Smart Share Global Limited (NYSE:EM - Get Free Report) shares traded down 0.9% during mid-day trading on Thursday . The stock traded as low as $1.12 and last traded at $1.13. 298,001 shares were traded during mid-day trading, an increase of 17% from the average session volume of 254,684 shares. The stock had previously closed at $1.14.
Wall Street Analysts Forecast Growth
Separately, Citigroup reiterated a "neutral" rating and set a $1.25 price target (up previously from $1.00) on shares of Smart Share Global in a report on Wednesday, June 18th.
Check Out Our Latest Report on Smart Share Global
Smart Share Global Stock Performance
The firm has a 50-day moving average of $1.10 and a 200-day moving average of $1.08. The firm has a market capitalization of $286.50 million, a P/E ratio of 37.68 and a beta of 0.67.
Institutional Investors Weigh In On Smart Share Global
A hedge fund recently bought a new stake in Smart Share Global stock. MASO CAPITAL PARTNERS Ltd bought a new stake in Smart Share Global Limited (NYSE:EM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,632,260 shares of the company's stock, valued at approximately $2,948,000. Smart Share Global accounts for approximately 4.5% of MASO CAPITAL PARTNERS Ltd's portfolio, making the stock its 5th biggest position. MASO CAPITAL PARTNERS Ltd owned approximately 1.01% of Smart Share Global at the end of the most recent quarter. Institutional investors and hedge funds own 83.96% of the company's stock.
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.
Further Reading
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