ZW Data Action Technologies Sells Shares to Strategic Investors

The latest announcement is out from ZW Data Action Technologies ( (CNET) ).

On May 8 and May 13, 2025, ZW Data Action Technologies Inc. entered into securities purchase agreements with Golden Harvest Trust Limited, BlackSilver Trust (Hong Kong) Limited, and Chaucer Investment & Consulting Limited, selling a total of 357,300 shares of common stock at $2.1 per share. Each purchaser agreed to a lock-up period of six months, indicating a strategic move to secure long-term investment and stability in the company’s stock. These transactions were conducted under exemptions from registration under the Securities Act of 1933, targeting accredited investors.

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: 13,200

Technical Sentiment Signal: Sell

Current Market Cap: $3.75M

Learn more about CNET stock on TipRanks’ Stock Analysis page.