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

Smart Share Global Limited (NYSE:EM)’s share price rose 0.9% on Wednesday . The company traded as high as $1.14 and last traded at $1.14. Approximately 16,685 shares traded hands 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 Price Performance

The business has a 50-day moving average of $1.14 and a 200 day moving average of $1.25. The company has a market capitalization of $286.50 million, a PE ratio of 37.68 and a beta of 0.67.

Institutional Trading of Smart Share Global

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd purchased a new position in shares of Smart Share Global in the second quarter valued at $27,000. MASO CAPITAL PARTNERS Ltd raised its stake in 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 valued at $3,368,000 after purchasing an additional 322,504 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Smart Share Global during the third quarter valued at $58,000. Schonfeld Strategic Advisors LLC bought a new position in Smart Share Global during the third quarter valued at $2,633,000. Finally, Citadel Advisors LLC bought a new position in Smart Share Global during the third quarter valued at $186,000. 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.