As of Friday close, Glory Star New Media Group Holdings Limited’s (NASDAQ:GSMG) stock was down -$0.01, moving down -0.27 percent to $0.48. The average number of shares traded per day over the past five days has been 4,497,280 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.0105 fall in that time frame. In the last twenty days, the average volume was 1,255,870, while in the previous 50 days, it was 561,242.
Since last month, GSMG stock retreated -9.30%. Shares of the company fell to $0.4232 on 08/08/23, the lowest level in the past month. A 52-week high of $1.54 was reached on 01/05/23 after having rallying from a 52-week low of $0.42. Since the beginning of this year, GSMG’s stock price has dropped by -66.87% or -$0.9800, and marked a new high 3 times. However, the stock has declined by -68.59% since its 52-week high.
Valuation Metrics
Right now, Glory Star New Media Group Holdings Limited (GSMG) has a P/E ratio of about 1.22. The stock’s beta is -0.27. Besides these, the trailing price-to-sales (P/S) ratio of 0.21, the price-to-book (PB) ratio of 0.19, and the price-to-cash flow ratio of 1.32 may also be considered.
Financial Health
In the recent quarter, Glory Star New Media Group Holdings Limited’s quick ratio stood at 5.60, while its current ratio was 5.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 74.20% percent. In the recent year, EBITDA margin amounted to 19.14%, whereas operating margins totaled 19.40%. Based on annual data, GSMG earned $116.5 million in gross profit and brought in $157.08 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.90%. Return on equity (ROE) for the past 12 months was 18.50%.
GSMG’s revenue rose 2.59% during the quarter, while net income inched up to $157.08 million. The liabilities of Glory Star New Media Group Holdings Limited were 33.45 million at the end of its most recent quarter, and its total debt was $4.42 million.
Technical Picture
This quick technical analysis looks at Glory Star New Media Group Holdings Limited’s (GSMG) price momentum. With a historical volatility rate of 63.61%, the RSI 9-day stood at 42.80% on 18 August.
With respect to its five-day moving average, the current Glory Star New Media Group Holdings Limited price is down by -2.14% percent or -$0.0105. At present, GSMG shares trade -9.42% below its 20-day simple moving average and -30.43% percent below its 100-day simple moving average. However, the stock is currently trading approximately -21.31% below its SMA50 and -68.42% below its SMA200.
Stochastic coefficient K was 25.83% and Stochastic coefficient D was 33.90%, while ATR was 0.0570. Given the Stochastic reading of 22.52% for the 14-day period, the RSI (14) reading has been calculated as 43.60%.
