Overall market sentiment has been down on Cheetah Mobile Inc (CMCM) stock lately. CMCM receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With CMCM Stock Today?
Cheetah Mobile Inc (CMCM) stock has risen 4.23% while the S&P 500 is unchanged 0% as of 11:54 AM on Thursday, May 14. CMCM has risen $0.08 from the previous closing price of $1.89 on volume of 471,361 shares. Over the past year the S&P 500 has fallen -0.51% while CMCM is down -66.03%. CMCM earned $1.12 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 1.76.
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More About Cheetah Mobile Inc
Cheetah Mobile Inc operates primarily in the Chinese software application industry. The company was created from a merger between Kingsoft Security and Conew Image. Cheetah Mobile mainly develops software products that serve multiple purposes such as marketing, security and other mobile applications. Most of the company's revenue is generated from its marketing activities through the Cheetah Ad Platform, which serves as a global content promotional channel for its customers. The company also addresses mobile internet security issues through its products such as CM Security and Duba Anti-virus. Its products are powered by a cloud-based data analytics engine and are available on the three major platforms of Windows, iOS and Android.
