K Wave Media (NASDAQ:KWM) Shares Down 0.6% – Time to Sell?

K Wave Media, Ltd. (NASDAQ:KWM)’s share price fell 0.6% during trading on Tuesday . The stock traded as low as $0.2050 and last traded at $0.2267. 3,250,622 shares traded hands during mid-day trading, an increase of 466% from the average session volume of 573,893 shares. The stock had previously closed at $0.2280.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on shares of K Wave Media in a research report on Wednesday, May 27th. They issued a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

K Wave Media Price Performance

The company has a fifty day simple moving average of $0.34 and a 200-day simple moving average of $0.54.

K Wave Media (NASDAQ:KWM) last posted its quarterly earnings results on Saturday, May 16th. The company reported ($0.92) earnings per share (EPS) for the quarter. The business had revenue of $15.70 million during the quarter.

Institutional Trading of K Wave Media

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in K Wave Media during the 2nd quarter worth about $41,000. Galaxy Group Investments LLC acquired a new stake in K Wave Media during the 4th quarter worth about $164,000. Finally, Anson Funds Management LP acquired a new stake in K Wave Media during the 1st quarter worth about $1,984,000. Institutional investors and hedge funds own 62.18% of the company’s stock.

K Wave Media Company Profile

K Wave Media engaged in the entertainment content and IP creation businesses. K Wave Media, formerly known as Global Star Acquisition Inc, is based in NEW YORK.