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What Do Analysts Say About Glory Star New Media Group Holdings Limited (GSMG)?

How have the shares performed?

Glory Star New Media Group Holdings Limited (GSMG) saw downtrend of -11.37% in the recent trading with $2.65 being its most recent. The current price level -45.47% lower than the highest price of $4.86 marked by the stock while trading over the past 52-weeks, whereas it is 17.58% higher than the lowest price of $2.25 the company dropped to over past 52-weeks. The latest news story on GSMG appeared in PR Newswire under the title “Glory Star Enters into Strategic Cooperation with Haier Group to Develop New “Home Life Service” Channel” on Jun-08-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -32.05% below one month high and is +6.43% above of the lowest during that time. Looking into the simple moving average, Glory Star New Media Group Holdings Limited (GSMG)’s stock stands at a SMA-50 of $3.66 while that of 5-day is reading $2.94.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and GSMG’s SMA-200 as of now is $3.29.

Glory Star New Media Group Holdings Limited Earnings – What Happened With GSMG

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $19.65 billion.

GSMG – Glory Star New Media Group Holdings Limited Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 53.84 million. GSMG does have institutional investors; and they hold 0.30% of the stock.

Glory Star New Media Group Holdings Limited – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, GSMG declared 0 shares have been sold in 0 insider transactions over the past three months.

As on Mar 30, 2021, Linden Advisors LP was the top most holder in Glory Star New Media Group Holdings Limited (NASDAQ:GSMG) with an ownership of 76203.0 shares of the company or 0.11% of the stake worth $0.28 million. The filing also reveals Owl Creek Asset Management, L.P. as the second largest holder in the company with a control over 0.05% of the outstanding shares. Its stake is worth $0.12 million for having 33105.0 shares in hand.

Yakira Capital Management, Inc. also came holding a key position in the company during the recent quarter and it now holds 0.04% of the outstanding shares. With this there are now 6 institutions which have possession in GSMG’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Glory Star New Media Group Holdings Limited was 2.92 while posting a debt to equity ratio of 0.08. The count was 2.65 for long-term debt to equity ratio.

Glory Star New Media Group Holdings Limited’s return on equity, or ROE, is 23.60%, compared to the industry average of 0.74% for Communication Services – Entertainment. Although this indicates that GSMG uses its equity well, the metric will vary significantly depending on the industry.

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Technical Analysis of Glory Star New Media Group Holdings Limited (NASDAQ:GSMG) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Glory Star New Media Group Holdings Limited (GSMG), we notice that the stock’s 20-day average volume is at 172,495 shares and 75% of short term indicators are suggesting the stock as Sell. Its 50-day average volume of 369,272 shares. And to end, GSMG’s 100-day average volume is 274,451 shares with 50% of the long-term indicators pointing towards Sell for the stock.

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