ATRenew Inc ADR (NYSE: RERE): Why Investors Shouldn’t Ditch RERE Stock In 2024

In the last trading session, 1.88 million ATRenew Inc ADR (NYSE:RERE) shares changed hands as the company’s beta touched 0.07. With the company’s per share price at $3.29 changed hands at -$0.15 or -4.36% during last session, the market valuation stood at $433.26M. RERE’s last price was a discount, traded about -5.78% off its 52-week high of $3.48. The share price had its 52-week low at $1.01, which suggests the last value was 69.3% up since then. When we look at ATRenew Inc ADR’s average trading volume, we note the 10-day average is 1.74 million shares, with the 3-month average coming to 1.15 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 (NYSE:RERE) trade information

Instantly RERE was in red as seen at the end of in last trading. With action 17.50%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 71.35%, with the 5-day performance at 17.50% in the green. However, in the 30-day time frame, ATRenew Inc ADR (NYSE:RERE) is 33.20% up. Looking at the short shares, we see there were 0.51 million shares sold at short interest cover period of 0.42 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 42.42% over the past 6 months, a 38.46% in annual growth rate that is considerably higher than the industry average of 17.80%.

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 81.24%.

RERE Dividends

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

PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. holds the second largest percentage of outstanding shares, with 0.9033% or 2.21 million shares worth $5.24 million as of 2024-06-30.