Gamehaus (NASDAQ:GMHS) Shares Up 4.2% – Should You Buy?

Gamehaus Holdings Inc. (NASDAQ:GMHS) shot up 4.2% during trading on Thursday . The company traded as high as $1.02 and last traded at $1.00. 108,043 shares changed hands during mid-day trading, an increase of 503% from the average session volume of 17,927 shares. The stock had previously closed at $0.96.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Gamehaus in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Gamehaus Price Performance

The company has a market capitalization of $53.57 million, a PE ratio of 11.11 and a beta of 0.35. The firm has a 50-day moving average of $1.00 and a 200 day moving average of $1.05.

Gamehaus (NASDAQ:GMHS) last released its quarterly earnings data on Monday, March 23rd. The company reported $0.02 EPS for the quarter. The business had revenue of $26.30 million for the quarter.

Institutional Investors Weigh In On Gamehaus

A hedge fund recently bought a new stake in Gamehaus stock. Virtu Financial LLC acquired a new stake in shares of Gamehaus Holdings Inc. (NASDAQ:GMHS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,250 shares of the company’s stock, valued at approximately $39,000. Virtu Financial LLC owned about 0.05% of Gamehaus at the end of the most recent reporting period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

About Gamehaus

Gamehaus Holdings Inc is a mobile game developer and publisher. Gamehaus Holdings Inc is headquartered in Beijing, China.