Time to Buy Beat-Down Glory Star New Media Group Holdings Limited (GSMG) Stock? Here is the INSIGHT – Invest Chronicle
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Time to Buy Beat-Down Glory Star New Media Group Holdings Limited (GSMG) Stock? Here is the INSIGHT

Glory Star New Media Group Holdings Limited (GSMG) is priced at $2.42 after the most recent trading session. At the very opening of the session, the stock price was $2.18 and reached a high price of $2.18, prior to closing the session it reached the value of $2.07. The stock touched a low price of $2.07.

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Recently in News on July 14, 2021, Glory Star’s Flagship Variety Program “Star Makeover” Ranked in Top 10 Ratings for Late Night Shows in China. Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) (“Glory Star” or the “Company”), a leading digital media platform and content-driven e-commerce company in China, today announced that its flagship variety program “Star Makeover” (the “Show”) has continuously ranked in the top 10 for late night shows in China for 10 consecutive weeks since the Show’s premiere on May 5, 2021. Since premiering, the Show’s ratings have skyrocketed and the Show has also continued to maintain top ratings for mainstream TV programs in China. You can read further details here


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Glory Star New Media Group Holdings Limited had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.86 on 04/22/21, with the lowest value was $1.98 for the same time period, recorded on 07/19/21.

Glory Star New Media Group Holdings Limited (GSMG) full year performance was -46.23%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Glory Star New Media Group Holdings Limited shares are logging -50.21% during the 52-week period from high price, and 22.22% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.98 and $4.86.

The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 1716116 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Glory Star New Media Group Holdings Limited (GSMG) recorded performance in the market was -24.73%, having the revenues showcasing -47.73% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 148.00M, as it employees total of 159 workers.

Analysts verdict on Glory Star New Media Group Holdings Limited (GSMG)

During the last month, 0 analysts gave the Glory Star New Media Group Holdings Limited a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 3.37, with a change in the price was noted -1.36. In a similar fashion, Glory Star New Media Group Holdings Limited posted a movement of -35.53% for the period of last 100 days, recording 295,045 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for GSMG is recording 0.08 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.01.

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Glory Star New Media Group Holdings Limited (GSMG): Technical Analysis

Raw Stochastic average of Glory Star New Media Group Holdings Limited in the period of last 50 days is set at 25.82%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 63.55%. In the last 20 days, the company’s Stochastic %K was 32.29% and its Stochastic %D was recorded 21.00%.

Let’s take a glance in the erstwhile performances of Glory Star New Media Group Holdings Limited, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -24.73%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -51.18%, alongside a downfall of -46.23% for the period of the last 12 months. The shares increased approximately by -7.59% in the 7-day charts and went up by -20.99% in the period of the last 30 days. Common stock shares were lifted by -47.73% during last recorded quarter.

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