Smart Share Global (NYSE:EM – Get Rating) had its price target lowered by Citigroup from $4.50 to $2.00 in a research note issued to investors on Tuesday, The Fly reports. The brokerage currently has a buy rating on the stock.
EM stock opened at $1.21 on Tuesday. The business’s 50-day moving average is $1.23 and its two-hundred day moving average is $1.38. Smart Share Global has a fifty-two week low of $0.88 and a fifty-two week high of $6.40. The company has a market cap of $318.76 million, a price-to-earnings ratio of -9.31 and a beta of -1.60.
An institutional investor recently bought a new position in Smart Share Global stock. Two Sigma Securities LLC bought a new position in Smart Share Global Limited (NYSE:EM – Get Rating) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 11,028 shares of the company’s stock, valued at approximately $37,000. Institutional investors own 5.15% of the company’s stock.
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 and sells 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.
- Get a free copy of the StockNews.com research report on Smart Share Global (EM)
- Are These Cheap Copper Stocks Right For Your Portfolio?
- Zai Lab Stock Has Fallen to Value Levels
- It’s A Comfortable Time To Buy Steelcase
- Worthington Posts Strong Results, But Earnings Fall On One-Off Adjustments
- A Tasty Entry Point Into Darden Restaurants International
Receive News & Ratings for Smart Share Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Share Global and related companies with MarketBeat.com's FREE daily email newsletter.