Cheetah Mobile (NYSE:CMCM) Trading 0.8% Higher – Should You Buy?

Cheetah Mobile Inc. (NYSE:CMCM)’s stock price rose 0.8% during trading on Wednesday . The stock traded as high as $6.57 and last traded at $6.50. Approximately 5,062 shares changed hands during trading, a decline of 70% from the average daily volume of 16,799 shares. The stock had previously closed at $6.45.

Wall Street Analyst Weigh In

Several analysts have issued reports on CMCM shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Cheetah Mobile in a research note on Wednesday, October 8th. Wall Street Zen raised Cheetah Mobile to a “hold” rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Cheetah Mobile Trading Up 3.0%

The company has a market capitalization of $197.08 million, a PE ratio of -3.22 and a beta of 1.89. The firm’s 50-day simple moving average is $6.81 and its 200-day simple moving average is $6.56.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cheetah Mobile stock. Nomura Holdings Inc. acquired a new stake in shares of Cheetah Mobile Inc. (NYSE:CMCM) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 11,680 shares of the software maker’s stock, valued at approximately $94,000. Institutional investors own 0.41% of the company’s stock.

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.