Cheer (CHR) Projected to Release Quarterly Earnings on Wednesday

Cheer (NASDAQ:CHR) is expected to release its results before the market opens on Wednesday, August 5th. Analysts expect the company to announce earnings of $345.00 per share and revenue of $73.0010 million for the quarter.

Cheer Stock Performance

NASDAQ CHR opened at $1.88 on Monday. Cheer has a twelve month low of $1.25 and a twelve month high of $304.50. The stock has a fifty day simple moving average of $2.01 and a 200 day simple moving average of $2.66.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Cheer in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Cheer

A hedge fund recently bought a new position in Cheer stock. Jane Street Group LLC purchased a new position in shares of Cheer Holding, Inc. (NASDAQ:CHR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 63,046 shares of the company’s stock, valued at approximately $81,000. Jane Street Group LLC owned approximately 1.34% of Cheer as of its most recent filing with the SEC. Institutional investors own 18.54% of the company’s stock.

Cheer Company Profile

Cheer Holding, Inc, through its subsidiaries, provides advertisement and content production services in the People’s Republic of China. It operates through Cheers APP Internet Business and Traditional Media Businesses segments. The company also engages in mobile and online advertising, and media and entertainment businesses. In addition, it operates CHEERS app, an integrated e-commerce service with professionally produced content; CHEERS Video app, a media platform that engages users with content; and CHEERS e-Mall, an e-Mall app that offers products to the users through third party merchants through live streaming, online short videos, and online games.