Netshoes (CAYMAN) Ltd (NYSE:NETS)
June 13th, 2019
With markets going up Netshoes (CAYMAN) Ltd closed Thursday up 11.76%, a $0.40 increase to close on $3.80. Furthermore it hit a new 52 week high of $3.85. The stock continues to trade well at 300.00% of its 52 week low of $0.95. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be -0.75.
NETS outperformed the rest of the Consumer Discretionary sector which went up 0.90% today.
The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.
Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.
- Energy, up 1.25%.
- Communication Services, up 1.14%.
- Consumer Discretionary, up 0.90%.
- Materials, up 0.58%.
- Industrials, up 0.54%.
- Financials, up 0.23%.
- Information Technology, up 0.22%.
- Utilities, up 0.15%.
- Consumer Staples, up 0.11%.
- Real Estate, up 0.09%.
- Healthcare, down -0.11%.
Netshoes (CAYMAN) Ltd Info
Netshoes (Cayman) Limited, through its subsidiaries, operates as a sports and lifestyle online retailer in Brazil and Argentina. It offers various products, including athletic shoes, jerseys, apparels, accessories, and sporting equipment of international, local, and private brands, as well as fashion primarily under the Netshoes and Zattini brands. The company operates through its e-commerce Websites, such as netshoes.com, shoestock.com, zattini.com, and freelace.com. Netshoes (Cayman) Limited was founded in 2000 and is headquartered in São Paulo, Brazil.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Netshoes (CAYMAN) Ltd’s score is -0.75) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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