Cheetah Mobile (NYSE:CMCM) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Cheetah Mobile Inc. (NYSE:CMCM)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.48 and traded as high as $7.00. Cheetah Mobile shares last traded at $6.9510, with a volume of 9,220 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cheetah Mobile in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cheetah Mobile presently has an average rating of “Sell”.

Cheetah Mobile Stock Performance

The firm’s fifty day moving average is $6.48 and its 200-day moving average is $6.99. The company has a market capitalization of $210.75 million, a P/E ratio of -3.44 and a beta of 1.88.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CMCM. Jane Street Group LLC increased its holdings in Cheetah Mobile by 852.7% in the 4th quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock worth $181,000 after purchasing an additional 26,978 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Cheetah Mobile during the third quarter worth about $94,000. Dimensional Fund Advisors LP bought a new stake in shares of Cheetah Mobile during the fourth quarter worth about $69,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Cheetah Mobile by 17.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock valued at $139,000 after buying an additional 3,443 shares during the period. 0.41% of the stock is currently owned by institutional investors.

Cheetah Mobile Company Profile

Cheetah Mobile Inc operates as a mobile internet company primarily focused on developing and distributing utility and entertainment applications for smartphones and tablets. Its portfolio includes well-known security and optimization products such as Clean Master, Security Master and Battery Doctor, alongside consumer-oriented offerings in mobile gaming and content discovery. The company’s software solutions are designed to enhance device performance, improve privacy protection and deliver engaging digital experiences for end users.

Founded as the mobile internet division of Kingsoft in 2010, Cheetah Mobile spun off as an independent, publicly traded company in late 2014.