ZW Data Action Technologies (NASDAQ:CNET) released its quarterly earnings results on October 30, 2023, revealing a challenging financial landscape for the company. The business services provider reported an earnings per share (EPS) of ($0.52) for the quarter, as noted by Zacks. This reflects a significant setback, with a negative return on equity of 100.39% and a negative net margin of 50.16%. The company’s revenue for the quarter stood at $3.92 million.
During trading hours on the same day, shares of ZW Data Action Technologies rose by $0.06, reaching $1.92. The trading volume was relatively low at 1,366 shares, compared to the average volume of 127,744. The firm currently has a market capitalization of $6.27 million, a price-to-earnings ratio of -1.09, and a beta of 0.70. In terms of liquidity, ZW Data Action Technologies reported a current ratio and a quick ratio, both at 1.47. The company’s debt-to-equity ratio is notably low at 0.03, providing some cushion during these financial challenges.
Over the past year, the stock has experienced considerable volatility, with a low of $0.96 and a high of $2.78. Analysts have not been optimistic about the stock’s future performance. Weiss Ratings restated a “sell (d-)” rating on ZW Data Action Technologies’ shares on October 30, with one investment analyst also rating the stock as a sell. According to MarketBeat.com, the stock has a consensus rating of “sell,” indicating a cautious outlook from market experts.
Company Overview
ZW Data Action Technologies Inc. operates primarily in the People’s Republic of China, offering a range of services that include omni-channel advertising, precision marketing, and data analysis management systems. Through its subsidiaries, the company provides Internet advertising and related data services tailored to small and medium enterprises. Its platforms, including 28.com and liansuo.com, equip advertisers with essential tools to establish and manage sales channels through various models such as franchisees, sales agents, distributors, and resellers.
As ZW Data Action Technologies navigates these financial challenges, the company’s ability to adapt and respond to market demands will be critical in the upcoming quarters. Investors will be closely monitoring future performance metrics and analyst ratings as they assess the company’s strategic direction and financial health.
