Scienjoy (NASDAQ:SJ) Stock Price Down 1.2% – Here’s What Happened

Shares of Scienjoy Holding Corporation (NASDAQ:SJ) fell 1.2% on Monday . The stock traded as low as $1.12 and last traded at $1.1450. 9,741 shares changed hands during trading, a decline of 67% from the average session volume of 29,830 shares. The stock had previously closed at $1.1588.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Scienjoy in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Scienjoy Trading Down 1.2%

The company has a market capitalization of $45.12 million, a P/E ratio of 22.90 and a beta of 0.91. The stock has a 50 day moving average price of $1.11 and a 200 day moving average price of $0.79.

Institutional Trading of Scienjoy

A hedge fund recently raised its stake in Scienjoy stock. Citadel Advisors LLC increased its position in Scienjoy Holding Corporation (NASDAQ:SJ) by 25.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,709 shares of the company’s stock after buying an additional 15,540 shares during the quarter. Citadel Advisors LLC owned 0.20% of Scienjoy worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.32% of the company’s stock.

About Scienjoy

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.