Net Element (NETE) Shares are Down -15.73%

Net Element (NETE) : During the past 4 weeks, traders have been relatively bearish on Net Element (NETE), hence the stock is down -30.41% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -15.17% relative to the S&P 500. The 4-week change in the price of the stock is -30.56% and the stock has fallen -15.73% in the past 1 week.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 24.92% and the fifty day Moving Average is 25.09%. Net Element, Inc. has dropped 33.63% during the last three month period . Year-to-Date the stock performance stands at 697.87%.

Net Element (NETE) : 2 Wall Street analysts covering Net Element (NETE) believe that the average level the stock could reach for the short term is $9.5. The maximum price target given is $15 and the minimum target for short term is around $4, hence the standard deviation is calculated at $7.78.


Net Element (NASDAQ:NETE): stock turned positive on Friday. Though the stock opened at $1.42, the bulls momentum made the stock top out at $1.55 level for the day. The stock recorded a low of $1.42 and closed the trading day at $1.5, in the green by 4.90%. The total traded volume for the day was 236,549. The stock had closed at $1.43 in the previous days trading.

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