Citigroup Reaffirms “Neutral” Rating for Smart Share Global (NYSE:EM)

Citigroup reissued their neutral rating on shares of Smart Share Global (NYSE:EM) in a report released on Wednesday, MarketBeat reports. The firm currently has a $1.25 target price on the stock, up from their prior target price of $1.00.

Smart Share Global Stock Up 0.9%

NYSE:EM opened at $1.13 on Wednesday. The stock’s fifty day moving average is $1.08 and its two-hundred day moving average is $1.03. Smart Share Global has a 52 week low of $0.50 and a 52 week high of $1.17. The stock has a market capitalization of $286.50 million, a price-to-earnings ratio of 37.68 and a beta of 0.65.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Smart Share Global stock. Virtu Financial LLC purchased a new position in shares of Smart Share Global Limited (NYSE:EM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,599 shares of the company’s stock, valued at approximately $58,000. 83.96% of the stock is owned by institutional investors.

Smart Share Global Company Profile

Smart Share Global Limited, a consumer tech company, provides mobile device charging services in the People's Republic of China. The company provides mobile device charging services through online and offline networks; and rents power banks. It offers services through its power banks placed in points of interests (POIs) operated by its location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces.