Cheer (NASDAQ:CHR) Announces Quarterly Earnings Results

Cheer (NASDAQ:CHR) announced its quarterly earnings results on Tuesday. The company reported $2.46 earnings per share for the quarter, FiscalAI reports. The company had revenue of $30.26 million for the quarter.

Cheer Price Performance

NASDAQ CHR opened at $1.93 on Wednesday. The business has a fifty day moving average price of $2.00 and a 200 day moving average price of $2.72. Cheer has a one year low of $1.25 and a one year high of $304.50.

Hedge Funds Weigh In On Cheer

An institutional investor recently bought a new stake in Cheer stock. Jane Street Group LLC acquired a new stake in shares of Cheer Holding, Inc. (NASDAQ:CHR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 63,046 shares of the company’s stock, valued at approximately $81,000. Jane Street Group LLC owned approximately 1.34% of Cheer at the end of the most recent quarter. Institutional investors own 18.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cheer in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cheer presently has an average rating of “Sell”.

About Cheer

Cheer Holding, Inc, through its subsidiaries, provides advertisement and content production services in the People’s Republic of China. It operates through Cheers APP Internet Business and Traditional Media Businesses segments. The company also engages in mobile and online advertising, and media and entertainment businesses. In addition, it operates CHEERS app, an integrated e-commerce service with professionally produced content; CHEERS Video app, a media platform that engages users with content; and CHEERS e-Mall, an e-Mall app that offers products to the users through third party merchants through live streaming, online short videos, and online games.