Should You Buy Xunlei Ltd (XNET) Stock After it Is Higher By 21.64% in a Week?

The market has been down on Xunlei Ltd (XNET) stock recently. XNET gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Xunlei Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on XNET!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With XNET Stock Today?

Xunlei Ltd (XNET) stock is higher by 20.73% while the S&P 500 is down -0.05% as of 1:50 PM on Tuesday, Jun 6. XNET is higher by $0.28 from the previous closing price of $1.35 on volume of 5,393,237 shares. Over the past year the S&P 500 is higher by 3.64% while XNET is higher by 26.36%. XNET earned $0.25 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.41.

More About Xunlei Ltd

Xunlei Ltd is a cloud based acceleration technology company in China. The company operates a powerful internet platform in China based on cloud computing to provide users with quick and easy access to digital media content through its products and services, Xunlei Accelerator and cloud acceleration subscription services. It is increasingly extending into mobile devices in part through potentially re-installed acceleration products in mobile phones. Benefiting from the large user base accumulated by Xunlei Accelerator, Xunlei has further developed various value added services to meet a fuller spectrum of its users' digital media content access and consumption needs. Click Here to get the full Stock Report for Xunlei Ltd stock.