Cheer (NASDAQ:CHR – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $2.46 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $30.26 million during the quarter.
Cheer Stock Performance
Shares of CHR opened at $1.94 on Thursday. The business has a 50-day moving average of $2.01 and a 200-day moving average of $2.70. Cheer has a 1 year low of $1.25 and a 1 year high of $304.50.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Cheer in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Cheer stock. Jane Street Group LLC acquired a new stake in Cheer Holding, Inc. (NASDAQ:CHR – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 63,046 shares of the company’s stock, valued at approximately $81,000. Jane Street Group LLC owned about 1.34% of Cheer as of its most recent filing with the SEC. Institutional investors and hedge funds 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.
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