Where Does Wall Street Think Glory Star New Media Group Holdings Ltd (GSMG) Stock Will Go?

Thursday, September 16, 2021 12:53 PM | InvestorsObserver Analysts

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Where Does Wall Street Think Glory Star New Media Group Holdings Ltd (GSMG) Stock Will Go?

Wall Street is positive on Glory Star New Media Group Holdings Ltd (GSMG). On average, analysts give Glory Star New Media Group Holdings Ltd a Strong Buy rating. The average price target is $7.5, which means analysts expect the stock to gain by 226.09% over the next twelve months. That average ranking earns Glory Star New Media Group Holdings Ltd an Analyst Rating of 75, which is better than 75% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating GSMG a Strong Buy today. Find out what this means to you and get the rest of the rankings on GSMG!

See Full GSMG Report

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Glory Star New Media Group Holdings Ltd Stock Today?

Glory Star New Media Group Holdings Ltd (GSMG) stock has risen 2.22% while the S&P 500 has fallen -0.36% as of 12:53 PM on Thursday, Sep 16. GSMG is up $0.05 from the previous closing price of $2.25 on volume of 624,391 shares. Over the past year the S&P 500 has risen 31.87% while GSMG has fallen -37.33%. GSMG earned $0.18 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.95. Click Here to get the full Stock Report for Glory Star New Media Group Holdings Ltd stock.