DarkIris (NASDAQ:DKI) Trading Up 11.1% – Time to Buy?

DarkIris Inc. (NASDAQ:DKI) rose 11.1% during trading on Wednesday . The stock traded as high as $0.3322 and last traded at $0.3261. Approximately 67,741 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 60,294 shares. The stock had previously closed at $0.2936.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e-)” rating on shares of DarkIris in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

DarkIris Price Performance

The firm’s 50 day moving average price is $0.43 and its 200-day moving average price is $1.10.

DarkIris (NASDAQ:DKI) last posted its quarterly earnings results on Friday, January 30th. The company reported ($0.28) earnings per share for the quarter. The company had revenue of $2.44 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in DarkIris stock. Scientech Research LLC acquired a new stake in DarkIris Inc. (NASDAQ:DKI) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 33,991 shares of the company’s stock, valued at approximately $44,000. Scientech Research LLC owned about 0.19% of DarkIris at the end of the most recent quarter.

About DarkIris

DarkIris Inc is a holding company incorporated as an exempted company on May 31, 2024 under the laws of the Cayman Islands. We operate substantially all of our business through our subsidiaries in Hong Kong, namely Quantum Arts Co, Limited (“Quantum”) and Hongkong Stellar Wisdom Co, Limited (“Stellar”). Operated in Hong Kong, we are a comprehensive technology enterprise engaged in the development, publishing and operating of mobile digital games via various third-party digital storefronts. Our activities encompass including game design, programming and graphics, as well as distribution and operation of mobile games on various platforms.