Scienjoy (NASDAQ:SJ) Shares Up 0.8% - Time to Buy?

Key Points

• Shares rose about 0.8%, trading as high as $1.34 and last at $1.29, but volume was very thin at 2,923 shares—down roughly 93% from the average session volume.
• Weiss Ratings reissued a "sell (d)" and the stock's consensus rating on MarketBeat is an average Sell.
• Citadel Advisors increased its stake by 25.4% to 76,709 shares (about 0.20% of the company); institutional ownership is only ~0.32%, and the stock has a market cap of roughly $50.8M with a P/E of ~25.8.

Scienjoy Holding Corporation (NASDAQ:SJ - Get Free Report)'s share price shot up 0.8% on Thursday . The stock traded as high as $1.34 and last traded at $1.29. 2,923 shares traded hands during trading, a decline of 93% from the average session volume of 40,605 shares. The stock had previously closed at $1.28.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Scienjoy in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Sell".

Scienjoy Stock Performance

The company has a 50 day moving average of $1.30 and a two-hundred day moving average of $0.89. The stock has a market cap of $50.84 million, a PE ratio of 25.81 and a beta of 0.94.

Hedge Funds Weigh In On Scienjoy

A hedge fund recently raised its stake in Scienjoy stock. Citadel Advisors LLC lifted its holdings in Scienjoy Holding Corporation (NASDAQ:SJ - Free Report) by 25.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,709 shares of the company's stock after purchasing an additional 15,540 shares during the period. Citadel Advisors LLC owned about 0.20% of Scienjoy worth $49,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.32% of the company's stock.

About Scienjoy

Scienjoy Limited NASDAQ: SJ is a China-based interactive entertainment company that operates online social platforms and develops mobile gaming applications. The company's core business centers on group video chat services and live-streaming products that facilitate multi-user interactions. Through its proprietary technologies, Scienjoy provides users with themed virtual rooms, interactive features such as filters and animations, and a range of monetization options including virtual gifting and membership subscriptions.

In addition to its social entertainment offerings, Scienjoy develops and publishes casual mobile games across Android and iOS platforms.

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