Cheer (NASDAQ:CHR) Releases Earnings Results

Cheer (NASDAQ:CHR) announced its quarterly earnings data on Tuesday. The company reported $2.46 earnings per share for the quarter, FiscalAI reports. The business had revenue of $30.26 million during the quarter.

Cheer Price Performance

Shares of CHR traded up $0.03 during trading hours on Tuesday, reaching $1.95. The stock had a trading volume of 73,624 shares, compared to its average volume of 104,068. Cheer has a 52 week low of $1.25 and a 52 week high of $304.50. The firm has a 50-day moving average of $2.00 and a 200 day moving average of $2.74.

Institutional Investors Weigh In On Cheer

An institutional investor recently bought a new stake in Cheer stock. Jane Street Group LLC bought a new position in shares of Cheer Holding, Inc. (NASDAQ:CHR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 63,046 shares of the company’s stock, valued at approximately $81,000. Jane Street Group LLC owned approximately 1.34% of Cheer as of its most recent filing with the Securities and Exchange Commission. 18.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Cheer in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.