Scienjoy (NASDAQ:SJ) Stock Price Up 3.2% – Time to Buy?

Scienjoy Holding Corporation (NASDAQ:SJ)’s share price was up 3.2% during trading on Wednesday . The stock traded as high as $0.98 and last traded at $0.98. 19,060 shares changed hands during trading, a decline of 27% from the average session volume of 25,946 shares. The stock had previously closed at $0.95.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Scienjoy from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Scienjoy Stock Performance

The stock has a market cap of $38.75 million, a P/E ratio of -0.50 and a beta of 0.87. The firm’s 50 day moving average is $0.90 and its 200 day moving average is $1.12.

Scienjoy (NASDAQ:SJ) last posted its earnings results on Thursday, May 21st. The company reported $0.03 EPS for the quarter. The company had revenue of $40.99 million during the quarter. Scienjoy had a negative net margin of 46.33% and a negative return on equity of 63.91%.

Institutional Trading of Scienjoy

An institutional investor recently raised its stake in Scienjoy stock. Citadel Advisors LLC boosted its stake in shares of Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,709 shares of the company’s stock after acquiring an additional 15,540 shares during the quarter. Citadel Advisors LLC owned 0.20% of Scienjoy worth $49,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.32% of the company’s stock.

Scienjoy Company Profile

Scienjoy Limited (NASDAQ: SJ) is a China-based interactive entertainment company that operates online social platforms and develops mobile gaming applications. The company’s core business centers on group video chat services and live-streaming products that facilitate multi-user interactions. Through its proprietary technologies, Scienjoy provides users with themed virtual rooms, interactive features such as filters and animations, and a range of monetization options including virtual gifting and membership subscriptions.

In addition to its social entertainment offerings, Scienjoy develops and publishes casual mobile games across Android and iOS platforms.