Scienjoy (NASDAQ:SJ) Stock Price Down 3.4% – Here’s Why

Scienjoy Holding Corporation (NASDAQ:SJ) shares dropped 3.4% during mid-day trading on Monday . The company traded as low as $1.37 and last traded at $1.40. Approximately 68,233 shares traded hands during trading, a decline of 39% from the average daily volume of 111,138 shares. The stock had previously closed at $1.45.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Scienjoy in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Scienjoy currently has an average rating of “Sell”.

Scienjoy Trading Down 3.4%

The firm has a market cap of $54.71 million, a PE ratio of 28.01 and a beta of 0.87. The business’s 50-day simple moving average is $0.80 and its 200 day simple moving average is $0.71.

Hedge Funds Weigh In On Scienjoy

A hedge fund recently raised its stake in Scienjoy stock. Citadel Advisors LLC boosted its position in Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,709 shares of the company’s stock after purchasing 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 reporting period. 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.