Scienjoy (NASDAQ:SJ) Trading Up 3.2% – What’s Next?

Scienjoy Holding Corporation (NASDAQ:SJ) shares traded up 3.2% on Wednesday . The stock traded as high as $0.98 and last traded at $0.98. Approximately 19,060 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 25,946 shares. The stock had previously closed at $0.95.

Wall Street Analysts Forecast Growth

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

Scienjoy Price Performance

The stock has a market capitalization of $38.03 million, a P/E ratio of -0.49 and a beta of 0.87. The stock has a fifty day moving average price of $0.90 and a 200 day moving average price of $1.12.

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

Institutional Investors Weigh In On Scienjoy

A hedge fund recently raised its stake in Scienjoy stock. Citadel Advisors LLC lifted its position in Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,709 shares of the company’s stock after buying an additional 15,540 shares during the quarter. Citadel Advisors LLC owned approximately 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.