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.