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Tag: XNET

  • Why Xunlei Limited (XNET) stock rallied in Pre-Market trading?

    Xunlei Limited (XNET) announced its unaudited fourth-quarter financial results and fiscal year 2020 results after which XNET stock price saw a jump of 12.40% to reach $8.70 a share as of this writing. XNET per share price was $7.74 at the previous closing with a 3.20% gain.Let’s deep dive to explore more of it.

    What’s happening?

    Xunlei Limited is a digital media content cloud-based platform in China.Unaudited fourth quarter and fiscal year 2020 results have added more hype to the XNET stock price today.Here is the summary of the results.

    Fourth-quarter 2020 Results:

    • Xunlei Stock reached US$50.3 million in revenue representing a 15% increase from the previous quarter.
    • US$25.9 million revenue generated from cloud computing and other internet value-added services which shows a 22% increase from the last quarter.
    • Subscription and Online advertising revenues were US$20.7 million and US$3.8 million respectively with5.5% and 27.6% increase as compared to the previous quarter.
    • Gross profit was US$26.8 million with an 18.3% increase as compared to the previous quarter while gross margin was 53.3% as compared to 51.9% of the previous quarter.
    • US$4.6 million net income was generated in the fourth quarter of 2020 while US$1.5 million of net loss was recorded in the previous quarter.
    • Diluted loss per ADS was approximately US$0.07 in the fourth quarter of 2020 while it was US$0.02 in the last quarter.

    The fiscal Year 2020 Results:

    • XNET stock generated US$186.7 million in revenue with a 3.0% increase over the year.
    • US$25.9 million revenue generated from cloud computing andIVAS representing a 6.0% increase over the year.
    • Subscription revenues were US$84.3 million with a 3.4% YoY increase while Online advertising revenues were recorded US$13.2 million with a 15.6% decrease over the year.
    • Gross profit was US$93.7million with a 16.1% increase as compared to 2019 while gross margin was 50.2% as compared to 44.5% of 2019.
    • Net loss totaled US$14.1 million in 2020 as compared to US$53.4 million net loss in 2019.
    • Diluted loss per ADS was US$0.21 in 2020 while it was US$0.79 in 2019.

    XNET stock had cash, cash equivalents, and short-term investments of US$255.1 million at the end of the fiscal year 2020 as compared to US$246.0 million at the end of the third quarter of 2020.

    Conclusion:

    XNET stock news about its earnings report has added more hype in the XNET stock price. For the first quarter of 2021, Xunlei stock has projected its revenue to be between US$53 million and US$56 million which represents 8% quarterly revenue growth. Estimated financial guidance for the first quarter of 2021 points to the further growth of Xunlie Stock. Hence it can be a good bet for investors in the future.

  • 29 Stocks Taking Bigger Strides in Pre Market Session

    29 Stocks Taking Bigger Strides in Pre Market Session

    Aethlon Medical Inc. (NASDAQ: AEMD) shares are trading down -7.08% at $2.1 at the time of writing after reporting First Patient Treated in First-in-Human Clinical Trial of HEMOPURIFIER® in Head and Neck Cancer. Company’s 52-week ranged between $0.76 to $4.34.

    Nxt-ID Inc. (NXTD) stock soared 41.77% to $1.31 in the pre-market trading. The most recent rating by Maxim Group, on November 20, 2017, is a Buy.

    Atossa Therapeutics Inc. (ATOS) gained over 9.38% at $1.05 in pre-market trading Thursday December 17, 2020.

    iQIYI Inc. (IQ) stock moved up 1.8 percent to $18.43 in the pre-market trading following the pricing of its offering of US$800 Million 4.00% convertible senior notes due 2026 and its offering of 40,000,000 American Depositary Shares.

    Naked Brand Group Limited (NAKD), a Apparel Manufacturing company, dropped about -2.44% at $0.1561 in pre-market trading Thursday.

    Diginex Limited (EQOS) is up more than 8.02% at $10.5 in pre-market hours Thursday December 17, 2020. The stock had jumped over 35.75% to $9.72 in the last trading session.

    Riot Blockchain Inc. (RIOT) gained over 9.67% at $11.8 in pre-market trading Thursday December 17, 2020. The firm recently reported an 8 megawatt (MW) pilot project to assess the potential for higher productivity and lower cost mining opportunities in Texas.

    Marathon Patent Group Inc. (MARA) grew over 19.81% at $9.86 in pre-market trading today.

    Zomedica Corp. (ZOM) is down more than -1.97% at $0.1594 in pre-market hours Thursday December 17, 2020. The stock had dropped over -3.21% to $0.16 in the last trading session.

    Phunware Inc. (NASDAQ: PHUN) shares are trading up 4.85% at $1.02 at the time of writing. Company’s 52-week ranged between $0.54 to $3.00. Analysts have a consensus price target of $4.

    Before the trading started on December 17, 2020, Genius Brands International Inc. (GNUS) is down -2.37% to reach $1.65. It has been trading in a 52-week range of $0.05 to $11.73.

    Before the trading started on December 17, 2020, Jaguar Health Inc. (JAGX) is down -2.52% to reach $0.4099. It has been trading in a 52-week range of $0.19 to $1.08.

    Kinross Gold Corporation (KGC) grew over 2.2% at $7.43 in pre-market trading today.

    Neovasc Inc. (NVCN) stock plunged -6.25% to $0.9 in the pre-market trading after declaring publication of peer-reviewed article in Euro Intervention. The most recent rating by Canaccord Genuity, on January 19, 2018, is a Buy.

    Transocean Ltd. (RIG) stock moved up 3.31 percent to $2.5 in the pre-market trading.

    Moderna Inc. (MRNA), a Biotechnology company, dropped about -1.66% at $134.75 in pre-market trading Thursday. The firm recently revealed that the it concluded an agreement with the Ministry of Health of Singapore to supply mRNA-1273, Moderna’s vaccine candidate against COVID-19

    Yamana Gold Inc. (AUY) stock soared 2.13% to $5.75 in the pre-market trading. The most recent rating by BMO Capital Markets, on November 16, 2020, is an Outperform.

    BioLineRx Ltd. (NASDAQ: BLRX) shares are trading up 3.15% at $2.95 at the time of writing after revealing final results from Phase 2 a COMBAT/KEYNOTE-202 triple combination study of Motixafortide in second line Metastatic Pancreatic Cancer (PDAC). Company’s 52-week ranged between $1.06 to $3.72. Analysts have a consensus price target of $3.

    MicroVision Inc. (MVIS) tumbled over -0.5% at $3.99 in pre-market trading today.

    DAVIDsTEA Inc. (DTEA), a Packaged Foods company, dropped about -2.12% at $2.31 in pre-market trading Thursday following release its third quarter results for the period ended October 31, 2020.

    Bit Digital Inc. (BTBT) gained over 18.02% at $5.96 in pre-market trading Thursday December 17, 2020.

    BioCardia Inc. (BCDA) is up more than 3.45% at $6.0 in pre-market hours Thursday December 17, 2020 after reporting $10.5 million registered direct offering priced at-the-market under Nasdaq rules. The stock had dropped over -13.43% to $5.80 in the last trading session.

    Before the trading started on December 17, 2020, Canaan Inc. (CAN) is up 15.79% to reach $4.4. It has been trading in a 52-week range of $1.76 to $8.69.

    TransEnterix Inc. (TRXC) stock plunged -0.39% to $0.58 in the pre-market trading. The firm today revealed that Southern Surgical Hospital has entered into an agreement to lease and utilize a Senhance® Surgical System. The most recent rating by RBC Capital Mkts, on August 08, 2019, is a Sector perform.

    Xunlei Limited (NASDAQ: XNET) shares are trading up 7.89% at $3.28 at the time of writing. Company’s 52-week ranged between $2.38 to $5.94.

    Coeur Mining Inc. (CDE) grew over 4.09% at $10.7 in pre-market trading today after revealing details of the expansion of its Rochester silver-gold mine in Nevada, reflecting significant reserve growth and the benefits of a larger-scale expansion project.

    Hecla Mining Company (HL) stock moved up 2.41 percent to $5.96 in the pre-market trading.

    9 Meters Biopharma Inc. (NMTR), a Biotechnology company, rose about 19.21% at $0.9 in pre-market trading Thursday after declaring closing of offering of common stock.

    First Majestic Silver Corp. (AG) stock moved up 1.74 percent to $12.3 in the pre-market trading.