Gamehaus (NASDAQ:GMHS) Trading Down 0.7% – What’s Next?

Gamehaus Holdings Inc. (NASDAQ:GMHS) shares were down 0.7% on Wednesday . The stock traded as low as $1.35 and last traded at $1.40. Approximately 84,071 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 150,577 shares. The stock had previously closed at $1.41.

Gamehaus Price Performance

The company’s 50-day moving average price is $1.48 and its two-hundred day moving average price is $1.50.

Gamehaus (NASDAQ:GMHS) last released its earnings results on Tuesday, September 9th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $30.72 million during the quarter. Gamehaus has set its Q1 2026 guidance at EPS.

Gamehaus announced that its board has authorized a stock buyback program on Thursday, August 28th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 98.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

About Gamehaus

Gamehaus Holdings Inc is a mobile game developer and publisher. Gamehaus Holdings Inc is headquartered in Beijing, China.