Gridsum Holding Inc. (NASDAQ:GSUM) does about 398.32K shares in volume on a normal day but saw 2215265 shares change hands in Friday trading. The company now has a market cap of 22.30M USD and an enterprise value of about $22.85M. Its current market price is $0.80, marking an increase of 24.17% compared to the previous close of $0.64. The 52 week high reached by this stock is $2.50 whilst the lowest price level in 52 weeks is $0.24. The script in recent trading has seen the stock touch a high of $0.92 and a low of $0.6443.
Gridsum Holding Inc. (GSUM) has a 20-day trading average at $0.7236 and the current price is -68.00% off the 52-week high compared with 237.55% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7692 and its 200-day simple moving average is $1.0627. If we look at the stock’s price movements over the week, volatility stands at 15.98%, which decreases to 8.80% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 59.34 to suggest the stock is neutral.
2 analysts observing the Gridsum Holding Inc. (GSUM) stock have set the 12-month price targets for the company’s shares at between $112.16 and $128.29. The median price target is 99.33% away from the current levels at $120.23.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.
The current price level is 10.12%, 3.76%, and -25.09% away from its SMA20, SMA50, and SMA200 respectively, with the GSUM price moving below the 50-day SMA on August 21. Gridsum Holding Inc. (GSUM) stock is up 13.48% over the week and -4.20% over the past month. Its price is -34.43% year-to-date and -62.44% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2017, with the company’s earnings per share (EPS) of -$0.14 below consensus estimates by -$0.07. In addition, estimates put the company’s current quarterly revenue at an average of $14.39 million.
Outstanding shares total 33.89M with insiders holding 9.05% of the shares and institutional holders owning 29.38% of the company’s common stock. The company has a return on investment of -757.80% and return on equity of 277.70%. The beta has a value of 2.00. Price to sales ratio is 0.47.
According to a U.S. Securities and Exchange Commission filing, Fidelity China Special Situations has reduced its position in Gridsum Holding Inc. (GSUM) to 159,924 shares, mirroring a recent drop by -67.53%. Fidelity China Special Situations dumped -0.33 million shares of Gridsum Holding Inc. common stock bringing its total worth to about $0.12 million at the end of recent close, SEC documents show. Fidelity China Special Situations isn’t the only investment manager who changed stakes and is followed by Herald Investment Trust Plc, which added 5093.0 shares to end up with 99,899 shares worth $73725.0. Abaris Emerging Markets Equity cut their holdings by -55.56% in the company over the course of the most recent quarter. It now holds a 0.13% position in Gridsum Holding Inc. thanks to 40000.0 shares amounting to $29520.0.