element Inc. [NETE] managed to generate an average of -$78,761 per employee. Receivables Turnover for the company is 10.12 with a Total Asset Turnover recorded at a value of 2.66.Net Element Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.

Insider trade positions for Net Element Inc. [NETE]

There are presently around $1 million, or 6.50% of NETE stock, in the hands of institutional investors. The top three institutional holders of NETE stocks are: VANGUARD GROUP INC with ownership of 180,707, which is approximately 0% of the company’s market cap and around 1.40% of the total institutional ownership; BANK OF MONTREAL /CAN/, holding 30,000 shares of the stock with an approximate value of $0.14 million in NETE stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $0.13 million in NETE stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Net Element Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 3 institutional holders increased their position in Net Element Inc. [NASDAQ:NETE] by around 772 shares. Additionally, 5 investors decreased positions by around 3,915 shares, while 6 investors held positions by with 265,413 shares. The mentioned changes placed institutional holdings at 270,100 shares, according to the latest SEC report filing. NETE stock had 3 new institutional investments in for a total of 772 shares, while 3 institutional investors sold positions of 15 shares during the same period.

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