Gaia (NASDAQ:GAIA) Shares Pass Above 200-Day Moving Average – What’s Next?

Posted by Stuart Ham on Nov 13th, 2024

Gaia, Inc. (NASDAQ:GAIA – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.73 and traded as high as $6.10. Gaia shares last traded at $6.02, with a volume of 23,868 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GAIA. Lake Street Capital raised their price target on Gaia from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. StockNews.com began coverage on Gaia in a research report on Friday, September 6th. They issued a “hold” rating for the company.

Read Our Latest Stock Report on Gaia

Gaia Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.43 and a quick ratio of 0.45. The business has a 50-day moving average of $5.24 and a 200-day moving average of $4.73. The company has a market capitalization of $141.14 million, a P/E ratio of -22.30 and a beta of 0.62.

Gaia (NASDAQ:GAIA – Get Free Report) last released its earnings results on Monday, November 4th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Gaia had a negative return on equity of 6.90% and a negative net margin of 7.23%. The business had revenue of $22.16 million for the quarter.

Institutional Trading of Gaia

An institutional investor recently bought a new position in Gaia stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in Gaia, Inc. (NASDAQ:GAIA – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,082 shares of the company’s stock, valued at approximately $49,000. 40.53% of the stock is owned by institutional investors.

Gaia Company Profile

(Get Free Report)

Gaia, Inc operates a digital video subscription service and online community for underserved member base in the United States, Canada, Australia, and internationally. The company has a digital content library with various titles in Spanish, German, and French languages available to its subscribers on internet connected devices.