During the recent session, ATRenew Inc ADR (NYSE:RERE)’s traded shares were 0.52 million, with the beta value of the company hitting -0.19. At the last check today, the stock’s price was $2.24, reflecting an intraday loss of -1.72% or -$0.04. The 52-week high for the RERE share is $3.03, that puts it down -35.27 from that peak though still a striking 54.91% gain since the share price plummeted to a 52-week low of $1.01. The company’s market capitalization is $295.09M, and the average intraday trading volume over the past 10 days was 0.58 million shares, and the average trade volume was 947.24K shares over the past three months.
ATRenew Inc ADR (RERE) received a consensus recommendation of Sell from analysts. That translates to a mean rating of 1.00. RERE has a Sell rating from 1 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.08.
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ATRenew Inc ADR (NYSE:RERE) trade information
ATRenew Inc ADR (RERE) registered a -1.72% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.72% in intraday trading to $2.24, hitting a weekly high. The stock’s 5-day price performance is -5.05%, and it has moved by -11.08% in 30 days. Based on these gigs, the overall price performance for the year is 10.38%. The short interest in ATRenew Inc ADR (NYSE:RERE) is 0.64 million shares and it means that shorts have 0.62 day(s) to cover.
ATRenew Inc ADR (RERE) estimates and forecasts
Statistics show that ATRenew Inc ADR has outperformed its competitors in share price, compared to the industry in which it operates. ATRenew Inc ADR (RERE) shares have gone up 22.45% during the last six months, with a year-to-date growth rate more than the industry average at 23.08% against 18.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 100.00% this quarter and then jump 300.00% in the quarter after that. In the rating firms’ projections, revenue will increase 23.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 566.37M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 645.63M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 458.23M and 545.01M respectively. In this case, analysts expect current quarter sales to grow by 23.60% and then jump by 18.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 34.22%. While earnings are projected to return 41.15% in 2024.
RERE Dividends
ATRenew Inc ADR is due to release its next quarterly earnings on 2024-Nov-20. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 2.21 million shares, is of PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.’s that is approximately 0.9033% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.24 million.
Also, the Mutual Funds coming in first place with the largest holdings of ATRenew Inc ADR (RERE) shares are Blackrock Large Cap Ser Fds-Blackrock Event Driven Equity Fd and SPDR Portfolio Emerging Markets ETF . Data provided on May 31, 2024 indicates that Blackrock Large Cap Ser Fds-Blackrock Event Driven Equity Fd owns about 230.82 shares. This amounts to just over 0.18 percent of the company’s overall shares, with a $0.51 million market value. The same data shows that the other fund manager holds slightly less at 167.46, or about 0.13% of the stock, which is worth about $0.37 million.
