ATRenew Inc ADR (NYSE:RERE) price on current trading day, rose 9.51% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.11.
A look at the stock’s price movement, the close in the last trading session was $2.84. Turning to its 52-week performance, $3.70 and $1.11 were the 52-week high and 52-week low respectively. Overall, RERE moved 14.34% over the past month.
ATRenew Inc ADR’s market cap currently stands at around $409.56 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 4.8B for the company’s revenue for the quarter, with a low and high estimate of 4.8B and 4.8B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 16.28B, representing a 25.57% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RERE is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 0 recommend RERE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Sell which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RERE’s current price about 5.91% and 10.07% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.99, while 7-day volatility ratio is 6.32% and 5.61% in the 30-day chart. Further, ATRenew Inc ADR (RERE) has a beta value of 0.07, and an average true range (ATR) of 0.17.
If we refocus on ATRenew Inc ADR (NYSE:RERE), historical trading data shows that trading volumes averaged 1.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 131.70 million shares.
Current price change has pushed the stock 7.99% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RERE stock continues to rise going into the next quarter.
