Cheer (CHR) Expected to Announce Quarterly Earnings on Wednesday

by · The Markets Daily

Cheer (NASDAQ:CHR – Get Free Report) will likely be releasing its results before the market opens on Wednesday, August 5th. Analysts expect the company to post earnings of $345.00 per share and revenue of $73.0010 million for the quarter.

Cheer Stock Down 1.1%

CHR stock opened at $1.86 on Tuesday. The stock has a 50-day simple moving average of $2.01 and a two-hundred day simple moving average of $2.63. Cheer has a twelve month low of $1.25 and a twelve month high of $282.00.

Institutional Trading of Cheer

A hedge fund recently bought a new position in Cheer stock. Jane Street Group LLC purchased a new stake in shares of Cheer Holding, Inc. (NASDAQ:CHR – Free Report) in the fourth quarter, according to the company in its most recent 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 about 1.34% of Cheer at the end of the most recent quarter. Institutional investors and hedge funds own 18.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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, According to MarketBeat.com, Cheer has a consensus rating of “Sell”.

Check Out Our Latest Research Report on Cheer

Cheer Company Profile

(Get Free Report)

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.

Further Reading