Gaia (NASDAQ:GAIA) Stock Breaks Above Fifty Day Moving Average – Time to Sell?
by Sarita Garza · The Markets DailyGaia, Inc. (NASDAQ:GAIA – Get Free Report)’s stock price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $1.40 and traded as high as $1.4650. Gaia shares last traded at $1.44, with a volume of 111,637 shares.
Analyst Ratings Changes
GAIA has been the subject of a number of research reports. Weiss Ratings cut shares of Gaia from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 21st. Wall Street Zen downgraded Gaia from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Read Our Latest Report on Gaia
Gaia Stock Up 0.7%
The firm’s 50-day moving average is $1.40 and its 200 day moving average is $2.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.41 and a quick ratio of 0.41.
Gaia (NASDAQ:GAIA – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.01. Gaia had a negative net margin of 6.08% and a negative return on equity of 5.82%. The company had revenue of $23.33 million for the quarter, compared to the consensus estimate of $24.60 million. On average, equities research analysts forecast that Gaia, Inc. will post -0.41 earnings per share for the current fiscal year.
Institutional Trading of Gaia
A hedge fund recently bought a new stake in Gaia stock. Marquette Asset Management LLC bought a new stake in Gaia, Inc. (NASDAQ:GAIA – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 90,158 shares of the company’s stock, valued at approximately $189,000. Marquette Asset Management LLC owned about 0.36% of Gaia at the end of the most recent quarter. Institutional investors own 40.53% of the company’s stock.
About Gaia
Gaia, Inc is a digital media and subscription streaming company that provides programming focused on yoga, fitness, meditation, spirituality, personal growth and conscious living. Its platform is designed for viewers seeking wellness-oriented content, educational programming and alternative perspectives not typically offered by mainstream entertainment services.
The company offers a library of on-demand videos, including original series, documentaries, interviews, classes and instructional programs.