The stock of ATRenew Inc ADR (RERE) has seen a -15.08% decrease in the past week, with a -23.30% drop in the past month, and a 27.38% flourish in the past quarter. The volatility ratio for the week is 7.41%, and the volatility levels for the past 30 days are at 7.13% for RERE. The simple moving average for the last 20 days is -15.15% for RERE’s stock, with a simple moving average of 20.21% for the last 200 days.
Is It Worth Investing in ATRenew Inc ADR (NYSE: RERE) Right Now?
The 36-month beta value for RERE is at -0.17. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The average trading volume for RERE on June 17, 2024 was 1.21M shares.
RERE) stock’s latest price update
ATRenew Inc ADR (NYSE: RERE)’s stock price has dropped by -16.41 in relation to previous closing price of 2.56. Nevertheless, the company has seen a loss of -15.08% in its stock price over the last five trading days. prnewswire.com reported 2024-05-31 that SHANGHAI, May 31, 2024 /PRNewswire/ — ATRenew Inc. (“ATRenew” or the “Company”) (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced that it renewed the business cooperation agreement with JD.com (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)) for a term from June 1, 2024 to December 31, 2027. The two parties will continue to cooperate in the second-hand business by integrating resources and leveraging their respective strengths.
Analysts’ Opinion of RERE
Many brokerage firms have already submitted their reports for RERE stocks, with BofA Securities repeating the rating for RERE by listing it as a “Buy.” The predicted price for RERE in the upcoming period, according to BofA Securities is $20 based on the research report published on July 15, 2021 of the previous year 2021.
Goldman, on the other hand, stated in their research note that they expect to see RERE reach a price target of $20.80. The rating they have provided for RERE stocks is “Buy” according to the report published on July 14th, 2021.
RERE Trading at -3.11% from the 50-Day Moving Average
After a stumble in the market that brought RERE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.15% of loss for the given period.
Volatility was left at 7.13%, however, over the last 30 days, the volatility rate increased by 7.41%, as shares sank -26.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.29% upper at present.
During the last 5 trading sessions, RERE fell by -15.08%, which changed the moving average for the period of 200-days by -7.36% in comparison to the 20-day moving average, which settled at $2.48. In addition, ATRenew Inc ADR saw 11.46% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for RERE
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.2 for the gross margin
The net margin for ATRenew Inc ADR stands at -0.01. The total capital return value is set at -0.04. Equity return is now at value -5.23, with -3.88 for asset returns.
Based on ATRenew Inc ADR (RERE), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is -14.59.
Currently, EBITDA for the company is 192.38 million with net debt to EBITDA at 6.47. When we switch over and look at the enterprise to sales, we see a ratio of 0.18. The receivables turnover for the company is 12.98for trailing twelve months and the total asset turnover is 2.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.97.
Conclusion
In conclusion, ATRenew Inc ADR (RERE) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
