Scienjoy (NASDAQ:SJ) Stock Price Up 3.2% – Time to Buy?

Scienjoy Holding Corporation (NASDAQ:SJ)’s stock price shot up 3.2% during mid-day trading on Wednesday . The stock traded as high as $0.98 and last traded at $0.98. 19,060 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 25,946 shares. The stock had previously closed at $0.95.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Scienjoy from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, June 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Scienjoy Stock Performance

The company has a market cap of $38.75 million, a P/E ratio of -0.50 and a beta of 0.87. The business’s fifty day moving average is $0.90 and its two-hundred day moving average is $1.12.

Scienjoy (NASDAQ:SJ) last issued its earnings results on Thursday, May 21st. The company reported $0.03 EPS for the quarter. The business had revenue of $40.99 million for the quarter. Scienjoy had a negative net margin of 46.33% and a negative return on equity of 63.91%.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Scienjoy stock. Citadel Advisors LLC raised its position in shares of Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,709 shares of the company’s stock after purchasing an additional 15,540 shares during the period. Citadel Advisors LLC owned about 0.20% of Scienjoy worth $49,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.32% of the company’s stock.

Scienjoy Company Profile

Scienjoy Limited (NASDAQ: SJ) is a China-based interactive entertainment company that operates online social platforms and develops mobile gaming applications. The company’s core business centers on group video chat services and live-streaming products that facilitate multi-user interactions. Through its proprietary technologies, Scienjoy provides users with themed virtual rooms, interactive features such as filters and animations, and a range of monetization options including virtual gifting and membership subscriptions.

In addition to its social entertainment offerings, Scienjoy develops and publishes casual mobile games across Android and iOS platforms.