Could Net Element International Inc (NETE) Gain Strenght? The Stock Reaches 52-Week Low

July 17, 2017 - By Linda Rogers

The stock of Net Element International Inc (NASDAQ:NETE) hit a new 52-week low and has $0.45 target or 4.00 % below today’s $0.47 share price. The 8 months bearish chart indicates high risk for the $8.52M company. The 1-year low was reported on Jul, 17 by Barchart.com. If the $0.45 price target is reached, the company will be worth $340,800 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 37,352 shares traded. Net Element International Inc (NASDAQ:NETE) has declined 72.50% since July 17, 2016 and is downtrending. It has underperformed by 89.20% the S&P500.

More notable recent Net Element International Inc (NASDAQ:NETE) news were published by: Marketwired.com which released: “Net Element Releases Update Letter to Shareholders” on July 12, 2017, also Seekingalpha.com with their article: “Net Element’s (NETE) CEO Oleg Firer on Q4 2016 Results – Earnings Call Transcript” published on April 03, 2017, Seekingalpha.com published: “Net Element: Undervalued Payment Processor Focused To Grow” on October 30, 2014. More interesting news about Net Element International Inc (NASDAQ:NETE) were released by: Marketwired.com and their article: “Net Element’s Unified Payments to Offer Planet Payment’s Multi-Currency …” published on March 21, 2017 as well as Marketwired.com‘s news article titled: “Net Element’s PayOnline Announces Partnership with Payvision in Europe …” with publication date: June 21, 2017.

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