March 18, 2010 (Chinavestor) China Finance Online (NASDAQ:JRJC), a financial data provider company, reported 2009 four quarter and full year financial results two days ago. Shares of the company advanced give or take +4% the following two days. But volume remains relatively low and investors started to wonder if how much the four percent advance is a result of a strong market sentiment. The DJIA just hit 10,740 - a 17 month high as financials and energy stocks advanced.While China Finance Online (NASDAQ:JRJC) reported solid revenue growth for the fourth quarter in a row, net loss widened to $-2.7 million. The company provided a 2010 revenue guidance around 10% above 2009 levels.
Another angle to the chart is the addition of the stock price development during examined periods. Based on latest trends, with giving net loss a high weight, I think shares of China Finance Online (NASDAQ:JRJC) are overvalued.
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