Net Element, Inc. (NETE) Evaluated in Zacks Small-Cap Research Report
Earlier this week, Zacks Small-Cap Research issued a new report on Net Element, Inc. (NASDAQ: NETE). The report focused on the company’s recently released third quarter financial results, which, in addition to including an 11 percent year-over-year increase in net revenues, showed positive adjusted EBITDA for the second consecutive quarter. Zacks studied Net Element’s competitors and determined that the average valuation for companies operating in the payments space totaled roughly 7.5 times the enterprise value to trailing 12-month gross margin. Applying this multiple to Net Element’s trailing 12-month gross margin, Zacks forecast that NETE stock could be worth $4.18 per…







