Smart Share Global (NYSE:EM - Get Free Report)'s stock had its "neutral" rating reissued by research analysts at Citigroup in a research note issued on Wednesday, Marketbeat reports. They currently have a $1.25 price target on the stock, up from their prior price target of $1.00. Citigroup's price objective would indicate a potential upside of 11.61% from the company's previous close.
Smart Share Global Stock Performance
EM opened at $1.12 on Wednesday. The business's 50 day moving average price is $1.08 and its 200 day moving average price is $1.03. The stock has a market capitalization of $283.97 million, a PE ratio of 37.35 and a beta of 0.65. Smart Share Global has a one year low of $0.50 and a one year high of $1.17.
Hedge Funds Weigh In On Smart Share Global
An institutional investor recently bought a new position in Smart Share Global stock. Virtu Financial LLC bought a new position in shares of Smart Share Global Limited (NYSE:EM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 51,599 shares of the company's stock, valued at approximately $58,000. 83.96% of the stock is owned by institutional investors and hedge funds.
About Smart Share Global
(
Get Free Report)
Smart Share Global Limited, a consumer tech company, provides mobile device charging services in the People's Republic of China. The company provides mobile device charging services through online and offline networks; and rents power banks. It offers services through its power banks placed in points of interests (POIs) operated by its location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces.
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