Price Don’t Lie: Today Xunlei Ltd Stock Reaches All-Time Low

Price Don't Lie: Today Xunlei Ltd Stock Reaches All Time Low

The stock of Xunlei Ltd (NASDAQ:XNET) reached all time low today, Oct, 13 and still has $4.30 target or 13.00% below today’s $4.94 share price. This indicates more downside for the $319.47M company. This technical setup was reported by Barchart.com. If the $4.30 PT is reached, the company will be worth $41.53M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 56,206 shares traded hands. Xunlei Ltd (NASDAQ:XNET) has declined 15.53% since March 10, 2016 and is downtrending. It has underperformed by 23.05% the S&P500.

Analysts await Xunlei Ltd (NASDAQ:XNET) to report earnings on November, 16.

According to Zacks Investment Research, “Xunlei Limited operates an internet platform in China based on cloud computing. It provides users with quick and easy access to digital media content through its core products and services, Xunlei Accelerator and the cloud acceleration subscription services. The Company offers services such as cloud-based subscription services, online advertising, online games, software licensing, and content distribution. Xunlei Limited is based in Shenzhen, the People’s Republic of China.”

More important recent Xunlei Ltd (NASDAQ:XNET) news were published by: Renaissancecapital.com which released: “Chinese Internet company Xunlei Limited sets IPO pricing terms” on July 04, 2011, also Streetinsider.com published article titled: “Chinese Internet Company Xunlei Ltd. (XNET) Files $100M IPO”, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on July 22, 2011. More interesting news about Xunlei Ltd (NASDAQ:XNET) was released by: Seekingalpha.com and their article: “Xunlei: Gauging The Odds Of A Going Private Deal (XNET)” with publication date: May 29, 2015.

XNET Company Profile

Xunlei Limited (Xunlei), incorporated on February 3, 2005, is a cloud acceleration technology company. The Firm operates an Internet platform in China based on cloud computing to enable users to access, manage and consume digital media content. The Company’s segment is the operation of its online media platform. The Company’s services and products include Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet, and cloud acceleration subscription services, which offer user services for speed and reliability.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment