Aurora Mobile (NASDAQ:JG) Stock Price Up 3.3% – What’s Next?

Aurora Mobile Limited Sponsored ADR (NASDAQ:JG)’s stock price traded up 3.3% during trading on Tuesday . The stock traded as high as $8.20 and last traded at $7.90. 10,305 shares changed hands during mid-day trading, an increase of 58% from the average session volume of 6,532 shares. The stock had previously closed at $7.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Mobile in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Aurora Mobile has an average rating of “Sell”.

Aurora Mobile Trading Up 3.3%

The firm has a market cap of $47.40 million, a price-to-earnings ratio of -98.75 and a beta of 0.60. The firm’s 50 day simple moving average is $6.74 and its two-hundred day simple moving average is $8.40.

Aurora Mobile announced that its Board of Directors has initiated a share buyback program on Thursday, November 13th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Aurora Mobile Company Profile

Aurora Mobile (NASDAQ: JG) is a China‐based technology company specializing in mobile messaging and big data analytics. The company provides a one‐stop platform for developers and enterprises to integrate push notification services, in‐app messaging, and real‐time event tracking through a lightweight software development kit (SDK). Aurora Mobile’s platform is designed to help app publishers and brands enhance user engagement, retention and monetization by delivering timely and personalized content across mobile and web channels.

The company’s core offerings include smart push notifications, targeted messaging, user behavior analytics and data‐driven marketing tools.