CMCM Stock Summary and Trading Ideas (Cheetah Mobile American Depositary Shares Each Representing Fifty (50) Class A | NYSE:CMCM)

Cheetah Mobile Inc along with its subsidiaries principally engaged in the provision of internet services including the provision utility products and related services and mobile entrainment services and artificial intelligence (AI) and other services. It operates in two segments: Internet business and AI and others. The firm's revenue gets derived from the internet business segment that provides mobile advertising services to advertising customers world wide, as well as selling advertisements and referring user traffic on its mobile and PC platforms. Geographically, it derives the majority of revenue from PRC.

Cheetah Mobile American Depositary Shares Each Representing Fifty (50) Class A trades on the NYSE stock market under the symbol CMCM.

As of April 18, 2024, CMCM stock price climbed to $3.37 with 84,056 million shares trading.

CMCM has a beta of 1.28, meaning it tends to be more sensitive to market movements. CMCM has a correlation of 0.05 to the broad based SPY ETF.

CMCM has a market cap of $97.77 million. This is considered a Micro Cap stock.

In the last 3 years, CMCM stock traded as high as $14.50 and as low as $1.41.

The top ETF exchange traded funds that CMCM belongs to (by Net Assets): SPEM.

CMCM has outperformed the market in the last year with a price return of +32.7% while the SPY ETF gained +22.3%. CMCM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +57.8% and -0.6%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

CMCM support price is $2.85 and resistance is $3.33 (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 stock will trade within this expected range on the day.