GSMG - Watch for Continued Gains in Shares of Glory Star New Media Group Holdings Limited (GSMG)
Glory Star New Media Group Holdings Limited (NASDAQ:GSMG) traded today at a new 52-week high of $9.49. So far today approximately 22.5 million shares have been exchanged, as compared to an average 30-day volume of 329,000 shares.
Glory Star New Media Group Holdings Ltd is a provider of advertisement and content production services and operates a mobile and online advertising, digital media, and entertainment business in China. Through its CHEERS App, the company allows its users to access its online store (e-Mall), video content, live streaming, and online games. The company mainly offers and generates revenue from the copyright licensing of self-produced content, advertising, and customized content production and others. It has two operating segments, namely Cheers APP Internet Business and Traditional Media Businesses.
Glory Star New Media Group Holdings Limited share prices have moved between a 52-week high of $4.86 and the current low of $0.85 and are currently at $0.94 per share.
Potential upside of 9.1% exists for Glory Star New Media Group Holdings Limited, based on a current level of $0.94 and analysts' average consensus price target of $1.03.
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