Today’s Stock On Watch: What Next for Xunlei Ltd Stock After Touching All-Time Low?

Today's Stock On Watch: What Next for Xunlei Ltd Stock After Touching All Time Low?

The stock of Xunlei Ltd (NASDAQ:XNET) reached all time low today, Oct, 17 and still has $4.18 target or 13.00% below today’s $4.81 share price. This indicates more downside for the $322.02M company. This technical setup was reported by If the $4.18 PT is reached, the company will be worth $41.86M 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 55,071 shares traded hands. Xunlei Ltd (NASDAQ:XNET) has declined 21.43% since March 14, 2016 and is downtrending. It has underperformed by 27.04% 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 recent Xunlei Ltd (NASDAQ:XNET) news were published by: which released: “Chinese Internet company Xunlei Limited sets IPO pricing terms” on July 04, 2011. Also published the news titled: “DOW JONES, A NEWS CORP COMPANY” on July 22, 2011.‘s news article titled: “Xunlei: Gauging The Odds Of A Going Private Deal (XNET)” with publication date: May 29, 2015 was also an interesting one.

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.

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