Net Element (NETE) Receiving Favorable Press Coverage, Analysis Finds
News articles about Net Element (NASDAQ:NETE) have trended positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Net Element earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave press coverage about the company an impact score of 44.7486904914847 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Span A Spotted Above Span B for Net Element Inc (NETE) – Financial News Review (finnewsreview.com)
- Net Element, Inc. (NETE) stock unsupportive move of -5.17% – Stocks Gallery (stocksgallery.com)
- Buy or Hold? A Look at What the Technicals Are Saying About Net Element Inc (NETE) – Stock Press Daily (stockpressdaily.com)
- Net Element Inc (NETE) Shares Needle Moving 3.10% – Sheridan Daily (sheridandaily.com)
- Investors watching summary on Net Element, Inc. (NETE) – Wall Street Morning (wallstreetmorning.com)
Net Element (NASDAQ:NETE) traded up 0.714% on Wednesday, hitting $0.282. 179,770 shares of the stock were exchanged. The stock’s 50 day moving average price is $0.38 and its 200 day moving average price is $0.67. The firm’s market cap is $5.36 million. Net Element has a 52-week low of $0.27 and a 52-week high of $1.79.
Net Element (NASDAQ:NETE) last issued its quarterly earnings results on Monday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.09). The company had revenue of $16.14 million for the quarter, compared to analyst estimates of $15.10 million. Net Element had a negative net margin of 17.65% and a negative return on equity of 191.07%. Equities research analysts forecast that Net Element will post ($0.21) earnings per share for the current year.
About Net Element
Net Element, Inc operates as a financial technology and value-added solutions company worldwide. It operates in three segments: North America Transaction Solutions, Mobile Solutions, and Online Solutions. The North America Transaction Solutions segment provides technology and services that businesses require to accept cashless transaction for retail card-present, e-commerce, or card-not-present mail order/telephone order transactions; and Aptito, a cloud-based point of sale (POS) platform, which includes hospitality, mobile POS, and small to medium sized business retail POS applications, as well as offers mobile payment and merchant back office reporting services, and merchant performance analytical tools.
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