7.01 -0.37 (-5.01%)
After hours: 6:25PM EDT
|Bid||7.03 x 1400|
|Ask||8.37 x 900|
|Day's Range||7.36 - 7.53|
|52 Week Range||2.60 - 33.51|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Net Element, Inc.'s (NETE) total revenues for Q1 increased 18% year over year to $16.0 million from $13.6 million, despite a 22% decline in international revenues. In addition, transactions are in larger dollar amounts as Net Element focuses more on eat-in dining and retail, which generate higher bills. The combined Russian operations are now stable and should begin to show growth again.
Like many firms claiming they’ll get into blockchain, it’s otherwise hard to get excited about Net Element, an unprofitable processor of online payments, whose shares (NETE) have dropped to eight bucks since their Nasdaq debut five years ago at the equivalent of $1,075, adjusted for two 1-for-10 stock splits. What is impressive, however, is how the Miami-based micro-cap has collected an outsize crew of notables among its backers, including a Kazakh oligarch, a Wall Street crook, CNBC pundit Jon Najarian, and Godfather star James Caan. The stock was the first U.S. foray of Net Element’s 38-year-old chairman, Kenges Rakishev, a celebrity in the former Soviet states, who has brought the wealth of his resource-rich nation of Kazakhstan to bourses from Wall Street to Hong Kong.
One of the stocks boosted in the recent blockchain mania is Net Element, a small firm that offers a big lesson in the unlikely personal connections and influences that modern global markets facilitate. Behind this microcap stock at various times were a Kazakh oligarch, tax-shelter touts, Wall Street crooks, a porno financier, CNBC pundit Jon Najarian, and Godfather star James Caan. There’s even a brief appearance by the hedge fund Platinum Partners, which later collapsed as its bosses Murray Huberfeld and Mark Nordlicht were arrested.
While small-cap stocks, such as Net Element Inc (NASDAQ:NETE) with its market cap of US$28.54M, are popular for their explosive growth, investors should also be aware of their balance sheetRead More...
Net Element (NETE) reported that total revenues for 2017 increased 10.6% year over year to $60.1 million from $54.3 million a year ago. Mobile Payments and PayOnline have been combined to one segment called International. The company has plans to reignite growth for both the US and international operations in 2018.
Net Element Inc (NASDAQ:NETE), a internet company based in United States, received a lot of attention from a substantial price increase on the NasdaqCM over the last few months. Less-covered,Read More...
Net Element shares moved sharply higher after CNBC host Jon Najarian joined the board, but traders will be watching these key levels.
After reading Net Element Inc’s (NASDAQ:NETE) latest earnings update (30 September 2017), I found it beneficial to look back at how the company has performed in the past and compareRead More...
The global financial technology that supports electronic payments acceptance completed a deal of restricted common stock and warrants with a family office that has made a number of investments with blockchain technology platforms. Net Element acquired shares of the Company’s restricted common stock, along with five-year warrants at a price of $11.25 per unit, with each unit amounting to one share of common stock and 60% of a warrant at an exercise price of the stock’s consolidated closing bid price of $11.12 at the end of 2017.
Net Element International Inc (NASDAQ: NETE ), a nano-cap global financial technology and value-added solutions group that supports electronic payments acceptance in an omnichannel environment spanning ...
(Reuters) - Many obscure companies are pivoting operations or changing their names to cash-in on the cryptocurrency wave, in a trend reminiscent of the dotcom boom. Beverage maker Long Island Iced Tea ...
Gainers: Smart Global Holdings Inc (NASDAQ: SGH ) shares are up 8 percent after reporting a big first-quarter earnings beat. First-quarter adjusted EPS came in at $1.05, topping estimates by 13 cents. ...
Net Element International Inc (NASDAQ:NETE), a tiny mobile payment stock, has hit the jackpot with the launch of a brand-new business unit focused on blockchain technology. The Miami-based NETE reveals that it has joined forces with Bunker Capital for the new business unit. In other words, the company wants to connect merchants and consumers directly using blockchain technology, while improving the economic efficiency of the transactions.
Shares of mobile payments company Net Element Inc. soared more than 300 percent after the company announced a new blockchain-focused subsidiary.
Net Element Inc (NASDAQ:NETE), a internet software and services company based in United States, received a lot of attention from a substantial price increase on the NasdaqCM in the overRead More...
The Yahoo Finance team answers your questions about bitcoin: Are cryptocurrencies going to take over the U.S. dollar and other currencies?
The Yahoo Finance team answers your questions about bitcoin: Is there any reason why a typical consumer would prefer to use a cryptocurrency instead of a credit card?
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market action.