The trading price of ATRenew Inc ADR (NYSE:RERE) closed higher on Monday, December 09, and closing at $3.52, 8.64% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.3 and $3.7. In examining the 52-week price action we see that the stock hit a 52-week high of $3.48 and a 52-week low of $1.01. Over the past month, the stock has gained 33.33% in value.
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ATRenew Inc ADR, whose market valuation is $463.55 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.78 per share this quarter, however they have predicted annual earnings per share of 1.94 for current year and 3.57 for next year.
Analysts have forecast the company to bring in revenue of 4.8B for the current quarter, with the likely lows of 4.8B and highs of 4.8B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 16.28B.
On the technical side, indicators suggest RERE has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned RERE a recommendation rating is 1. Out of them, 0 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged ATRenew Inc ADR (RERE) as Underweight, while 1 advise Sell. Analysts have rated the stock Sell, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that RERE’s price is currently 21.34% off the SMA20 and 28.52% off the SMA50. The RSI metric on the 14-day chart is currently showing 69.94, and weekly volatility stands at 6.77%. When measured over the past 30 days, the indicator reaches 6.30%. ATRenew Inc ADR (NYSE:RERE)’s beta value is currently sitting at 0.06, while the Average True Range indicator is currently displaying 0.20.
To see how ATRenew Inc ADR stock has been performing in comparison to its peers in the industry, here are the numbers: RERE stock’s performance was 8.64% in the latest trading, and 115.95% in the past year.
An evaluation of the daily trading volume of ATRenew Inc ADR (NYSE:RERE) indicates that the 3-month average is 1.19 million. However, this figure has increased over the past 10 days to an average of 2.15.
Currently, records show that 131.70 million of the company’s shares remain outstanding. The institutions hold 25.00%. The stats also highlight that short interest as of 2024-10-31, stood at 0.51 million shares, resulting in a short ratio of 0.42 at that time. From this, we can conclude that short interest is 44.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 0.79 million. However, since the stock’s price has seen 83.33% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
