Cheetah Mobile Inc. (NYSE: CMCM) is 77.78% higher on its value in year-to-date trading and has touched a low of $1.09 and a high of $5.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CMCM stock was last observed hovering at around $3.50 in the last trading session, with the day’s loss setting it -0.3% off its average median price target of $9.82 for the next 12 months. It is also 67.41% off the consensus price target high of $9.82 offered by 1 analysts, but current levels are 67.41% higher than the price target low of $9.82 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Currently trading at $3.20, the stock is 9.57% and 35.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -8.57% at the moment leaves the stock 53.98% off its SMA200. CMCM registered 80.41% gain for a year compared to 6-month gain of 42.22%. The firm has a 50-day simple moving average (SMA 50) of $2.5506 and a 200-day simple moving average (SMA200) of $2.1467.
The stock witnessed a 30.61% loss in the last 1 month and extending the period to 3 months gives it a 66.67%, and is -12.81% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.64% over the week and 14.39% over the month.
Cheetah Mobile Inc. (CMCM) has around 2209 employees, a market worth around $411.62M and $292.80M in sales. Current P/E ratio is 2.08 and Fwd P/E is 18.29. Distance from 52-week low is 192.37% and -36.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.70%).
Cheetah Mobile Inc. (CMCM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cheetah Mobile Inc. (CMCM) is a “Sell”. 1 analysts offering their recommendations for the stock have an average rating of 4.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Cheetah Mobile Inc. is expected to release its quarterly report on 05/24/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $75.75M over the same period.The EPS is expected to shrink by -132.10% this year, but quarterly earnings will post -52.70% year-over-year. Quarterly sales are estimated to shrink -51.20% in year-over-year returns.
Cheetah Mobile Inc. (CMCM) Top Institutional Holders
44 institutions hold shares in Cheetah Mobile Inc. (CMCM), with 16.21M shares held by insiders accounting for 11.60% while institutional investors hold 17.85% of the company’s shares. The shares outstanding are 141.70M, and float is at 35.88M with Short Float at 1.41%. Institutions hold 15.78% of the Float.
The top institutional shareholder in the company is Dimensional Fund Advisors LP with over 0.92 million shares valued at $1.89 million. The investor’s holdings represent 2.37% of the CMCM Shares outstanding. As of Sep 29, 2020, the second largest holder is Citadel Advisors LLC with 0.88 million shares valued at $1.81 million to account for 2.27% of the shares outstanding. The other top investors are Ubs Asset Management Americas Inc which holds 0.81 million shares representing 2.10% and valued at over $1.67 million, while Renaissance Technologies, LLC holds 2.02% of the shares totaling 0.78 million with a market value of $1.4 million.
Cheetah Mobile Inc. (CMCM): Who are the competitors?
The company’s main competitors (and peers) include Alphabet Inc. (GOOGL) that is trading 38.48% up over the past 12 months. Baidu Inc. (BIDU) is 158.70% up on the 1-year trading charts. Short interest in the company’s stock has fallen -84.6% from the last report on Dec 30, 2020 to stand at a total of 0.94 million short shares sold with a short interest ratio of 0.51.