Net Element (NETE): conflicted opinions about the future of the

The company reported earnings on August 14. Q2 net revenues were $16.46 million, an increase of 2% compared to the second quarter of 2017 driven by organic growth of the transaction solutions segment. International transaction solutions segment experienced a decline of 19%. The company is not profitable; it generates an EPS of -22 cents per share.

Last month, the company received $7.55 million institutional investment to support growth, specifically to build out smart vendor payment solutions.

The stock has a peculiar pattern; every three months it pops. The last surge was in June, 34%. Before that, the stock more than doubled its value in March this year.

finstead.com/bite/Net-Element-NETE-stock-forecast-prediction-august-17-2018