ATRenew Inc ADR (NYSE:RERE) shares, rose in value, with the stock price up by 3.49% to the previous day’s close as strong demand from buyers drove the stock to $2.37.
Actively observing the price movement in the last trading, the stock closed the session at $2.29, falling within a range of $2.34 and $2.54. The value of beta (5-year monthly) was -0.176. Referring to stock’s 52-week performance, its high was $3.03, and the low was $1.01. On the whole, RERE has fluctuated by -8.49% over the past month.
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With the market capitalization of ATRenew Inc ADR currently standing at about $312.11 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-20.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.26B, with a low estimate of 566.13M and a high estimate of 566.13M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 566.13M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RERE’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of RERE currently trading nearly -6.53% and -2.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.85, while the 7-day volatility ratio is showing 5.93% which for the 30-day chart, stands at 6.20%. Furthermore, ATRenew Inc ADR (RERE)’s beta value is -0.18, and its average true range (ATR) is 0.17.
A comparison of ATRenew Inc ADR (RERE) with its peers suggests the former has fared considerably weaker in the market. RERE showed an intraday change of 3.49% in last session, and over the past year, it grew by 5.80%%.
Data on historical trading for ATRenew Inc ADR (NYSE:RERE) indicates that the trading volumes over the past 10 days have averaged 1.16 and over the past 3 months, they’ve averaged 1.13 million. According to company’s latest data on outstanding shares, there are 131.70 million shares outstanding.
ATRenew Inc ADR’s shares belong to company insiders and institutional investors own 26.21% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.63 million shares as on 2024-08-15, resulting in a short ratio of 0.76. According to the data, the short interest in ATRenew Inc ADR (RERE) stood at 31.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 0.64 million. The stock has risen by 23.44% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RERE stock heading into the next quarter.
