Now Is The Time To Build A Position In ATRenew Inc ADR (NYSE:RERE)

In the last trading session, 1.85 million ATRenew Inc ADR (NYSE:RERE) shares changed hands as the company’s beta touched -0.17. With the company’s per share price at $2.52 changed hands at -$0.32 or -11.27% during last session, the market valuation stood at $339.75M. RERE’s last price was a discount, traded about -20.24% off its 52-week high of $3.03. The share price had its 52-week low at $1.01, which suggests the last value was 59.92% up since then. When we look at ATRenew Inc ADR’s average trading volume, we note the 10-day average is 1.01 million shares, with the 3-month average coming to 1.19 million.

Analysts gave the ATRenew Inc ADR (RERE) stock a consensus recommendation rating of Sell, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 1 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended RERE as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. ATRenew Inc ADR’s EPS for the current quarter is expected to be 0.07.

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ATRenew Inc ADR (NYSE:RERE) trade information

Instantly RERE was in red as seen at the end of in last trading. With action -7.01%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 31.25%, with the 5-day performance at -7.01% in the red. However, in the 30-day time frame, ATRenew Inc ADR (NYSE:RERE) is 10.53% up. Looking at the short shares, we see there were 0.66 million shares sold at short interest cover period of 0.71 days.

ATRenew Inc ADR (RERE) estimates and forecasts

Data shows that the ATRenew Inc ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 125.00% over the past 6 months, a 38.46% in annual growth rate that is considerably higher than the industry average of 15.40%. Year-over-year growth is forecast to reach 23.50% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 519.02M. 1 analysts are of the opinion that ATRenew Inc ADR’s revenue for the current quarter will be 567.9M. The estimates for the next quarter sales put growth at 23.90%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 34.22%. The 2024 estimates are for ATRenew Inc ADR earnings to increase by 72.56%.

RERE Dividends

ATRenew Inc ADR is expected to release its next quarterly earnings report in September.

TIGER PACIFIC CAPITAL LP holds the second largest percentage of outstanding shares, with 0.8466% or 2.07 million shares worth $3.64 million as of 2024-03-31.