Smart Share Global (NYSE:EM) Stock Price Up 1.8% – Still a Buy?

Smart Share Global Limited (NYSE:EM) traded up 1.8% on Thursday . The company traded as high as $1.16 and last traded at $1.16. 95,316 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 226,813 shares. The stock had previously closed at $1.14.

Smart Share Global Stock Performance

The stock has a market cap of $294.11 million, a P/E ratio of 38.68 and a beta of 0.70. The stock has a 50-day moving average price of $1.22 and a 200-day moving average price of $1.28.

Hedge Funds Weigh In On Smart Share Global

A number of hedge funds and other institutional investors have recently bought and sold shares of EM. Qube Research & Technologies Ltd purchased a new stake in shares of Smart Share Global during the 3rd quarter valued at $26,000. XTX Topco Ltd purchased a new position in Smart Share Global in the second quarter worth $27,000. Two Sigma Investments LP bought a new position in Smart Share Global in the third quarter valued at $58,000. PenderFund Capital Management Ltd. purchased a new stake in Smart Share Global during the third quarter valued at about $99,000. Finally, Citadel Advisors LLC purchased a new stake in Smart Share Global during the third quarter valued at about $186,000. Hedge funds and other institutional investors own 83.96% of the company’s stock.

About Smart Share Global

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.