Value gained By Glory Star New Media Group Holdings Limited (GSMG) In The Past Week: $1.4350

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Glory Star New Media Group Holdings Limited (NASDAQ:GSMG) traded with an addition of $0.02 to $1.42 on Thursday, an upside of 1.43 percent. An average of 315,118 shares of common stock have been traded in the last five days. There was a gain of $0.0900 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 258,740 shares traded, while the 50-day average volume stands at 242,426.

GSMG stock has decreased by -0.71% in the last month. The company shares reached their 1-month lowest point of $1.2400 on 09/15/22. With the stock rallying to its 52-week high on 08/09/22, shares of the company touched a low of $0.57 and a high of $2.12 in 52 weeks. It has reached a new high 12 times so far this year and achieved 18.64% or $0.2500 in price. In spite of this, the price is down -33.02% from the 52-week high.


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Valuation Metrics

Glory Star New Media Group Holdings Limited (GSMG) has a trailing price-to-earnings (P/E) ratio of 3.26. The stock’s beta is -0.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.63, the price-to-book (PB) ratio at 0.58.

Financial Health

The quick ratio of Glory Star New Media Group Holdings Limited for the recent quarter was 4.40, and the current ratio was 4.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.03 for the recent quarter. Its gross profit as reported stood at $118.07 million compared to revenue of $153.01 million.

Earnings Surprise

The company posted a net income of $35.29 million in the quarter, while revenues were grew 17.03%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Glory Star New Media Group Holdings Limited (GSMG) price momentum. RSI 9-day as of the close on 21 September was 67.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.24%.

As of today, GSMG’s price is $1.3920 +6.72% or $0.0900 from its 5-day moving average. GSMG is currently trading +1.42% higher than its 20-day SMA and +77.38% higher than its 100-day SMA. However, the stock’s current price level is +3.62% above the SMA50 and +10.00% above the SMA200.

The stochastic %K and %D were 93.26% and 87.55%, respectively, and the average true range (ATR) was 0.0439. With the 14-day stochastic at 97.44% and the average true range at 0.0428, the RSI (14) stands at 63.41%. The stock has reached 0.0267 on the 9-day MACD Oscillator while the 14-day reading was at 0.0295.

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