Don’t Let Fear Of Missing Out Drive Investment Decisions: Xunlei Limited (XNET), Telenav, Inc. (TNAV)

The price of Xunlei Limited (NASDAQ:XNET) went up by $0.07 now trading at $2.25. Their shares witnessed a 13.07% increase from the 52-week low price of $1.99 they recorded on 2019-06-07. Even though it is still -514.67% behind the $13.83 high touched on 2018-06-13. The last few days have been rough for the stock, as its price has decreased by -1.75% during the week. It has also performed poorly over the past three months, as it lost around -42.16% while it has so far retreated around -85.65% during the course of a year. The stock of XNET recorded -33.82% downtrend from the beginning of this year till date. The 12-month potential price target for Xunlei Limited is set at $12. This target means that the stock has an upside potential to increase by 433.33% from the current trading price.

7 institutions entered new Xunlei Limited (NASDAQ:XNET) positions, 22 added to their existing positions in these shares, 25 lowered their positions, and 9 exited their positions entirely.

Xunlei Limited (XNET) trade volume has decreased by -70.38% as around 198,025 shares were sold when compared with its 50-day average volume of traded shares which is 668,648. At the moment, XNET is witnessing a downtrend, as it is trading -12.79% below its 20-day SMA, -30.04% below its 50-day SMA, and -53.02% below its 200-day SMA. The company runs an ROE of roughly -15.4%, with financial analysts predicting that their earnings per share growth will be around 19% per annum for the next five year. This will be compared to the -21.3% decrease witnessed over the past five years.

The first technical resistance point for Xunlei Limited (NASDAQ:XNET) will likely come at $2.29, marking a 1.75% premium to the current level. The second resistance point is at $2.34, about 3.85% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $2.12, the lower end of the range. XNET’s 14-day MACD is -0.14 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 30.49, which shows that its stock has been oversold. The 20-day historical volatility for the stock stands at 62.58 percent, which is high when compared to that of the 50-day’s 62.02 percent.

The shares of Telenav, Inc. (NASDAQ:TNAV) has increased by 3.86%, and now trading at $7.54 on the Wall Street in the intra-day deal, with their shares traded now around 276,361. This is a rise of 8,991 shares over the average 267,370 shares that were traded daily over the last three months. The stock that is trading at $7.54 went higher by 125.07% from its 52-week low of $3.35 that it attained back on 2018-12-26. The stock recorded a 52-week high of $7.92 nearly 22 days ago on 2019-05-22.

TNAV stock has performed well over the past 30 days, as it added 13.04% while its price climbed by 85.71% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 1.07% over the last week. The stock’s 12-month potential target price is now at $9.83. This means that the stock price might likely increase by 30.37% from its current trading price. 3 out of 3 Wall Street analysts which represents 100% rated the stock as a buy while the remaining 0% rated it as a hold, with 0% of analysts rating it as a sell.

Telenav, Inc. (NASDAQ:TNAV) has been utilizing an ROE that is roughly -45.7%, with stock analysts predicting that the company’s EPS for the next five years will go up by 25% per year, following the -69.1% drop that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 2.36% above its 20-day SMA, 11.47% above its 50-day SMA, and 41.07% above its 200-day SMA. In percentage terms, the aggregate Telenav, Inc. shares held by institutional investors is 51.1%. 21 institutions jumped in to acquire Telenav, Inc. (TNAV) fresh stake, 47 added to their current holdings in these shares, 27 lowered their positions, and 7 left no stake in the company.

The stock’s 9-day MACD is -0.04 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 60.08, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 35.11 percent, which is less when compared to that of the 50-day’s 39.69 percent. On the daily chart, we see that the stock could reach the first level of resistance at $7.66, sporting a 1.57% premium to the current level. The next resistance point is at $7.78, representing nearly 3.08% premium to the current market price of Telenav, Inc. (TNAV). On the other hand, failure to breach the immediate hurdles can drag it down to $7.12, the lower end of the range.