XNET Stock Summary and Trading Ideas (Xunlei Limited - American Depositary Shares | NASDAQ:XNET)

Xunlei Ltd is a cloud-based acceleration technology company in China. The company operates a powerful internet platform in China based on cloud computing to provide users with quick and easy access to digital media content through its products and services, Xunlei Accelerator, and cloud acceleration subscription services. It is increasingly extending into mobile devices in part through potentially pre-installed acceleration products in mobile phones Xunlei has developed various value-added services to meet a fuller spectrum of its users' digital media content access and consumption needs.

Xunlei Limited - American Depositary Shares trades on the NASDAQ stock market under the symbol XNET.

As of April 18, 2024, XNET stock price was flat at $1.47 with 76,807 million shares trading.

XNET has a beta of 1.39, meaning it tends to be more sensitive to market movements. XNET has a correlation of 0.18 to the broad based SPY ETF.

XNET has a market cap of $98.31 million. This is considered a Micro Cap stock.

In the last 3 years, XNET stock traded as high as $5.72 and as low as $.85.

The top ETF exchange traded funds that XNET belongs to (by Net Assets): SPEM.

XNET has underperformed the market in the last year with a return of -14.5%, while the SPY ETF gained +22.3%. In the last 3 month period, XNET fell short of the market, returning -2.0%, while SPY returned +6.1%. However, in the most recent 2 weeks XNET has outperformed the stock market by returning -1.0%, while SPY returned -3.8%.

XNET support price is $1.44 and resistance is $1.50 (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 XNET stock will trade within this expected range on the day.