Global Mofy AI (NASDAQ:GMM) Posts Quarterly Earnings Results

Global Mofy AI (NASDAQ:GMM) released its quarterly earnings data on Tuesday. The company reported ($35.11) earnings per share for the quarter, FiscalAI reports. The business had revenue of $19.97 million for the quarter.

Global Mofy AI Stock Down 8.5%

Shares of GMM traded down $0.23 during mid-day trading on Tuesday, hitting $2.47. 200,937 shares of the company were exchanged, compared to its average volume of 1,886,378. Global Mofy AI has a 1-year low of $1.80 and a 1-year high of $161.75. The company has a 50 day moving average of $7.81 and a 200-day moving average of $45.10.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GMM shares. Weiss Ratings upgraded Global Mofy AI from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 15th. Wall Street Zen raised Global Mofy AI to a “sell” rating in a research note on Saturday, June 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Global Mofy AI Company Profile

Global Mofy Metaverse Limited, through its subsidiaries, provides virtual content production, digital marketing, and digital assets development services for the metaverse industry in the People's Republic of China. It offers services for visual effect design, content development, production, and integration based on customers specific needs; and 3D rebuilt and artificial intelligence technologies using its Mofy Lab technology platform. The company also grants use right of digital assets for various applications, such as movies, TV series, AR/VR, animation, advertising, and gaming.