Cheetah Mobile (NYSE:CMCM) Shares Cross Below Fifty Day Moving Average - Here's Why

Key Points

• Cheetah Mobile's shares crossed below its 50-day moving average, trading as low as $5.33 versus a 50-day MA of $6.15 and a 200-day MA of $6.52, signaling short-term technical weakness.
• The stock has a MarketBeat consensus rating of "Sell" (Weiss Ratings reissued a "sell (d-)"), with a market cap of $161.74M and a negative PE of -4.27, reflecting unprofitable operations.
• Some hedge funds increased positions (Jane Street +852.7%, Goldman Sachs +17.5%), but overall institutional ownership is very low at 0.41%, indicating limited institutional support.

Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report)'s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.15 and traded as low as $5.33. Cheetah Mobile shares last traded at $5.3350, with a volume of 4,779 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Cheetah Mobile in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cheetah Mobile has a consensus rating of "Sell".

Cheetah Mobile Stock Down 0.5%

The company has a market cap of $161.74 million, a PE ratio of -4.27 and a beta of 1.84. The company has a 50-day moving average of $6.15 and a 200-day moving average of $6.52.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC boosted its position in shares of Cheetah Mobile by 852.7% during the fourth quarter. Jane Street Group LLC now owns 30,142 shares of the software maker's stock valued at $181,000 after buying an additional 26,978 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Cheetah Mobile by 17.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker's stock valued at $139,000 after buying an additional 3,443 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Cheetah Mobile during the third quarter valued at approximately $94,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Cheetah Mobile during the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 0.41% of the company's stock.

Cheetah Mobile Company Profile

Cheetah Mobile Inc operates as a mobile internet company primarily focused on developing and distributing utility and entertainment applications for smartphones and tablets. Its portfolio includes well-known security and optimization products such as Clean Master, Security Master and Battery Doctor, alongside consumer-oriented offerings in mobile gaming and content discovery. The company's software solutions are designed to enhance device performance, improve privacy protection and deliver engaging digital experiences for end users.

Founded as the mobile internet division of Kingsoft in 2010, Cheetah Mobile spun off as an independent, publicly traded company in late 2014.

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