Smart Share Global (NYSE:EM) Trading Up 0.9% – Time to Buy?

Smart Share Global Limited (NYSE:EM)’s share price traded up 0.9% during trading on Wednesday . The stock traded as high as $1.14 and last traded at $1.14. 16,685 shares changed hands during trading, a decline of 86% from the average session volume of 122,977 shares. The stock had previously closed at $1.13.

Smart Share Global Price Performance

The company has a market cap of $289.04 million, a price-to-earnings ratio of 38.01 and a beta of 0.70. The company’s 50-day simple moving average is $1.14 and its 200-day simple moving average is $1.25.

Hedge Funds Weigh In On Smart Share Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd purchased a new stake in shares of Smart Share Global during the third quarter worth about $26,000. XTX Topco Ltd purchased a new position in Smart Share Global in the second quarter valued at about $27,000. Sunstone Asset Management L.P. acquired a new stake in Smart Share Global during the 4th quarter valued at approximately $57,000. Two Sigma Investments LP purchased a new stake in Smart Share Global during the 3rd quarter worth approximately $58,000. Finally, Jane Street Group LLC acquired a new position in shares of Smart Share Global in the 4th quarter valued at approximately $66,000. 83.96% of the stock is owned by hedge funds and other institutional investors.

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.