Shares of Cheer Holding, Inc. (NASDAQ:CHR – Free Report) are scheduled to reverse split before the market opens on Tuesday, December 23rd. The 1-50 reverse split was announced on Friday, December 19th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, December 22nd.
Cheer Trading Down 21.8%
NASDAQ CHR traded down $0.01 during trading on Friday, hitting $0.03. The stock had a trading volume of 44,887,601 shares, compared to its average volume of 14,860,122. Cheer has a 12 month low of $0.03 and a 12 month high of $2.83. The company’s 50-day moving average price is $0.07 and its two-hundred day moving average price is $0.81.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Cheer in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.
Institutional Investors Weigh In On Cheer
An institutional investor recently bought a new position in Cheer stock. Groupe la Francaise acquired a new position in shares of Cheer Holding, Inc. (NASDAQ:CHR – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 88,035 shares of the company’s stock, valued at approximately $117,000. Groupe la Francaise owned 0.76% of Cheer at the end of the most recent reporting period. Institutional investors own 18.54% of the company’s stock.
About Cheer
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
- Five stocks we like better than Cheer
- How to Effectively Use the MarketBeat Ratings Screener
- Nike Beats on Earnings But Struggles in China and Faces Tariffs
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Is the AI Boom a Bubble? These 2 Dividend Stocks Say No
- How Can Investors Benefit From After-Hours Trading
- 4 High-Potential ETFs for 2026: Small Caps, Space Stocks, and More
Receive News & Ratings for Cheer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheer and related companies with MarketBeat.com's FREE daily email newsletter.
