It’s worth it to have a look at ChinaNet Online Holdings, Inc. (NASDAQ:CNET) as there may be a chasm between the bulls and the bears as far as recent trading activity goes. Now trading with a market value of 15.87M, the company has a mix of catalysts and obstacles that spring from the nature of its operations. Everyone seems to have their own opinion of this stock. But what do the numbers really say? We think it’s a great time to take a fresh look.
ChinaNet Online Holdings, Inc. (NASDAQ:CNET) Fundamentals That Matter
It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For CNET, the company currently has 3.51 million of cash on the books, which is offset by 738,000 in current liabilities. The trend over time is important to note. In this case, the company’s debt has been growing. The company also has 30.25 million in total assets, balanced by 9 million in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts.
ChinaNet Online Holdings, Inc. (CNET) saw 732,000 in free cash flow last quarter, representing a quarterly net change in cash of 769,000. Perhaps most importantly where cash movements are concerned, the company saw about 734,000 in net operating cash flow.
ChinaNet Online Holdings, Inc. (NASDAQ:CNET) Revenue Growth Potential
As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. Last quarter, the company saw 10.5 million in total revenues. That represents a quarterly year/year change in revenues of 0.24 in sequential terms, the CNET saw sales decline by 0.45.
But what about the bottom line? After all, that’s what really matters in the end. ChinaNet Online Holdings, Inc. (CNET) is intriguing when broken down to its core data. The cost of selling goods last quarter was 9.15 million, yielding a gross basic income of 1.35 million. For shareholders, given the total diluted outstanding shares of 12 million, this means overall earnings per share of -0.07.
Is ChinaNet Online Holdings, Inc. (NASDAQ:CNET) Valuation Attractive
One should always remember: the trends are more important than the forecasts. This continues to be an interesting story, and we look forward to updating it again soon on ChinaNet Online Holdings, Inc..