Shares of Cheetah Mobile (CMCM, Financial) experienced a notable increase, rising 5.06% to reach $4.46 per share. The trading volume was recorded at 10,112 shares, with a turnover rate of 0.03% and a price volatility of 2.83%.
Recent earnings reports revealed that Cheetah Mobile generated revenue of $25.88 million, with a net loss of $17.10 million. The earnings per share stood at -$0.57, and the company achieved a gross profit of $16.78 million, resulting in a negative price-to-earnings ratio of -1.81. Currently, there are no specific institutional ratings for the stock, indicating a lack of buy, hold, or sell recommendations.
Within the internet information services sector, where Cheetah Mobile operates, the overall growth rate was 0.71%. Other noteworthy stocks in the sector include Trump Media & Technology Group Corp, which showed significant activity and volatility.
Cheetah Mobile and its subsidiaries specialize in providing a range of products and services for PCs and mobile devices. The company's revenue primarily stems from utility-related businesses, such as advertising and premium membership services. It operates two main divisions: Internet Business and AI & Others. Most of its income is generated from the Internet Business division, which offers mobile advertising services and sells ad space on its platforms. Geographically, the bulk of its revenue comes from China, with additional contributions from Hong Kong, Japan, and other parts of the world.
