Smart Share Global (EM) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smart Share Global in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" EM shares.
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2 equities research analysts have issued twelve-month price targets for Smart Share Global's shares. Their EM share price forecasts range from $1.40 to $2.00. On average, they anticipate the company's share price to reach $1.70 in the next year. This suggests a possible upside of 107.6% from the stock's current price.
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Smart Share Global's stock was trading at $1.1401 at the beginning of 2023. Since then, EM shares have decreased by 28.2% and is now trading at $0.8189.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 21st 2023.
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Smart Share Global Limited (NYSE:EM) announced its quarterly earnings data on Friday, April, 21st. The company reported ($0.18) earnings per share (EPS) for the quarter. The company earned $86.36 million during the quarter. Smart Share Global had a negative trailing twelve-month return on equity of 23.96% and a negative net margin of 24.92%.

Smart Share Global updated its first quarter 2023 earnings guidance on Saturday, April, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $118.16 million-$118.16 million, compared to the consensus revenue estimate of $151.94 million.

(EM) raised $201 million in an initial public offering (IPO) on Thursday, April 1st 2021. The company issued 17,500,000 shares at $10.50-$12.50 per share. Goldman Sachs, Citigroup and China Renaissance served as the underwriters for the IPO and BOCI, Tiger Brokers, FUTU and Snowball were co-managers.

Smart Share Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "EM."

Smart Share Global's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hhlr Advisors LTD. (1.52%) and Bank of America Corp DE (0.17%).

Shares of EM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EM stock can currently be purchased for approximately $0.82.

Smart Share Global (NYSE:EM) has a market capitalization of $215.73 million and generates $411.50 million in revenue each year. The company earns $-103,120,000.00 in net income (profit) each year or ($0.40) on an earnings per share basis.

The company employs 3,656 workers across the globe.

Smart Share Global's mailing address is 6/F 799 TIANSHAN W ROAD CHANGNING DISTRICT, SHANGHAI F4, 200335. The official website for the company is www.enmonster.com. The company can be reached via phone at 86-21-6050-3535 or via email at ir@enmonster.com.