ATRenew Inc ADR (NYSE:RERE) shares, rose in value, with the stock price up by 17.50% to the previous day’s close as strong demand from buyers drove the stock to $3.29.
Actively observing the price movement in the last trading, the stock closed the session at $2.80. Referring to stock’s 52-week performance, its high was $3.70, and the low was $1.11. On the whole, RERE has fluctuated by 15.03% over the past month.
With the market capitalization of ATRenew Inc ADR currently standing at about $433.26 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 16.28B, with a low estimate of 4.8B and a high estimate of 4.8B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.8B.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 10.46% and 16.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.90, while the 7-day volatility ratio is showing 8.25% which for the 30-day chart, stands at 6.19%. Furthermore, ATRenew Inc ADR (RERE)’s beta value is 0.07, and its average true range (ATR) is 0.20.
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 17.50% in last session, and over the past year, it grew by 181.20%%. In comparison, Amazon.com Inc. (AMZN) has moved higher at 2.24%% on the day and was up 20.09% over the past 12 months. On the other hand, the price of Meta Platforms Inc. (META) has risen 2.57%% on the day. The stock, however, is off 32.33% from where it was a year ago. Additionally, there is a loss of -0.18%% for eBay Inc. (EBAY) in last trading while the stock has seen an overall depriciation of 31.68%% over the past year.
Data on historical trading for ATRenew Inc ADR (NYSE:RERE) indicates that the trading volumes over the past 3 months, they’ve averaged 883.17K. 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 36.36% of the company’s shares. The stock has risen by 14.24% 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.
