Recently, the stock of Xunlei (XNET, Financial) experienced significant movement with a swift increase of 5.21% in its price. The stock is currently trading at $2.30 per share, with a trading volume of 267,663 shares and a turnover rate of 0.42%. It is worth noting that the price fluctuation for the day stands at 5.03%.
The latest financial reports reveal that Xunlei achieved a revenue of $79.33 million, a net profit of $2.76 million, and an earnings per share of $0.04. The company boasts a gross profit of $40.70 million and a price-to-earnings ratio of 10.28. As of now, no financial institutions have provided a buy, hold, or sell recommendation for Xunlei's stock.
In the software services industry where Xunlei operates, there is an overall decline of 0.46%. Among related stocks, Versus Systems Inc, Cerence Inc, and 360 Finance exhibited notable gains, while Cemtrex Inc., Microalgo, Inc., and Cerence Inc. remained active with high turnover rates of 1676.29%, 122.07%, and 19.20%, respectively. Moreover, stocks with significant price swings include Multisensor Ai Holdings Inc, Surgepays Inc, and 360 Finance, with volatilities of 115.34%, 56.22%, and 36.15%.
About Xunlei: Xunlei Networking Technologies Co., Ltd. is a China-based company specializing in cloud-acceleration technology. It operates a robust cloud-based internet platform in China, offering users rapid and convenient access to digital media content through its products and services, such as Xunlei Accelerator and cloud subscription services. The company is expanding its reach to mobile devices, in part through pre-installed accelerator products on phones. Xunlei has developed various value-added services to meet the comprehensive digital media content access and consumption needs of its users.
