DarkIris (NASDAQ:DKI) Shares Down 10.7% – What’s Next?

DarkIris Inc. (NASDAQ:DKI)’s share price dropped 10.7% on Thursday . The stock traded as low as $0.45 and last traded at $0.4629. Approximately 630,546 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 13,036,066 shares. The stock had previously closed at $0.5181.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of DarkIris in a report on Thursday, January 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

DarkIris Stock Down 10.7%

The company’s fifty day simple moving average is $0.42 and its two-hundred day simple moving average is $0.47.

DarkIris (NASDAQ:DKI) last released its quarterly earnings results on Friday, January 30th. The company reported ($0.28) earnings per share for the quarter. The business 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 bought a new position in shares of DarkIris Inc. (NASDAQ:DKI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 33,991 shares of the company’s stock, valued at approximately $44,000. Scientech Research LLC owned approximately 0.19% of DarkIris as of its most recent SEC filing.

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.