Cheer (NASDAQ:CHR) Announces Earnings Results

Cheer (NASDAQ:CHR) announced its quarterly earnings data on Friday. The company reported ($4.72) EPS for the quarter, FiscalAI reports. The business had revenue of $38.92 million for the quarter.

Cheer Stock Performance

CHR stock traded down $0.03 during mid-day trading on Friday, reaching $0.88. 33,998 shares of the company’s stock were exchanged, compared to its average volume of 114,323. Cheer has a 12-month low of $0.88 and a 12-month high of $104.50. The stock’s 50 day moving average is $1.34 and its 200 day moving average is $8.43.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CHR shares. Wall Street Zen raised shares of Cheer to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings restated a “sell (d)” rating on shares of Cheer in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

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.