What The Sell/Buy Ratio Is Telling About Xunlei Limited (XNET)?

On momentum oscillators front, ‘RSI’ has touched 47.98 on daily chart, which may remain a cause for concern. If the price breaks below $3.64 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $4.1 mark may result into a pull-back move towards $4.32 level. The stock is currently hovering around the first support level of $3.76. Below this, the next support is placed in the zone of $3.64. Till the time, the XNET stock trades above this level, bulls have nothing to fear.

Shares of Xunlei Limited (XNET) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry XNET operates in has an average P/E of 20.68. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 1 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.57. 48.7 percent is the gross profit margin for Xunlei Limited and operating margin sits at 0 percent. Along with this, the net profit margin is -15 percent.

On 13th of March, Xunlei Limited (NASDAQ:XNET) shares ended lower after a volatile session. The shares dropped -0.32 points or -7.6 percent at $3.89 with a light trade volume of 1.246 million shares. After opening the session at $4.19, the shares went as high as $4.19 and as low as $3.85, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $263 million and now has 67.52 million shares outstanding. Xunlei Limited (XNET) stock has gained 18.24 percent of market value in 21 trading days.

XNET stock has a trailing 3-year beta of 1.84, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.16 a share in the trailing twelve months. The stock’s value has surged 14.41 percent year to date (YTD) against a decline of -72.8 percent in 12 month’s time. The company’s shares still trade -75.57 percent away from its 1-year high of $15.92 and 24.28 percent up from 52-week low of $3.13. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.