DarkIris Stock Scheduled to Reverse Split on Monday, May 11th (NASDAQ:DKI)

DarkIris Inc. (NASDAQ:DKI) shares are scheduled to reverse split before the market opens on Monday, May 11th. The 1-16 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, May 10th.

DarkIris Stock Performance

Shares of DKI stock traded down $0.06 during trading hours on Thursday, reaching $0.37. The company had a trading volume of 769,786 shares, compared to its average volume of 6,978,318. DarkIris has a one year low of $0.28 and a one year high of $15.00. The business has a fifty day moving average price of $0.43 and a 200-day moving average price of $0.45.

Analyst Ratings Changes

Separately, Weiss Ratings raised 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, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Insider Activity

In related news, CEO Zhifang Hong purchased 1,428,571 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was acquired at an average price of $0.35 per share, with a total value of $499,999.85. Following the completion of the acquisition, the chief executive officer owned 6,878,171 shares in the company, valued at approximately $2,407,359.85. This represents a 26.21% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On DarkIris

A hedge fund recently bought a new stake in DarkIris stock. Scientech Research LLC purchased a new position in shares of DarkIris Inc. (NASDAQ:DKI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 33,991 shares of the company’s stock, valued at approximately $44,000. Scientech Research LLC owned 0.19% of DarkIris as of its most recent filing with the Securities and Exchange Commission.

DarkIris Company Profile

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.