ATRenew Inc ADR (NYSE:RERE) has a beta value of -0.17 and has seen 1.1 million shares traded in the last trading session. The company, currently valued at $335.81M, closed the last trade at $2.55 per share which meant it lost -$0.18 on the day or -6.59% during that session. The RERE stock price is -24.71% off its 52-week high price of $3.18 and 60.39% above the 52-week low of $1.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.38 million shares traded. The 3-month trading volume is 1.11 million shares.
The consensus among analysts is that ATRenew Inc ADR (RERE) is Sell stock at the moment, with a recommendation rating of 1.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.08.
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ATRenew Inc ADR (NYSE:RERE) trade information
Sporting -6.59% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RERE stock price touched $2.55 or saw a rise of 10.21%. Year-to-date, ATRenew Inc ADR shares have moved 32.81%, while the 5-day performance has seen it change -6.25%. Over the past 30 days, the shares of ATRenew Inc ADR (NYSE:RERE) have changed 8.97%. Short interest in the company has seen 0.79 million shares shorted with days to cover at 0.62.
ATRenew Inc ADR (RERE) estimates and forecasts
Figures show that ATRenew Inc ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 66.67% over the past 6 months, with this year growth rate of 23.08%, compared to 19.30% for the industry. Revenue growth from the last financial year stood is estimated to be 23.90%.
1 analysts offering their estimates for the company have set an average revenue estimate of 566.79M for the current quarter. 1 have an estimated revenue figure of 646.11M for the next ending quarter. Year-ago sales stood 458.23M and 545.01M respectively for this quarter and the next, and analysts expect sales will grow by 23.70% for the current quarter and 23.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 34.22% over the past 5 years.
RERE Dividends
ATRenew Inc ADR is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
ATRenew Inc ADR (NYSE:RERE)’s Major holders
The top two institutional holders are TIGER GLOBAL MANAGEMENT LLC with over 11.48 million shares worth more than $27.21 million. As of 2024-06-30, TIGER GLOBAL MANAGEMENT LLC held 4.6926% of shares outstanding.
The other major institutional holder is PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C., with the holding of over 2.21 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.24 million and represent 0.9033% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Blackrock Large Cap Ser Fds-Blackrock Event Driven Equity Fd and SPDR Portfolio Emerging Markets ETF . As of May 31, 2024 , the former fund manager holds about 0.18% shares in the company for having 230.82 shares of worth $0.59 million while later fund manager owns 167.46 shares of worth $0.43 million as of Aug 31, 2024 , which makes it owner of about 0.13% of company’s outstanding stock.
