ATRenew Inc ADR [NYSE: RERE] gained 7.12% or 0.27 points to close at $4.06 with a heavy trading volume of 8875386 shares.
It opened the trading session at $4.29, the shares rose to $4.35 and dropped to $3.8509, the range by which the price of stock traded the whole day. The daily chart for RERE points out that the company has recorded 42.46% gains over the past six months.
If we look at the average trading volume of 1.22M shares, RERE reached to a volume of 8875386 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $5.01 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 Price to Book ratio for the last quarter was 1.73, with the Price to Cash per share for the same quarter was set at 2.60.
Trading performance analysis for RERE stock
ATRenew Inc ADR [RERE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.66. With this latest performance, RERE shares gained by 64.37% in over the last four-week period, additionally plugging by 42.46% over the last 6 months – not to mention a rise of 40.97% in the past year of trading.
ATRenew Inc ADR [RERE]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and ATRenew Inc ADR [RERE] shares currently have an operating margin of 0.57% and a Gross Margin at 17.33%. ATRenew Inc ADR’s Net Margin is presently recorded at 0.74%.
Return on Equity for this stock inclined to 2.43%, with Return on Assets sitting at 2.43%.
An analysis of Institutional ownership at ATRenew Inc ADR [RERE]
There are presently around $35.94%, or 36.91% of RERE stock, in the hands of institutional investors. 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%.
