Are Investors Interested In Selling Their Holdings Of ATRenew Inc ADR (NYSE: RERE)?

ATRenew Inc ADR (NYSE:RERE) traded at $2.74 at last check on current trade day and made an upward move of 5.38% on its previous day’s price.

Looking at the stock we see that its previous close was $2.60 with the day’s price range being $2.62 – $2.8. In terms of its 52-week price range, RERE has a high of $3.03 and a low of $1.01. The company’s stock has gained about 15.13% over that past 30 days.

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ATRenew Inc ADR has a market cap of $369.41 million. Estimates by analysts give the company expected earnings per share (EPS) of 0.07, with the EPS growth for the year raised at 0.18 for current year and 0.18 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 518.86M, with a low of 518.86M and a high of 518.86M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 2.25B, or 23.50% up from figures reported last year.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the ATRenew Inc ADR (RERE) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Sell and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 12.80% off its SMA20 and 14.08% from its 50-day simple moving average. The RSI (14) is pointing at 62.69 while the volatility over the past week is 5.67% and jumps to 6.00% over the past one month. The beta value is -0.17, while the average true range (ATR) is currently pointing at 0.16.

Coming back to ATRenew Inc ADR (NYSE:RERE), we note that the average 3-month trading volume was 1.32 million, while that of the preceding 10-day period stands at 0.82 million. Current shares outstanding are 131.70 million.

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