ATRenew Inc. Sponsored ADR (NYSE:RERE - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $3.95 and last traded at $3.79, with a volume of 6633343 shares traded. The stock had previously closed at $3.48.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded ATRenew from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th.
Get Our Latest Analysis on RERE
ATRenew Price Performance
The company has a market capitalization of $865.49 million, a price-to-earnings ratio of 50.64 and a beta of 0.20. The business has a fifty day moving average price of $2.86 and a 200 day moving average price of $2.81.
ATRenew (NYSE:RERE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). ATRenew had a return on equity of 8.91% and a net margin of 0.73%. The business had revenue of $641.26 million for the quarter, compared to analyst estimates of $4.62 billion. As a group, sell-side analysts predict that ATRenew Inc. Sponsored ADR will post 0.09 earnings per share for the current fiscal year.
ATRenew declared that its Board of Directors has approved a share repurchase program on Monday, June 30th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. NewEdge Advisors LLC acquired a new position in shares of ATRenew in the fourth quarter valued at $29,000. JTC Employer Solutions Trustee Ltd acquired a new position in shares of ATRenew in the first quarter valued at $32,000. Harbour Capital Advisors LLC acquired a new position in shares of ATRenew in the first quarter valued at $33,000. PFG Investments LLC acquired a new position in shares of ATRenew in the first quarter valued at $40,000. Finally, Virtu Financial LLC acquired a new position in shares of ATRenew in the first quarter valued at $48,000. 19.29% of the stock is currently owned by institutional investors and hedge funds.
ATRenew Company Profile
(
Get Free Report)
ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.
Further Reading
Before you consider ATRenew, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATRenew wasn't on the list.
While ATRenew currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.