Smart Share Global Ltd ADR (NASDAQ:EM) price on Thursday, January 16, rose 3.03% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.02.
A look at the stock’s price movement, the close in the last trading session was $0.99, moving within a range at $0.9935 and $1.02. The beta value (5-Year monthly) was 0.574 while the PE ratio in trailing twelve months stood at 31.38. Turning to its 52-week performance, $1.17 and $0.41 were the 52-week high and 52-week low respectively. Overall, EM moved 34.19% over the past month.
Smart Share Global Ltd ADR’s market cap currently stands at around $225.62 million, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.00, with its dividend yield at 0.00%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 442M for the company’s revenue for the quarter, with a low and high estimate of 442M and 442M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.78B, representing a -39.85% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EM is a 100% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend EM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EM’s current price about 22.36% and 34.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 80.33, while 7-day volatility ratio is 2.71% and 6.08% in the 30-day chart. Further, Smart Share Global Ltd ADR (EM) has a beta value of 0.60, and an average true range (ATR) of 0.05.
If we refocus on Smart Share Global Ltd ADR (NASDAQ:EM), historical trading data shows that trading volumes averaged 2.79 over the past 10 days and 497.59K over the past 3 months. The company’s latest data on shares outstanding shows there are 221.20 million shares.
The 2.17% of Smart Share Global Ltd ADR’s shares are in the hands of company insiders while institutional holders own 1.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 55186.0 on 2024-12-31, giving us a short ratio of 0.73. The data shows that as of 2024-12-31 short interest in Smart Share Global Ltd ADR (EM) stood at 5.0 of shares outstanding, with shares short rising to 35030.0 registered in 2024-11-29. Current price change has pushed the stock 41.67% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EM stock continues to rise going into the next quarter.
