Smart Share Global Ltd ADR (NASDAQ: EM) has a higher price-to-earnings ratio of 15.04x compared to its average ratio, The 36-month beta value for EM is at 0.47. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for EM is 213.29M, and currently, shorts hold a 0.01% of that float. The average trading volume for EM on May 01, 2024 was 215.53K shares.
EM) stock’s latest price update
Smart Share Global Ltd ADR (NASDAQ: EM) has experienced a rise in its stock price by 11.15 compared to its previous closing price of 0.64. However, the company has seen a gain of 13.66% in its stock price over the last five trading days. GlobeNewsWire reported 2024-03-20 that SHANGHAI, China, March 20, 2024 (GLOBE NEWSWIRE) — Smart Share Global Limited (Nasdaq: EM) (“Energy Monster” or the “Company”), a consumer tech company providing mobile device charging service, today announced that it plans to release its unaudited fourth quarter and fiscal year 2023 financial results on Thursday, March 28, 2024, before the U.S. market opens.
EM’s Market Performance
Smart Share Global Ltd ADR (EM) has experienced a 13.66% rise in stock performance for the past week, with a 13.12% rise in the past month, and a 36.83% rise in the past quarter. The volatility ratio for the week is 10.51%, and the volatility levels for the past 30 days are at 9.14% for EM. The simple moving average for the past 20 days is 14.74% for EM’s stock, with a 2.87% simple moving average for the past 200 days.
Analysts’ Opinion of EM
Many brokerage firms have already submitted their reports for EM stocks, with Goldman repeating the rating for EM by listing it as a “Neutral.” The predicted price for EM in the upcoming period, according to Goldman is $1.40 based on the research report published on June 28, 2022 of the previous year 2022.
Citigroup, on the other hand, stated in their research note that they expect to see EM reach a price target of $13. The rating they have provided for EM stocks is “Buy” according to the report published on May 11th, 2021.
China Renaissance gave a rating of “Buy” to EM, setting the target price at $13.40 in the report published on May 05th of the previous year.
EM Trading at 13.37% from the 50-Day Moving Average
After a stumble in the market that brought EM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.55% of loss for the given period.
Volatility was left at 9.14%, however, over the last 30 days, the volatility rate increased by 10.51%, as shares surge +12.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.20% upper at present.
During the last 5 trading sessions, EM rose by +13.66%, which changed the moving average for the period of 200-days by -27.39% in comparison to the 20-day moving average, which settled at $0.6240. In addition, Smart Share Global Ltd ADR saw 42.02% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for EM
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.59 for the gross margin
The net margin for Smart Share Global Ltd ADR stands at 0.04. The total capital return value is set at -0.0. Equity return is now at value 3.20, with 1.96 for asset returns.
The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -0.25.
Currently, EBITDA for the company is 391.55 million with net debt to EBITDA at -4.93. When we switch over and look at the enterprise to sales, we see a ratio of 0.21. The receivables turnover for the company is 10.63for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.74.
Conclusion
In conclusion, Smart Share Global Ltd ADR (EM) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
