Smart Share Global (NYSE:EM) Trading Up 2.9% – What’s Next?

Smart Share Global Limited (NYSE:EM)’s share price traded up 2.9% during mid-day trading on Monday . The stock traded as high as $0.72 and last traded at $0.72. 10,880 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 165,025 shares. The stock had previously closed at $0.70.

Smart Share Global Stock Performance

The stock’s 50-day moving average is $0.69 and its 200 day moving average is $0.80. The stock has a market capitalization of $185.75 million, a PE ratio of 23.85 and a beta of 0.59.

Smart Share Global (NYSE:EM) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.10). The firm had revenue of $63.70 million for the quarter. Smart Share Global had a return on equity of 2.23% and a net margin of 3.10%.

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.