Wall Street Zen Upgrades DarkIris (NASDAQ:DKI) to Sell

DarkIris (NASDAQ:DKI) was upgraded by Wall Street Zen to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings upgraded shares of DarkIris from a “sell (e)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, DarkIris presently has an average rating of “Sell”.

DarkIris Stock Down 3.4%

Shares of DarkIris stock opened at $5.69 on Friday. The firm’s fifty day simple moving average is $6.60 and its 200-day simple moving average is $6.67. DarkIris has a 12 month low of $4.51 and a 12 month high of $240.00.

Insiders Place Their Bets

In other news, CEO Zhifang Hong acquired 89,285 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average cost of $5.60 per share, for a total transaction of $499,996.00. Following the transaction, the chief executive officer directly owned 429,885 shares in the company, valued at approximately $2,407,356. This represents a 26.21% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Investors Weigh In On DarkIris

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 3rd quarter, according to its most recent 13F filing with the SEC. The fund 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 filing with the SEC.

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.