ATRenew Inc ADR (NYSE: RERE) is -25.00% lower on its value in year-to-date trading and has touched a low of $1.50 and a high of $3.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RERE stock was last observed hovering at around $2.20 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $2.16, the stock is -20.07% and -26.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.18 million and changing -1.82% at the moment leaves the stock -19.95% off its SMA200. RERE registered 26.32% gain for a year compared to 6-month gain of -20.88%. The firm has a 50-day simple moving average (SMA 50) of $2.9432 and a 200-day simple moving average (SMA200) of $2.69835.
The stock witnessed a -35.91% loss in the last 1 month and extending the period to 3 months gives it a -12.55%, and is -2.70% down 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 7.91% over the week and 7.65% over the month.
ATRenew Inc ADR (RERE) has around 2096 employees, a market worth around $285.21M and $2.27B in sales. Fwd P/E is 5.62. Profit margin for the company is -0.05%. Distance from 52-week low is 44.00% and -41.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.22%).
with sales reaching $4.62B over the same period.The EPS is expected to grow by 2731.50% this year, but quarterly earnings will post 27.02% year-over-year. Quarterly sales are estimated to grow 26.43% in year-over-year returns.
68.0 institutions hold shares in ATRenew Inc ADR (RERE), with institutional investors hold 37.01% of the company’s shares. Institutions hold 36.03% of the Float.
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.
