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ZW Data Action Technologies ( (CNET) ) has issued an announcement.
On June 10, 2025, ZW Data Action Technologies issued 358,424 restricted shares of common stock to various investors, including accredited and non-US entities, as part of securities purchase agreements. The shares were sold at $3.0 each, resulting in total gross proceeds of approximately $1,075,272, potentially impacting the company’s financial position and investor relations.
Spark’s Take on CNET Stock
According to Spark, TipRanks’ AI Analyst, CNET is a Underperform.
ZW Data Action Technologies is struggling with severe financial instability, marked by declining revenues and consistent losses. The technical analysis suggests a lack of upward momentum, while valuation metrics highlight the risks due to negative earnings. Without clear signs of improvement in financial performance or positive corporate developments, the stock remains highly risky.
To see Spark’s full report on CNET stock, click here.
More about ZW Data Action Technologies
Average Trading Volume: 15,355
Technical Sentiment Signal: Sell
Current Market Cap: $2.9M
For an in-depth examination of CNET stock, go to TipRanks’ Stock Analysis page.