Net Element (NETE) Shares are Up 4.1%

Net Element (NETE) has been under a strong bear grip, hence the stock is down -27.18% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.55% in the past 1 week. The stock has risen by 4.1% in the past week indicating that the buyers are active at lower levels, but the stock is down -28.65% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 9.54% and the 50-Day Moving Average is 30.69%.The 200 Day SMA reached 45.33% Net Element, Inc. has dropped 36.82% during the last 3-month period . Year-to-Date the stock performance stands at -33.16%.


Net Element (NETE) : The highest short term price target forecast on Net Element (NETE) is $15 and the lowest target price is $4. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $9.5 with a standard deviation of $7.78.

For the current week, the company shares have a recommendation consensus of Buy. Net Element (NASDAQ:NETE): stock was range-bound between the intraday low of $1.25 and the intraday high of $1.41 after having opened at $1.38 on Fridays session. The stock finally closed in the red at $1.38, a loss of -6.62%. The stock remained in the red for the whole trading day. The total traded volume was 1,369,748 shares. The stock failed to cross $1.41 in Fridays trading. The stocks closing price on Thursday was $1.27.

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