Cheer Stock Scheduled to Reverse Split on Tuesday, April 7th (NASDAQ:CHR)

Cheer Holding, Inc. (NASDAQ:CHR)’s stock is scheduled to reverse split on the morning of Tuesday, April 7th. The 1-3 reverse split was announced on Thursday, April 2nd. The number of shares owned by shareholders will be adjusted after the market closes on Monday, April 6th.

Cheer Price Performance

Shares of NASDAQ:CHR opened at $0.80 on Friday. The business’s 50-day moving average is $1.18 and its 200-day moving average is $5.54. Cheer has a 1 year low of $0.73 and a 1 year high of $104.50.

Cheer (NASDAQ:CHR) last announced its earnings results on Friday, March 20th. The company reported ($4.72) EPS for the quarter, missing the consensus estimate of $115.00 by ($119.72). The company had revenue of $38.92 million during the quarter, compared to the consensus estimate of $73.00 million.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Cheer to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Cheer in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of Cheer

An institutional investor recently bought a new position in Cheer stock. Jane Street Group LLC purchased a new position in shares of Cheer Holding, Inc. (NASDAQ:CHR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 63,046 shares of the company’s stock, valued at approximately $81,000. Jane Street Group LLC owned 1.34% of Cheer as of its most recent filing with the SEC. 18.54% of the stock is owned by hedge funds and other institutional investors.

Cheer Company Profile

Cheer Holding, Inc, through its subsidiaries, provides advertisement and content production services in the People’s Republic of China. It operates through Cheers APP Internet Business and Traditional Media Businesses segments. The company also engages in mobile and online advertising, and media and entertainment businesses. In addition, it operates CHEERS app, an integrated e-commerce service with professionally produced content; CHEERS Video app, a media platform that engages users with content; and CHEERS e-Mall, an e-Mall app that offers products to the users through third party merchants through live streaming, online short videos, and online games.