In last trading session, ATRenew Inc. (NYSE:RERE) saw 0.11 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.65 trading at -$0.02 or -1.20% at ring of the bell on the day assigns it a market valuation of $371.70M. That closing price of RERE’s stock is at a discount of -402.42% from its 52-week high price of $8.29 and is indicating a premium of 7.88% from its 52-week low price of $1.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.43 million shares which gives us an average trading volume of 290.30K if we extend that period to 3-months.
For ATRenew Inc. (RERE), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.03 in the current quarter.
ATRenew Inc. (NYSE:RERE) trade information
Upright in the red during last session for losing -1.20%, in the last five days RERE remained trading in the red while hitting it’s week-highest on Tuesday, 11/22/22 when the stock touched $1.65 price level, adding 14.95% to its value on the day. ATRenew Inc.’s shares saw a change of -72.22% in year-to-date performance and have moved -10.33% in past 5-day. ATRenew Inc. (NYSE:RERE) showed a performance of -8.84% in past 30-days. Number of shares sold short was 0.63 million shares which calculate 4.29 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $30.88 to the stock, which implies a rise of 94.66% to its current value. Analysts have been projecting $30.88 as a low price target for the stock while placing it at a high target of $30.88. It follows that stock’s current price would drop -1771.52% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1771.52% for stock’s current value.
ATRenew Inc. (RERE) estimates and forecasts
This year revenue growth is estimated to rise 26.20% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $359.06 million for the same. And 1 analysts are in estimates of company making revenue of $435.33 million in the next quarter that will end on Dec 2022. Company posted $248.21 million and $363.02 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 44.70% while estimating it to be 19.90% for the next quarter.
ATRenew Inc. is more likely to be releasing its next quarterly report on August 24 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
ATRenew Inc. (NYSE:RERE)’s Major holders
Insiders are in possession of 4.63% of company’s total shares while institution are holding 19.44 percent of that, with stock having share float percentage of 20.38%. Investors also watch the number of corporate investors in a company very closely, which is 19.44% institutions for ATRenew Inc. that are currently holding shares of the company. Tiger Global Management, LLC is the top institutional holder at RERE for having 14.37 million shares of worth $42.97 million. And as of Jun 29, 2022, it was holding 10.84% of the company’s outstanding shares.
The second largest institutional holder is Yiheng Capital Management, L.P., which was holding about 4.19 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 3.16% of outstanding shares, having a total worth of $12.54 million.
On the other hand, Blackrock Large Cap Ser Fds-Blackrock Event Driven Equity Fd and Fidelity Emerging Asia Fund are the top two Mutual Funds which own company’s shares. As of May 30, 2022, the former fund manager was holding 0.32 million shares of worth $0.96 million or 0.24% of the total outstanding shares. The later fund manager was in possession of 0.18 million shares on Aug 30, 2022, making its stake of worth around $0.53 million in the company or a holder of 0.13% of company’s stock.