Epsium Enterprise (NASDAQ:EPSM) Stock Price Up 13.9% - Should You Buy?

Key Points

• Epsium Enterprise (NASDAQ:EPSM) saw its stock price increase by 13.9% on Thursday, reaching a peak of $38.99 before closing at $37.81.
• Despite the stock's recent rise, analysts maintain a "sell" rating on Epsium Enterprise, with the average rating still reflecting negative sentiment.
• A new hedge fund investor, Murchinson Ltd., recently acquired a stake in Epsium, purchasing 10,000 shares valued at approximately $53,000.

Epsium Enterprise Limited (NASDAQ:EPSM - Get Free Report)'s share price rose 13.9% on Thursday . The company traded as high as $38.99 and last traded at $37.81. Approximately 286,108 shares traded hands during trading, a decline of 47% from the average daily volume of 541,050 shares. The stock had previously closed at $33.19.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Epsium Enterprise in a research report on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".

Epsium Enterprise Stock Up 13.4%

The company has a fifty day moving average price of $28.78.

Hedge Funds Weigh In On Epsium Enterprise

A hedge fund recently bought a new stake in Epsium Enterprise stock. Murchinson Ltd. bought a new position in shares of Epsium Enterprise Limited (NASDAQ:EPSM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the company's stock, valued at approximately $53,000. Murchinson Ltd. owned 0.08% of Epsium Enterprise as of its most recent filing with the Securities and Exchange Commission (SEC).

Epsium Enterprise Company Profile

We are a holding company incorporated under the laws of British Virgin Islands. As a holding company with no material operation of its own, we conduct substantially all our operations through an indirect Macau subsidiary, Companhia de Comercio Luz Limitada in Macau, or Luz. Luz is an 80%-owned subsidiary of Epsium Enterprise Limited in Hong Kong, or Epsium HK.

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