Cheetah Mobile Inc. (NYSE:CMCM) concluded the trading at $2.45 on Thursday, Jan 21, with a rise of 22.5% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $2 and 5Y monthly beta was reading 1.37 with its price kept floating in the range of $1.9800 and $2.4800 on the day. Company’s P/E ratio for the trailing 12 months is 1.6. Considering stock’s 52-week price range provides that CMCM hit a high price of $2.98 and saw its price falling to a low level of $1.09 during that period. Over a period of past 1-month, stock came adding 25.64% in its value.
With its current market valuation of $354.81 Million, Cheetah Mobile Inc. is set to declare its quarterly results on Mar 22, 2021- Mar 26, 2021. CMCM Stock’s Forward Dividend of 0 and its yield of 0% are making investors’ thoughts stronger that it could fall further before the company announces its earnings for the current quarter. Analysts are in estimates of $0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving down to $0.08 for 2021 with estimates of that growing to $0.18 in next year. These estimates are suggesting current year growth of -0.76% for EPS and 1.25% growth next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $75.75 Million. They suggested that in the process company could generate revenue of as low as $192.6 Million which could climb up to $192.6 Million to hit a high. The average estimate is representing an increase of -51.2% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $241.95 Million in 2021, which will be -52.8% less from revenue generated by the company last year.
In contrast, when we review CMCM stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of 50% Buy for it.
According to ratings assigned by 1 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; none of them are recommending Cheetah Mobile Inc. (CMCM) as a Hold, while none are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas 1 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Sell and that encourages the investors to exploit the opportunity and build their stake up in the company.
In comparing Cheetah Mobile Inc. (CMCM)’s stock with other industry players reveals that stock’s current price change of +22.5% and that of +8.4% over the past 12 months is in competing position with that of Paypal Holdings (PYPL) which saw its stock price raised by 1.79% in the last trading and went through an increase of 115.27% in past 12-month trading. Industry’s another major player Zoom Video Communications Cl A (ZM) has fell 0% down in previous session, but over the past year has faced a rise of 406.3%, while Square (SQ) was also up 22.5% however its price remained floating in the green at 8.4% over the same period. Cheetah Mobile Inc. has a P/E ratio of 1.6 against that of Paypal Holdings’s 93.9 while Zoom Video Communications Cl A is showing 266.58 for the same. On the other hand, the S&P 500 Index was up 0.03% in the last trading session while the Dow Jones Industrial closed the session lower at -0.04%.
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Having a second look at Cheetah Mobile Inc. (NYSE:CMCM) provides that stock’s average daily trading volume for 3 months was 505.62 Million, while it jumped to 564.37 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 139.81 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 11.6% while it is 15.78% for the institutional holders. The figures also indicate that as of December 30, 2020, number of stock’s short shares was 936440000 which implies a short ratio of 1.55. This shows up a 0.67% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short improved as it was 1.09 Million in the previous month. Addition of +36.11% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
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