DarkIris (NASDAQ:DKI) Shares Climb 12.8% – Should You Buy?

DarkIris Inc. (NASDAQ:DKI – Get Free Report)’s stock price rose 12.8% during mid-day trading on Thursday. The company traded as high as $2.43 and last traded at $2.25. 1,619,915 shares traded hands during trading, a decline of 96% from the average session volume of 38,824,968 shares. The stock had previously closed at $1.9950.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut DarkIris from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.

View Our Latest Stock Analysis on DarkIris

DarkIris Stock Performance

The firm’s 50-day simple moving average is $110.15 and its 200-day simple moving average is $222.63.

DarkIris (NASDAQ:DKI – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($37.75) earnings per share for the quarter. The firm had revenue of $2.96 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in DarkIris stock. Renaissance Technologies LLC increased its stake in DarkIris Inc. (NASDAQ:DKI – Free Report) by 145.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,942 shares of the company’s stock after acquiring an additional 74,110 shares during the period. Renaissance Technologies LLC owned about 9.92% of DarkIris worth $37,000 as of its most recent SEC filing.

About DarkIris

(Get Free Report)

DarkIris Inc is a holding company incorporated as an exempted company on May 31, 2024 under the laws of the Cayman Islands. We operate substantially all of our business through our subsidiaries in Hong Kong, namely Quantum Arts Co, Limited (“Quantum”) and Hongkong Stellar Wisdom Co, Limited (“Stellar”). Operated in Hong Kong, we are a comprehensive technology enterprise engaged in the development, publishing and operating of mobile digital games via various third-party digital storefronts. Our activities encompass including game design, programming and graphics, as well as distribution and operation of mobile games on various platforms.

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