The stock of Glory Star New Media Group Holdings Limited (NASDAQ:GSMG) increased by $0.03 on Wednesday to $0.53, up 6.73 percent. The last five days have seen an average of 3,449,547 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$0.9306. The average number of shares traded over the last 20 days was 984,947, while the average volume over the last 50 days totaled 450,629.
GSMG stock appreciated 2.42% since last month. On 08/08/23, the company’s shares reached a one-month low of $0.4232. The stock touched a high of $1.54 on 01/05/23, after rallying from a low of $0.42 in 52 weeks. The price of GSMG stock has declined by -63.52% or -$0.9306 this year, reaching a new high 3 times. Still, the stock price is down -65.42% from the 52-week high.
Valuation Metrics
Glory Star New Media Group Holdings Limited (GSMG) has a trailing price-to-earnings (P/E) ratio of 1.35. Beta for the stock is -0.29. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.23, the price-to-book (PB) ratio of 0.21, and the price-to-cash flow ratio of 1.46.
Financial Health
For the recent quarter, Glory Star New Media Group Holdings Limited’s quick ratio was 5.60, while its current ratio was 5.60, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 74.20% percent. Glory Star New Media Group Holdings Limited’s EBITDA margin for the recent year was 19.14%, whereas its operating margin stood at 19.40% for the same period. Based on annual data, it had gross profit of $116.5 million and revenue of $157.08 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GSMG’s return on assets (ROA) during the last 12 months has been 14.60%. There was a 14.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 18.50%.
Earnings Surprise
Net income for the quarter came in at $157.08 million, while revenues rose by 2.59% to $0.0. At the end of Glory Star New Media Group Holdings Limited’s most recent quarter, its liabilities totaled 31.03 million, while its total debt was $4.42 million.
Technical Picture
Here’s a quick look at Glory Star New Media Group Holdings Limited’s (GSMG) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 60.65%, suggesting the stock is Neutral, with a 75.00% historical volatility rate.
The stochastic %K and %D were 45.38% and 44.91% respectively, while the average true range (ATR) was 0.0606. Based on the 14-day stochastic reading of 42.11%, the RSI (14) reading is 55.12%. On the 9-day MACD Oscillator, the stock is at 0.0246.
Analyst Ratings
Analysts have assigned Glory Star New Media Group Holdings Limited (GSMG) an Buy rating. GSMG is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is GSMG’s price target for the next 12 months?
The current consensus forecast for the stock is between $7.50 and $7.50, with a median target price of $7.50. In analyzing these forecasts, the average price target given by analysts for Glory Star New Media Group Holdings Limited (GSMG) is $7.50.
