Cheetah Mobile Inc. (NYSE: CMCM) is 28.89% 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 $2.21 in the last trading session, with the day’s gains setting it 0.11% off its average median price target of $13.05 for the next 12 months. It is also 85.74% off the consensus price target high of $16.27 offered by 2 analysts, but current levels are 76.37% higher than the price target low of $9.82 for the same period.
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Currently trading at $2.32, the stock is -4.41% and -14.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing 4.98% at the moment leaves the stock 4.41% off its SMA200. CMCM registered 96.53% gain for a year compared to 6-month gain of 14.85%. The firm has a 50-day simple moving average (SMA 50) of $2.6821 and a 200-day simple moving average (SMA200) of $2.2464.
The stock witnessed a -2.93% loss in the last 1 month and extending the period to 3 months gives it a 27.47%, and is 6.91% up 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 6.45% over the week and 9.45% over the month.
Cheetah Mobile Inc. (CMCM) has around 2209 employees, a market worth around $315.71M and $252.20M in sales. Current P/E ratio is 5.12 and Fwd P/E is 12.89. Distance from 52-week low is 111.97% and -53.60% from its 52-week high.
Cheetah Mobile Inc. (CMCM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cheetah Mobile Inc. (CMCM) is a “Underweight”. 2 analysts offering their recommendations for the stock have an average rating of 4.00, where 1 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 08/24/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $198.54M over the same period.The EPS is expected to shrink by -47.30% this year, but quarterly earnings will post -16.30% year-over-year. Quarterly sales are estimated to shrink -16.30% in year-over-year returns.
Cheetah Mobile Inc. (CMCM) Top Institutional Holders
35 institutions hold shares in Cheetah Mobile Inc. (CMCM), with 16.09M shares held by insiders accounting for 11.47% while institutional investors hold 14.76% of the company’s shares. The shares outstanding are 141.93M, and float is at 36.38M with Short Float at 2.83%. Institutions hold 13.07% of the Float.
The top institutional shareholder in the company is Dimensional Fund Advisors LP with over 0.89 million shares valued at $1.6 million. The investor’s holdings represent 2.04% of the CMCM Shares outstanding. As of Dec 30, 2020, the second largest holder is Ubs Asset Management Americas Inc with 0.81 million shares valued at $1.46 million to account for 1.86% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 0.78 million shares representing 1.79% and valued at over $1.4 million, while Connor Clark & Lunn Investment Management Ltd holds 1.30% of the shares totaling 0.57 million with a market value of $1.02 million.
Cheetah Mobile Inc. (CMCM): Who are the competitors?
The company’s main competitors (and peers) include Alphabet Inc. (GOOGL) that is trading 102.18% up over the past 12 months and Apple Inc. (AAPL) that is 109.12% higher over the same period. Baidu Inc. (BIDU) is 133.08% up on the 1-year trading charts. Short interest in the company’s stock has risen 21.42% from the last report on Feb 11, 2021 to stand at a total of 0.81 million short shares sold with a short interest ratio of 0.99.