Gamehaus (NASDAQ:GMHS) Shares Up 4.2% - Should You Buy?

Key Points

• Shares rose 4.2% Thursday to $1.00 after trading as high as $1.02 on a volume spike of 108,043 shares — about 503% above the average session volume.
• Analysts have a consensus "Sell" rating on Gamehaus, with Weiss Ratings reissuing a "sell (d)" in late December.
• The company has a market cap of about $53.6M, reported $0.02 EPS and $26.3M in revenue last quarter, and roughly 63.7% of shares are held by institutional investors (Virtu recently bought a small stake).

Gamehaus Holdings Inc. (NASDAQ:GMHS - Get Free Report) shot up 4.2% during trading on Thursday . The company traded as high as $1.02 and last traded at $1.00. 108,043 shares changed hands during mid-day trading, an increase of 503% from the average session volume of 17,927 shares. The stock had previously closed at $0.96.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Gamehaus in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".

Gamehaus Price Performance

The company has a market capitalization of $53.57 million, a PE ratio of 11.11 and a beta of 0.35. The firm has a 50-day moving average of $1.00 and a 200 day moving average of $1.05.

Gamehaus (NASDAQ:GMHS - Get Free Report) last released its quarterly earnings data on Monday, March 23rd. The company reported $0.02 EPS for the quarter. The business had revenue of $26.30 million for the quarter.

Institutional Investors Weigh In On Gamehaus

A hedge fund recently bought a new stake in Gamehaus stock. Virtu Financial LLC acquired a new stake in shares of Gamehaus Holdings Inc. (NASDAQ:GMHS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,250 shares of the company's stock, valued at approximately $39,000. Virtu Financial LLC owned about 0.05% of Gamehaus at the end of the most recent reporting period. Hedge funds and other institutional investors own 63.69% of the company's stock.

About Gamehaus

Gamehaus Holdings Inc is a mobile game developer and publisher. Gamehaus Holdings Inc is headquartered in Beijing, China.

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