Glory Star New Media Group Holdings Limited (NASDAQ:GSMG) price closed lower on Tuesday, September 14, dropping -4.17% below its previous close.
A look at the daily price movement shows that the last close reads $2.40, with intraday deals fluctuated between $2.28 and $2.40. The company’s P/E ratio in the trailing 12-month period read 12.92. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.86 and 52-week low of $1.28. The stock added 28.53% on its value in the past month.
Glory Star New Media Group Holdings Limited, which has a market valuation of $155.36 million, is expected to release its quarterly earnings report Sep 09, 2021 – Sep 10, 2021. Analysts tracking GSMG have forecast the quarterly EPS to shrink by 0 per share this quarter, while the same analysts predict the annual EPS to hit $0.45 for the year 2021 and up to $0.54 for 2022.
On average, analysts have forecast the company’s revenue for the quarter will hit $162.89 million, with the likely lows of $162.89 million and highs of $162.89 million. Staying with the analyst view, there is a consensus estimate of $162.89 million for the company’s annual revenue in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GSMG a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned GSMG a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Glory Star New Media Group Holdings Limited (GSMG) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that GSMG’s price is at present 7.96% off the SMA20 and 6.37% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 51.65, with weekly volatility standing at 6.68%. The indicator jumps to 14.53% when calculated based on the past 30 days. Glory Star New Media Group Holdings Limited (NASDAQ:GSMG)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.27. Considering analysts have assigned the stock a price target range of $7.50-$7.50 as the low and high respectively, we find the trailing 12-month average consensus price target to be $7.50. Based on this estimate, we see that current price is roughly -226.09% off the estimated low and -226.09% off the forecast high. Investors will no doubt be excited to see the share price fall to $7.50, which is the median consensus price, and at that level GSMG would be -226.09% from current price.
An analysis of the Glory Star New Media Group Holdings Limited (NASDAQ:GSMG) stock in terms of its daily trading volume indicates that the 3-month average is 2.22 million.
Current records show that the company has 53.84M in outstanding shares. The insiders’ percentage holdings are 63.49% of outstanding shares while the percentage share held by institutions stands at 0.60%. But the -16.36% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.