Smart Share Global (NYSE:EM) Trading Up 0.9% - Still a Buy?

Key Points

• Stock movement: Smart Share Global rose 0.9% to $1.14 with only ~16,685 shares traded—a drop of about 86% from its average daily volume of 122,977.
• Institutional interest: Hedge funds and institutional investors own roughly 83.96% of the company, with recent stakes or increases from MASO Capital, Schonfeld, Two Sigma and Citadel.
• Business and valuation: The Hong Kong–based provider of digital display hardware, interactive kiosks and a proprietary content-management platform has a market cap of $289.04M and a P/E of 38.01.

Smart Share Global Limited (NYSE:EM - Get Free Report)'s stock price rose 0.9% during trading on Wednesday . The stock traded as high as $1.14 and last traded at $1.14. Approximately 16,685 shares were traded during trading, a decline of 86% from the average daily volume of 122,977 shares. The stock had previously closed at $1.13.

Smart Share Global Trading Up 0.9%

The firm has a market capitalization of $289.04 million, a price-to-earnings ratio of 38.01 and a beta of 0.70. The firm has a 50 day moving average price of $1.14 and a two-hundred day moving average price of $1.25.

Hedge Funds Weigh In On Smart Share Global

A number of hedge funds have recently made changes to their positions in the business. XTX Topco Ltd purchased a new stake in Smart Share Global during the 2nd quarter worth $27,000. MASO CAPITAL PARTNERS Ltd lifted its stake in shares of Smart Share Global by 12.3% during the second quarter. MASO CAPITAL PARTNERS Ltd now owns 2,954,764 shares of the company's stock worth $3,368,000 after purchasing an additional 322,504 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Smart Share Global in the third quarter worth about $58,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Smart Share Global in the third quarter valued at about $2,633,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Smart Share Global during the 3rd quarter valued at about $186,000. Hedge funds and other institutional investors own 83.96% of the company's stock.

Smart Share Global Company Profile

Smart Share Global Ltd. NYSE: EM is a technology-driven provider of digital display solutions and integrated marketing services. Headquartered in Hong Kong, the company specializes in the research, development, production and distribution of smart display hardware and software platforms. Its offerings are designed to help businesses modernize customer engagement through high-definition screens, interactive kiosks and LED video walls, supported by a proprietary content management system.

The company's product portfolio includes digital signage panels, interactive touchscreens and system-on-chip media players, complemented by software for real-time content scheduling, remote monitoring and performance analytics.

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