Gamehaus (NASDAQ:GMHS) Stock Falls 1.4% – Time to Sell?

Gamehaus Holdings Inc. (NASDAQ:GMHS)’s stock price was down 1.4% during trading on Tuesday. The stock traded as low as $0.69 and last traded at $0.69. Approximately 6,110 shares were traded during trading, a decline of 83% from the average session volume of 35,386 shares. The stock had previously closed at $0.70.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Gamehaus from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Gamehaus Stock Performance

The business has a 50 day simple moving average of $0.77 and a 200-day simple moving average of $0.89. The firm has a market capitalization of $36.96 million, a price-to-earnings ratio of 7.67 and a beta of 0.61.

Gamehaus (NASDAQ:GMHS) last posted its earnings results on Tuesday, September 8th. The company reported $0.02 earnings per share for the quarter. Gamehaus had a net margin of 4.39% and a return on equity of 12.53%. The company had revenue of $24.33 million for the quarter.

About Gamehaus

Gamehaus Holdings Inc is a mobile game developer and publisher. Gamehaus Holdings Inc is headquartered in Beijing, China.