CNET Stock Summary and Trading Ideas (ZW Data Action Technologies | NASDAQ:CNET)

ZW Data Action Technologies Inc is engaged in providing Internet advertising, precision marketing, e-commerce online to offline (O2O) advertising and marketing services as well as the related data and technical services to small and medium enterprises in the PRC. It offers a variety channels of advertising and marketing services through its system, including distribution of the right to use search engine marketing services, provision of online advertising placements on its web portals, provision of ecommerce O2O advertising and marketing services and provision of other related value-added data and technical services to maximize market exposure and effectiveness for clients.

ZW Data Action Technologies trades on the NASDAQ stock market under the symbol CNET.

As of April 23, 2024, CNET stock price declined to $0.95 with 13,382 million shares trading.

CNET has a beta of 1.64, meaning it tends to be more sensitive to market movements. CNET has a correlation of 0.08 to the broad based SPY ETF.

CNET has a market cap of $6.84 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, CNET stock traded as high as $12.00 and as low as $.69.

CNET has underperformed the market in the last year with a price return of -39.9% while the SPY ETF gained +24.3%. However, in the short term, CNET had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.1% vs +4.9% return in SPY. But in the last 2 weeks, CNET shares have been beat by the market, returning -9.5% compared to an SPY return of -2.5%.

CNET support price is $.92 and resistance is $1.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNET stock will trade within this expected range on the day.