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NASDAQ:NETE

Net Element Stock Forecast, Price & News

$6.87
-0.02 (-0.29 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$6.66
Now: $6.87
$6.91
50-Day Range
$5.69
MA: $6.96
$8.99
52-Week Range
$1.47
Now: $6.87
$20.08
Volume205,789 shs
Average Volume944,646 shs
Market Capitalization$31.58 million
P/E RatioN/A
Dividend YieldN/A
Beta1.13
Net Element, Inc. operates as a financial technology and value-added solutions company. It operates in two segments, North American Transaction Solutions, and International Transaction Solutions. The company offers a range of payment acceptance and processing services that enable merchants of various sizes to accept and process approximately 100 payment options, including credit, debit, prepaid, and alternative payments; and value-added services and technologies, such as integrated payment technologies, point-of-sale solutions (POS), security solutions, fraud management, information solutions, and analytical tools. Its services include Unified Payments, a payment acceptance solution; Unified m-POS, an easy-to-use mobile application for small and medium sized businesses (SMB); Aptito, a cloud-based POS platform for the hospitality industry and SMB merchants; Restoactive, a visual POS integration solution for restaurants; Zero Pay, a payment acceptance program for SMB merchants; PayOnline, an integrated e-commerce and mobile payments processing platform, and fraud management system; Pay-Travel, a payment processing solutions to the travel industry; Sales Central, a cloud-based solution to enhance responsiveness of indirect non-bank sales forces and sales efficiency; Netevia, which delivers end-to-end payment processing through easy-to-use APIs; and Digital Provider, an integrated direct-carrier and mobile operator solution for smaller content providers and merchants throughout selected international markets. It operates in North America, Russia, Europe, Asia, and the Commonwealth of Independent States. The company was formerly known as Net Element International, Inc. and changed its name to Net Element, Inc. in December 2013. Net Element, Inc. was founded in 2004 and is based in North Miami Beach, Florida.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.73 out of 5 stars

Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
Current SymbolNASDAQ:NETE
CUSIPN/A
Phone305-507-8808
Employees97

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$65 million
Book Value$0.98 per share

Profitability

Net Income$-6,460,000.00

Miscellaneous

Market Cap$31.58 million
Next Earnings Date11/12/2020 (Estimated)
OptionableNot Optionable
$6.87
-0.02 (-0.29 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Net Element (NASDAQ:NETE) Frequently Asked Questions

How has Net Element's stock price been impacted by COVID-19?

Net Element's stock was trading at $2.04 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NETE shares have increased by 236.8% and is now trading at $6.87.
View which stocks have been most impacted by COVID-19
.

When is Net Element's next earnings date?

Net Element is scheduled to release its next quarterly earnings announcement on Thursday, November 12th 2020.
View our earnings forecast for Net Element
.

How were Net Element's earnings last quarter?

Net Element Inc (NASDAQ:NETE) announced its earnings results on Thursday, August, 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.94) by $0.86. The company earned $13.72 million during the quarter, compared to analyst estimates of $10.70 million. Net Element had a negative net margin of 8.71% and a negative return on equity of 135.09%.
View Net Element's earnings history
.

When did Net Element's stock split? How did Net Element's stock split work?

Net Element's stock reverse split on the morning of Thursday, October 5th 2017. The 1-10 reverse split was announced on Wednesday, October 4th 2017. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, October 4th 2017. An investor that had 100 shares of Net Element stock prior to the reverse split would have 10 shares after the split.

Are investors shorting Net Element?

Net Element saw a increase in short interest during the month of September. As of September 30th, there was short interest totaling 305,800 shares, an increase of 357.8% from the September 15th total of 66,800 shares. Based on an average daily volume of 1,460,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 7.5% of the company's stock are short sold.
View Net Element's Short Interest
.

Who are some of Net Element's key competitors?

What other stocks do shareholders of Net Element own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Net Element investors own include Opko Health (OPK), General Electric (GE), EPR Properties (EPR), Novavax (NVAX), VBI Vaccines (VBIV), NVIDIA (NVDA), Pharming Group (PHGUF), Blackstone Group (BX), Inovio Pharmaceuticals (INO) and Sorrento Therapeutics (SRNE).

Who are Net Element's key executives?

Net Element's management team includes the following people:
  • Mr. Oleg Firer, Exec. Chairman & CEO (Age 42)
  • Mr. Steven Wolberg, Chief Legal Officer & Sec. (Age 60)
  • Mr. Jeffrey Ginsberg, CFO, VP of Fin. & Controller (Age 54)
  • Mr. Andrey Krotov, Chief Technology Officer
  • Giovanni Di Febo, Head of Acquiring & Compliance

What is Net Element's stock symbol?

Net Element trades on the NASDAQ under the ticker symbol "NETE."

How do I buy shares of Net Element?

Shares of NETE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Net Element's stock price today?

One share of NETE stock can currently be purchased for approximately $6.87.

How big of a company is Net Element?

Net Element has a market capitalization of $31.58 million and generates $65 million in revenue each year. Net Element employs 97 workers across the globe.

What is Net Element's official website?

The official website for Net Element is www.netelement.com.

How can I contact Net Element?

Net Element's mailing address is 3363 NE 163RD STREET SUITE 705, NORTH MIAMI BEACH FL, 33160. The company can be reached via phone at 305-507-8808 or via email at [email protected]

This page was last updated on 10/25/2020 by MarketBeat.com Staff

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