Aurora Mobile (NASDAQ:JG) Trading Up 0.6% – Time to Buy?

Aurora Mobile Limited Sponsored ADR (NASDAQ:JG)’s share price traded up 0.6% during mid-day trading on Wednesday . The company traded as high as $8.50 and last traded at $8.03. 16,082 shares traded hands during trading, an increase of 160% from the average session volume of 6,193 shares. The stock had previously closed at $7.98.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aurora Mobile in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Aurora Mobile Stock Performance

The stock’s 50 day simple moving average is $7.05 and its 200 day simple moving average is $7.98. The firm has a market cap of $48.18 million, a P/E ratio of -100.38 and a beta of 0.60.

Aurora Mobile declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 13th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

About Aurora Mobile

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.