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Cheetah Mobile To Report Fourth Quarter and Fiscal Year 2024 Financial Results on March 26, 2025
PRNewswire (Wed, 19-Mar 8:30 AM ET)
Cheetah Mobile Inc along with its subsidiaries provides comprehensive products and services on PCs and mobile devices. It generates revenue from utility-related business, including advertising services and premium membership services. It also provides multi-cloud management platform and overseas advertising agency service. The company operates in two segments: Internet business, and AI and others. The firm's majority of the revenue is derived from the internet business segment that provides mobile advertising services to advertising customers, as well as selling advertisements and referring user traffic on its mobile and PC platforms. Geographically, it derives the majority of its revenue from the PRC and the rest from Hong Kong, Japan, and the rest of the world.
Cheetah Mobile American Depositary Shares Each Representing Fifty (50) Class A trades on the NYSE stock market under the symbol CMCM.
As of March 20, 2025, CMCM stock price climbed to $5.00 with 368 million shares trading.
CMCM has a beta of 1.87, meaning it tends to be more sensitive to market movements. CMCM has a correlation of 0.07 to the broad based SPY ETF.
CMCM has a market cap of $149.42 million. This is considered a Micro Cap stock.
In the last 3 years, CMCM traded as high as $6.78 and as low as $1.41.
CMCM has outperformed the market in the last year with a price return of +102.8% while the SPY ETF gained +10.5%. CMCM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +8.9% and -1.2%, respectively, while the SPY returned -3.0% and -3.2%, respectively.
CMCM support price is $4.71 and resistance is $5.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CMCM shares will trade within this expected range on the day.