Aurora Mobile (NASDAQ:JG) Stock Price Up 1.5% – Should You Buy?

Aurora Mobile Limited Sponsored ADR (NASDAQ:JG) shot up 1.5% during mid-day trading on Monday . The stock traded as high as $6.60 and last traded at $6.4250. 24,505 shares were traded during trading, an increase of 508% from the average session volume of 4,032 shares. The stock had previously closed at $6.33.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Mobile in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Aurora Mobile Price Performance

The stock has a market capitalization of $39.02 million, a price-to-earnings ratio of -81.30 and a beta of 0.59. The business has a fifty day moving average of $6.79 and a 200 day moving average of $8.81.

Aurora Mobile announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 13th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

About Aurora Mobile

Aurora Mobile (NASDAQ: JG) is a China‐based technology company specializing in mobile messaging and big data analytics. The company provides a one‐stop platform for developers and enterprises to integrate push notification services, in‐app messaging, and real‐time event tracking through a lightweight software development kit (SDK). Aurora Mobile’s platform is designed to help app publishers and brands enhance user engagement, retention and monetization by delivering timely and personalized content across mobile and web channels.

The company’s core offerings include smart push notifications, targeted messaging, user behavior analytics and data‐driven marketing tools.