Cheetah Mobile Inc ADR (NYSE: CMCM) is 32.02% higher on its value in year-to-date trading and has touched a low of $1.64 and a high of $2.98 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 $2.68 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $3.01, the stock is 20.87% and 31.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.15 million and changing 12.31% at the moment leaves the stock 38.95% off its SMA200. CMCM registered 34.98% gain for a year compared to 6-month gain of 57.59%. The firm has a 50-day simple moving average (SMA 50) of -$0.16 and a 200-day simple moving average (SMA200) of $0.67.
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The stock witnessed a 26.47% loss in the last 1 month and extending the period to 3 months gives it a 33.78%, and is 31.44% 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 11.48% over the week and 6.70% over the month.
Cheetah Mobile Inc ADR (CMCM) has around 713 employees, a market worth around $28.87M and $94.56M in sales. Profit margin for the company is -89.88%. Distance from 52-week low is 83.54% and 1.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.76%).
Cheetah Mobile Inc ADR quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $116.02M over the same period., but quarterly earnings will post -46.40% year-over-year. Quarterly sales are estimated to shrink -46.40% in year-over-year returns.
12 institutions hold shares in Cheetah Mobile Inc ADR (CMCM), with institutional investors hold 1.04% of the company’s shares. The shares outstanding are 9.59M, and float is at 9.56M with Short Float at 0.26%. Institutions hold 0.94% of the Float.
The top institutional shareholder in the company is Acadian Asset Management. LLC with over 42709.0 shares valued at $99511.0. The investor’s holdings represent 0.14% of the CMCM Shares outstanding. As of Jun 29, 2023, the second largest holder is Renaissance Technologies, LLC with 42823.0 shares valued at $99777.0 to account for 0.14% of the shares outstanding. The other top investors are Russell Investments Group, Ltd. which holds 38766.0 shares representing 0.13% and valued at over $90324.0, while Citadel Advisors Llc holds 0.08% of the shares totaling 23159.0 with a market value of $53960.0.
