Smart Share Global Ltd ADR Down 1.55% To $0.64 After Earnings

Smart Share Global Ltd ADR (EM) said before open Thursday that it broke even in quarter four 2023.

In the same quarter a year ago, the company lost $0.18 per share on revenue of $86.5 million.

The stock is down 1.55% to $0.64 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Smart Share Global Ltd ADR has performed a little below average during the past few months. Before the report, Smart Share Global Ltd ADR received a Long-Term Technical Rank by InvestorsObserver of 28, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $0.43 on January 22, 2024 and set a 52-week high on March 30, 2023 at $1.14.

Smart Share Global Ltd is a consumer tech company providing mobile device charging service through an extensive online and offline network in China. It provides service through power banks, placed in POIs operated by location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Through the mini-programs, users rent the power banks to carry with them when they use the service and can return the power banks at any of the POIs, enabled by the expansive network and powerful technologies.