ATRenew Inc ADR [NYSE: RERE] price surged by 2.47 percent to reach at $0.07.
The one-year RERE stock forecast points to a potential upside of 27.5. The average equity rating for RERE stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on ATRenew Inc ADR [RERE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RERE shares is $4.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RERE stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for ATRenew Inc ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 15, 2021. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on July 14, 2021, representing the official price target for ATRenew Inc ADR stock.
The Average True Range (ATR) for ATRenew Inc ADR is set at 0.18, with the Price to Sales ratio for RERE stock in the period of the last 12 months amounting to 0.19. The Price to Book ratio for the last quarter was 1.27, with the Price to Cash per share for the same quarter was set at 2.63.
RERE Stock Performance Analysis:
ATRenew Inc ADR [RERE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 32.42. With this latest performance, RERE shares gained by 21.85% in over the last four-week period, additionally plugging by 62.01% over the last 6 months – not to mention a rise of 26.64% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RERE stock in for the last two-week period is set at 71.50, with the RSI for the last a single of trading hit 80.78, and the three-weeks RSI is set at 65.38 for ATRenew Inc ADR [RERE]. The present Moving Average for the last 50 days of trading for this stock 2.48, while it was recorded at 2.70 for the last single week of trading, and 1.99 for the last 200 days.
Insight into ATRenew Inc ADR Fundamentals:
ATRenew Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.52 and a Current Ratio set at 2.99.
ATRenew Inc ADR [RERE] Institutonal Ownership Details
The top three institutional holders of RERE stocks are: TIGER GLOBAL MANAGEMENT LLC with ownership of 11.48 million shares, which is approximately 4.6926%. PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C., holding 2.21 million shares of the stock with an approximate value of $$5.24 million in RERE stocks shares; and PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C., currently with $$4.9 million in RERE stock with ownership which is approximately 0.8458%.
