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 April 17, 2024, NTWK stock price declined to $2.67 with 1,553 million shares trading.

NTWK has a beta of 0.91, meaning it tends to be less sensitive to market movements. NTWK has a correlation of 0.04 to the broad based SPY ETF.

NTWK has a market cap of $30.41 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, NTWK stock traded as high as $6.12 and as low as $1.72.

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

NTWK has underperformed the market in the last year with a price return of +8.5% while the SPY ETF gained +23.0%. However, in the short term, NTWK had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.2% vs +5.7% return in SPY. But in the last 2 weeks, NTWK shares have been beat by the market, returning -6.3% compared to an SPY return of -3.5%.

NTWK support price is $2.62 and resistance is $2.81 (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 stock will trade within this expected range on the day.