What is Glory Star New Media Group Holdings Limited (GSMG) Stock Return on Shareholders’ Capital?

Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) stock jumped 5.71% on Friday to $1.48 against a previous-day closing price of $1.40. With 1.34 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.28 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $1.4900 whereas the lowest price it dropped to was $1.3988. The 52-week range on GSMG shows that it touched its highest point at $2.12 and its lowest point at $0.57 during that stretch. Beta for the stock currently stands at -0.31.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GSMG was up-trending over the past week, with a rise of 10.45%, but this was up by 6.47% over a month. Three-month performance surged to 78.42% while six-month performance rose 46.53%. The stock lost -25.63% in the past year, while it has gained 25.42% so far this year.

Float and Shares Shorts:

At present, 65.38 million GSMG shares are outstanding with a float of 24.23 million shares on hand for trading. On Jul 14, 2022, short shares totaled 65880.0, which was 0.10% higher than short shares on Jun 14, 2022. In addition to Mr. Bing Zhang as the firm’s Founder, Chairman & CEO, Mr. Perry Lu serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 11.73% of GSMG’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 38.15% of GSMG, in contrast to 12.29% held by mutual funds. Shares owned by individuals account for 0.07%. As the largest shareholder in GSMG with 11.09% of the stake, Shah Capital Management, Inc. holds 7,557,251 shares worth 7,557,251. A second-largest stockholder of GSMG, Maven Investment Partners Ltd., holds 554,507 shares, controlling over 0.81% of the firm’s shares. Linden Advisors LP is the third largest shareholder in GSMG, holding 64,549 shares or 0.10% stake. With a 0.07% stake in GSMG, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 45,347 shares are owned by the mutual fund manager.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GSMG since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GSMG analysts setting a high price target of $7.50 and a low target of $7.50, the average target price over the next 12 months is $7.50. Based on these targets, GSMG could surge 406.76% to reach the target high and rise by 406.76% to reach the target low. Reaching the average price target will result in a growth of 406.76% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GSMG will report FY 2022 earnings on 03/07/2023. Analysts have provided yearly estimates in a range of $0.48 being high and $0.48 being low. For GSMG, this leads to a yearly average estimate of $0.48.

Summary of Insider Activity:

Insiders traded GSMG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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