Smart Share Global Ltd ADR [NASDAQ: EM] gained 39.82% or 0.28 points to close at $1.00 with a heavy trading volume of 8376912 shares.
The daily chart for EM points out that the company has recorded 10.50% gains over the past six months.
If we look at the average trading volume of 60.12K shares, EM reached to a volume of 8376912 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Smart Share Global Ltd ADR [EM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EM shares is $2.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EM stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Smart Share Global Ltd ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 28, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on May 11, 2021, representing the official price target for Smart Share Global Ltd ADR stock. Previously, the target price had yet another raise to $13.40, while China Renaissance analysts kept a Buy rating on EM stock.
The Average True Range (ATR) for Smart Share Global Ltd ADR is set at 0.07, with the Price to Sales ratio for EM stock in the period of the last 12 months amounting to 0.82. The Price to Book ratio for the last quarter was 0.60, with the Price to Cash per share for the same quarter was set at 1.98.
Trading performance analysis for EM stock
Smart Share Global Ltd ADR [EM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 39.08. With this latest performance, EM shares gained by 37.89% in over the last four-week period, additionally plugging by 10.50% over the last 6 months – not to mention a rise of 80.48% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EM stock in for the last two-week period is set at 82.47, with the RSI for the last a single of trading hit 88.87, and the three-weeks RSI is set at 76.80 for Smart Share Global Ltd ADR [EM]. The present Moving Average for the last 50 days of trading for this stock 0.7245, while it was recorded at 0.7750 for the last single week of trading, and 0.7666 for the last 200 days.
Smart Share Global Ltd ADR [EM]: A deeper dive into fundamental analysis
Smart Share Global Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.77 and a Current Ratio set at 2.89.
An analysis of Institutional ownership at Smart Share Global Ltd ADR [EM]
The top three institutional holders of EM stocks are: CARLYLE GROUP INC. with ownership of 4.81 million shares, which is approximately 1.8555%. HHLR ADVISORS, LTD., holding 3.95 million shares of the stock with an approximate value of $$3.36 million in EM stocks shares; and HHLR ADVISORS, LTD., currently with $$84107.0 in EM stock with ownership which is approximately 0.0378%.
