Secoo Holding Ltd ADR (NASDAQ: SECO)’s stock price has gone rise by 5.17 in comparison to its previous close of 0.38, however, the company has experienced a 2.48% increase in its stock price over the last five trading days. InvestorPlace reported 2023-10-12 that Secoo (NASDAQ: SECO ) stock is experiencing a massive rally on Thursday despite a lack of news from the Chinese shopping company. There are no new press releases or filings with the Securities and Exchange Commission (SEC) that would explain why SECO stock is up today.
Is It Worth Investing in Secoo Holding Ltd ADR (NASDAQ: SECO) Right Now?
Company’s 36-month beta value is -0.05.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SECO is 1.19M, and currently, short sellers hold a 4.00% ratio of that floaft. The average trading volume of SECO on April 26, 2024 was 317.06K shares.
SECO’s Market Performance
The stock of Secoo Holding Ltd ADR (SECO) has seen a 2.48% increase in the past week, with a -3.60% drop in the past month, and a -7.89% fall in the past quarter. The volatility ratio for the week is 17.00%, and the volatility levels for the past 30 days are at 13.32% for SECO. The simple moving average for the past 20 days is 4.38% for SECO’s stock, with a -24.39% simple moving average for the past 200 days.
SECO Trading at -8.08% from the 50-Day Moving Average
After a stumble in the market that brought SECO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.17% of loss for the given period.
Volatility was left at 13.32%, however, over the last 30 days, the volatility rate increased by 17.00%, as shares sank -3.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.38% lower at present.
During the last 5 trading sessions, SECO rose by +2.48%, which changed the moving average for the period of 200-days by -51.07% in comparison to the 20-day moving average, which settled at $0.3872. In addition, Secoo Holding Ltd ADR saw -28.34% in overturn over a single year, with a tendency to cut further losses.
Conclusion
In a nutshell, Secoo Holding Ltd ADR (SECO) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
