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Cheetah Mobile (NYSE:CMCM) Trading 7.4% Higher - Time to Buy?

Cheetah Mobile logo with Computer and Technology background

Key Points

  • Cheetah Mobile Inc.'s share price rose by 7.4% to $8.83, though trading volume declined significantly to 25,583 shares, contrasting with an average of 95,753 shares.
  • Research analysts hold a largely negative outlook, with Weiss Ratings issuing a "sell" rating while Wall Street Zen upgraded their assessment to a "hold." The average rating remains at "Sell."
  • The company reported (-$0.08) earnings per share and a revenue of $41.21 million for the last quarter, reflecting a negative net margin of 47.30%.
  • MarketBeat previews the top five stocks to own by November 1st.

Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report)'s share price rose 7.4% during trading on Monday . The stock traded as high as $8.87 and last traded at $8.83. Approximately 25,583 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 95,753 shares. The stock had previously closed at $8.22.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cheetah Mobile in a research report on Saturday, September 27th. Wall Street Zen raised shares of Cheetah Mobile to a "hold" rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of "Sell".

Check Out Our Latest Stock Report on Cheetah Mobile

Cheetah Mobile Stock Up 7.4%

The company's 50-day moving average is $6.64 and its two-hundred day moving average is $5.13. The company has a market cap of $267.69 million, a P/E ratio of -4.03 and a beta of 1.86.

Cheetah Mobile (NYSE:CMCM - Get Free Report) last released its earnings results on Thursday, September 11th. The software maker reported ($0.08) earnings per share for the quarter. The company had revenue of $41.21 million during the quarter. Cheetah Mobile had a negative net margin of 47.30% and a negative return on equity of 13.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CMCM. XTX Topco Ltd bought a new stake in shares of Cheetah Mobile in the first quarter valued at approximately $60,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Cheetah Mobile in the 1st quarter valued at approximately $305,000. Finally, E Fund Management Co. Ltd. bought a new stake in Cheetah Mobile during the 1st quarter valued at $305,000. Hedge funds and other institutional investors own 0.41% of the company's stock.

Cheetah Mobile Company Profile

(Get Free Report)

Cheetah Mobile Inc along with its subsidiaries, engages in provision of internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally. The company's internet products include Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications; and Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.

See Also

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