Scienjoy (NASDAQ:SJ) Shares Down 12.2% – Here’s What Happened

Scienjoy Holding Corporation (NASDAQ:SJ) fell 12.2% during trading on Monday . The stock traded as low as $1.00 and last traded at $1.01. 173,128 shares traded hands during trading, an increase of 180% from the average session volume of 61,744 shares. The stock had previously closed at $1.15.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Scienjoy from a “sell (d+)” rating to a “sell (d-)” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Scienjoy Stock Up 5.4%

The company has a market cap of $46.66 million, a PE ratio of -0.59 and a beta of 0.80. The company has a 50-day moving average of $1.24 and a 200-day moving average of $1.01.

Scienjoy (NASDAQ:SJ) last announced its earnings results on Monday, April 20th. The company reported ($2.08) earnings per share (EPS) for the quarter. The company had revenue of $42.73 million for the quarter. Scienjoy had a negative net margin of 47.40% and a negative return on equity of 57.42%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Scienjoy stock. Citadel Advisors LLC lifted its stake in shares of Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,709 shares of the company’s stock after buying an additional 15,540 shares during the period. Citadel Advisors LLC owned about 0.20% of Scienjoy worth $49,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.