ATRenew Inc ADR (NYSE: RERE) is 14.58% higher on its value in year-to-date trading and has touched a low of $1.11 and a high of $3.70 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 $3.29 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $3.30, the stock is 10.00% and 16.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing 0.30% at the moment leaves the stock 25.71% off its SMA200. RERE registered 182.05% gain for a year compared to 6-month gain of 38.66%.
The stock witnessed a 11.11% loss in the last 1 month and extending the period to 3 months gives it a -2.08%, and is 10.37% 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 8.63% over the week and 6.29% over the month.
ATRenew Inc ADR (RERE) has around 2055 employees, a market worth around $434.58M and $2.13B in sales. Fwd P/E is 13.32. Profit margin for the company is -0.54%. Distance from 52-week low is 197.30% and -10.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.19%).
The EPS is expected to grow by 81.08% this year
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.
