ATRenew Inc ADR (RERE) Stock Could Soon Reward Patient Investors

ATRenew Inc ADR (NYSE: RERE) is 44.79% higher on its value in year-to-date trading and has touched a low of $1.01 and a high of $3.03 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RERE stock was last observed hovering at around $2.53 in the last trading session, with the day’s gains setting it 0.25%.

Currently trading at $2.78, the stock is 17.92% and 13.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.39 million and changing 9.88% at the moment leaves the stock 40.71% off its SMA200. RERE registered 23.01% gain for a year compared to 6-month gain of 51.09%. The firm has a 50-day simple moving average (SMA 50) of $2.4556 and a 200-day simple moving average (SMA200) of $1.98155.

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The stock witnessed a 21.40% loss in the last 1 month and extending the period to 3 months gives it a 16.32%, and is 25.79% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.69% over the week and 5.75% over the month.

ATRenew Inc ADR (RERE) has around 2055 employees, a market worth around $366.10M and $2.01B in sales. Fwd P/E is 16.71. Profit margin for the company is -1.00%. Distance from 52-week low is 175.25% and -8.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.99%).

with sales reaching $573.01M over the same period.The EPS is expected to grow by 41.68% this year, but quarterly earnings will post 25.30% year-over-year. Quarterly sales are estimated to grow 25.00% in year-over-year returns.

ATRenew Inc ADR (RERE) Top Institutional Holders

The top institutional shareholder in the company is TIGER GLOBAL MANAGEMENT LLC with over 11.48 million shares valued at $27.21 million. The investor’s holdings represent 4.6926% of the RERE Shares outstanding. As of 2024-06-30, the second largest holder is PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. with 2.21 million shares valued at $5.24 million to account for 0.9033 of the shares outstanding. The other top investors are TIGER PACIFIC CAPITAL LP which holds 2.07 million shares representing 0.8458% and valued at over $4.9 million, while MORGAN STANLEY holds 0.8136 of the shares totaling 1.99 million with a market value of $4.72 million.