Published on 13 Jul 2023 on Simply Wall St. via Yahoo Finance
Cheetah Mobile Inc. (NYSE:CMCM) shareholders should be happy to see the share price up 17% in the last month. But will that repair the damage for the weary investors who have owned this stock as it declined over half a decade? Probably not. Five years have seen the share price descend precipitously, down a full 95%. It's true that the recent bounce could signal the company is turning over a new leaf, but we are not so sure. The important question is if the business itself justifies a higher share price in the long term. While a drop like that is definitely a body blow, money isn't as important as health and happiness.
So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress.
View our latest analysis for Cheetah Mobile