ATRenew Inc ADR (NYSE: RERE) is -14.24% lower on its value in year-to-date trading and has touched a low of $2.00 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 $2.45 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $2.47, the stock is -5.49% and -2.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing 0.82% at the moment leaves the stock -8.68% off its SMA200. RERE registered -1.59% loss for a year compared to 6-month loss of -26.71%. The firm has a 50-day simple moving average (SMA 50) of $2.5396 and a 200-day simple moving average (SMA200) of $2.7048.
The stock witnessed a -1.98% gain in the last 1 month and extending the period to 3 months gives it a -25.15%, and is -6.08% 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 1.61% over the week and 2.79% over the month.
ATRenew Inc ADR (RERE) has around 2096 employees, a market worth around $326.14M and $2.40B in sales. Current P/E ratio is 34.02 and Fwd P/E is 4.89. Profit margin for the company is 0.74%. Distance from 52-week low is 23.50% and -33.24% from its 52-week high. The company has generated returns on investments over the last 12 months (3.36%).
with sales reaching $4.79B over the same period.The EPS is expected to grow by 3185.60% this year, but quarterly earnings will post 24.87% year-over-year. Quarterly sales are estimated to grow 26.96% in year-over-year returns.
75.0 institutions hold shares in ATRenew Inc ADR (RERE), with institutional investors hold 37.70% of the company’s shares. Institutions hold 36.70% 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 $$4.9 million, while MORGAN STANLEY holds 0.7965 of the shares totaling 1.99 million with a market value of $$4.72 million.
