Net Element (NASDAQ: NETE) To Hold Out $5 Unless Demand For Stocks Falls

One of Friday’s top gainers, NASDAQ: NETE soared 76.25% from $2.61 to $4.60. Daily volume reached 10,012,377 shares when the average volume gets only 333,610 shares. Last six months NETE had no serious volatility as other tech stocks faced dramatic changes. Trust from potential investors suddenly arose to this condition.

Having several services Net Element could increase Q1 2020 revenue as compared to the same quarter of last year. Quarterly positive change in the net loss might bring a strong hope for future big earnings that will surely lead to dividend payments.

While 12 months EPS stays negative at $1.6370 Net Element’s $19.3 million market value is obviously overpriced. Nevertheless, the actual total capitalization is $11.4 million.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life