NTWK Stock Summary and Trading Ideas (Netsol Technologies | NASDAQ:NTWK)

NETSOL Technologies Inc is involved in providing information technology and enterprise software solutions. Its products and services include NFS Ascent, NFS Digital, Leasepak Cloud, Business consultancy, and information security services among others. The firm has North America, Europe, and Asia-Pacific segments, of which the majority of the revenue is derived from Asia-Pacific. It derives revenue from licensing, customization, enhancements, and maintenance of its financial applications. The company promotes and sells its products under the Netsol financial suite.

Netsol Technologies trades on the NASDAQ stock market under the symbol NTWK.

As of January 8, 2025, NTWK stock price climbed to $2.70 with 17,609 million shares trading.

NTWK has a beta of 0.83, meaning it tends to be less sensitive to market movements. NTWK has a correlation of 0.06 to the broad based SPY ETF.

NTWK has a market cap of $30.98 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, NTWK traded as high as $4.43 and as low as $1.72.

The top ETF exchange traded funds that NTWK belongs to (by Net Assets): VTI, VXF, BSVO, DFAT, DFSU.

NTWK has outperformed the market in the last year with a price return of +28.1% while the SPY ETF gained +27.5%. However, in the short term, NTWK had mixed performance relative to the market. It has underperformed in the last 3 months, returning -9.8% vs +4.2% return in SPY. But in the last 2 weeks, NTWK shares have fared better than the market returning +3.8% compared to SPY -2.0%.

NTWK support price is $2.59 and resistance is $2.78 (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 NTWK shares will trade within this expected range on the day.