Glory Star New Media Group Holdings Limited (NASDAQ:GSMG) price on Thursday, August 26, rose 50.97% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.34.
A look at the stock’s price movement, the close in the last trading session was $1.55, moving within a range at $1.97 and $2.43. The PE ratio in trailing twelve months stood at 4.73. Turning to its 52-week performance, $4.86 and $1.28 were the 52-week high and 52-week low respectively. Overall, GSMG moved -2.90% over the past month.
Glory Star New Media Group Holdings Limited’s market cap currently stands at around $187.20 million, with investors looking forward to this quarter’s earnings report slated for Mar 29, 2021. Analysts project the company’s earnings per share (EPS) to be $0, which has seen fiscal year 2021 EPS growth forecast to increase to $0.45 and about $0.57 for fiscal year 2022.
Analysts have a consensus estimate of $160.26 million for the company’s revenue for the quarter, with a low and high estimate of $160.26 million and $160.26 million respectively.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that GSMG is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend GSMG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GSMG’s current price about 25.27% and 6.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.30, while 7-day volatility ratio is 14.65% and 12.12% in the 30-day chart. Further, Glory Star New Media Group Holdings Limited (GSMG) has a beta value of 0, and an average true range (ATR) of 0.27. Analysts have given the company’s stock an average 52-week price target of $6.50, forecast between a low of $6.50 and high of $6.50. Looking at the price targets, the low is -177.78% off current price level while to achieve the yearly target high, price needs to move -177.78%. Nonetheless, investors will most likely welcome a -177.78% jump to $6.50 which is the analysts’ median price.
In the market, a comparison of Glory Star New Media Group Holdings Limited (GSMG) and its peers suggest the former has performed considerably stronger. Data shows GSMG’s intraday price has changed 50.97% in last session and -31.38% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.58% and -0.54% respectively in the last trading.
If we refocus on Glory Star New Media Group Holdings Limited (NASDAQ:GSMG), historical trading data shows that trading volumes averaged 0.4 million over the past 10 days and 210.35K over the past 3 months. The company’s latest data on shares outstanding shows there are 53.84 million shares.
The 63.49% of Glory Star New Media Group Holdings Limited’s shares are in the hands of company insiders while institutional holders own 0.60% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.11 million on May 27, 2021, giving us a short ratio of 0.31. The data shows that as of May 27, 2021 short interest in Glory Star New Media Group Holdings Limited (GSMG) stood at 0.16% of shares outstanding, with shares short rising to 80240.0 registered in Apr 29, 2021. Current price change has pushed the stock -14.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GSMG stock continues to rise going into the next quarter.