During the last session, Xunlei Limited (NASDAQ:XNET)’s traded shares were 1,695,468, with the beta value of the company hitting 1.59. At the end of the trading day, the stock’s price was $6.36, reflecting an intraday loss of -4.07% or -$0.27. The 52-week high for the XNET share is $11.22, that puts it down -76.42% from that peak though still a striking +59.91% gain since the share price plummeted to a 52-week low of $2.55. The company’s market capitalization is $425.36 Million, and the average intraday trading volume over the past 10 days was 1.52 Million shares, and the average trade volume was 4.86 Million shares over the past three months.
Xunlei Limited (XNET) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 0. XNET has a Sell rating from none of the analyst(s) out of 1 analysts who have looked at this stock. Neither of the analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 1 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.
Xunlei Limited (NASDAQ:XNET): Trading Information
Xunlei Limited (XNET) registered a -4.07% downside in the last session and has traded in the red over the past 5 sessions. The stock spiked 11.05% in intraday trading to $7.15- this Thursday, Apr 01, hitting a weekly high. The stock’s 5-day price performance is -1.7%, and it has moved by 8.9% in 30 days. Based on these gigs, the overall price performance for the year is 120.07%. The short interest in Xunlei Limited (NASDAQ:XNET) is 1.4 Million shares and it means that shorts have 0.29 day(s) to cover.
The consensus price target of analysts on Wall Street is $12, which implies an increase of 88.68% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $12 respectively. As a result, XNET is trading at a discount of 88.68% off the target high and 88.68% off the low.
Xunlei Limited (XNET) projections and forecasts
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 4.4%. While earnings are projected to return 73.9% in 2021, the next five years will return 19% per annum.
Xunlei Limited (NASDAQ:XNET)’s Biggest Investors
Xunlei Limited insiders own 0% of total outstanding shares while institutional holders control 14.06%, with the float percentage being 14.06%. Morgan Stanley is the largest shareholder of the company, while 42 institutions own stock in it. As of Dec 30, 2020, the company held over 3.53 Million shares (or 5.28% of all shares), a total value of $10.2 Million in shares.
The next largest institutional holding, with 1.38 Million shares, is of Primavera Capital Management Ltd’s that is approximately 2.06% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $3.99 Million.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Also, the Mutual Funds coming in first place with the largest holdings of Xunlei Limited (XNET) shares are Direxion Shares ETF Tr-Direxion Moonshot Innovators ETF and SPDR (R) Ser Tr-SPDRï¿½ Kensho New Economies Composite ETF. Data provided on Feb 27, 2021 indicates that Direxion Shares ETF Tr-Direxion Moonshot Innovators ETF owns about 632,495 shares. This amounts to just over 0.95 percent of the company’s overall shares, with a $4.13 Million market value. The same data shows that the other fund manager holds slightly less at 290.32 Thousand, or about 0.43% of the stock, which is worth about $1.9 Million.