Smart Share Global (NYSE:EM) Stock Price Down 5.2%

Smart Share Global Limited (NYSE:EM)’s share price dropped 5.2% on Monday . The stock traded as low as $0.81 and last traded at $0.81. Approximately 73,710 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 237,967 shares. The stock had previously closed at $0.86.

Wall Street Analysts Forecast Growth

Separately, Citigroup reduced their price objective on shares of Smart Share Global from $1.10 to $1.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th.

Smart Share Global Price Performance

The company has a market capitalization of $241.41 million, a PE ratio of 28.62 and a beta of 0.61. The stock’s 50 day simple moving average is $0.97 and its 200-day simple moving average is $0.71.

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.