DarkIris (NASDAQ:DKI) Shares to Reverse Split on Monday, May 11th
by Jessica Moore · The Cerbat GemShares of DarkIris Inc. (NASDAQ:DKI – Free Report) are set to reverse split on the morning of 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 Price Performance
Shares of NASDAQ DKI traded down $0.06 during midday trading on Thursday, hitting $0.37. 769,786 shares of the company’s stock were exchanged, compared to its average volume of 14,442,659. DarkIris has a twelve month low of $0.28 and a twelve month high of $15.00. The firm’s fifty day simple moving average is $0.43 and its 200-day simple moving average is $0.45.
Analysts Set New Price Targets
Separately, Weiss Ratings raised DarkIris from a “sell (e)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, DarkIris presently has an average rating of “Sell”.
View Our Latest Research Report on DKI
Insider Buying and Selling at DarkIris
In other DarkIris news, CEO Zhifang Hong bought 1,428,571 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were acquired at an average price of $0.35 per share, with a total value of $499,999.85. Following the transaction, the chief executive officer owned 6,878,171 shares of the company’s stock, valued at approximately $2,407,359.85. The trade was a 26.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Institutional Investors Weigh In On DarkIris
An institutional investor recently bought a new position in DarkIris stock. Scientech Research LLC purchased a new position in shares of DarkIris Inc. (NASDAQ:DKI – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & 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 SEC filing.
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.