Uxin (NASDAQ:UXIN) Stock: Insider Kun Dai Acquires 8,683 Shares

Key Points

• CEO Kun Dai bought 8,683 Uxin shares at an average price of $1.27, investing $11,027 and increasing his holdings by 28.42% to 39,238 shares. The purchase was made under a pre-arranged Rule 10b5-1 trading plan.
• Dai has made five consecutive purchases from September 29 through October 5, acquiring a combined 39,238 shares as Uxin traded near its recent lows.
• Uxin shares recently traded at $1.24, with a market capitalization of about $267 million. Analysts’ consensus rating is “Hold,” with a $4.50 target price, while the company reported a quarterly loss of $0.11 per share on $169.44 million in revenue.

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) CEO Kun Dai acquired 8,683 shares of the firm's stock in a transaction dated Monday, October 5th. The stock was bought at an average price of $1.27 per share, for a total transaction of $11,027.41. Following the completion of the acquisition, the chief executive officer owned 39,238 shares in the company, valued at approximately $49,832.26. The trade was a 28.42% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kun Dai also recently made the following trade(s):

• On Friday, October 2nd, Kun Dai bought 5,672 shares of Uxin stock. The shares were purchased at an average cost of $1.29 per share, for a total transaction of $7,316.88.
• On Thursday, October 1st, Kun Dai purchased 9,000 shares of Uxin stock. The shares were acquired at an average price of $1.42 per share, for a total transaction of $12,780.00.
• On Wednesday, September 30th, Kun Dai acquired 7,443 shares of Uxin stock. The stock was acquired at an average cost of $1.34 per share, with a total value of $9,973.62.
• On Tuesday, September 29th, Kun Dai purchased 8,440 shares of Uxin stock. The stock was acquired at an average cost of $1.26 per share, with a total value of $10,634.40.

Uxin Price Performance

Shares of NASDAQ UXIN traded down $0.03 during mid-day trading on Tuesday, hitting $1.24. The company had a trading volume of 35,798 shares, compared to its average volume of 303,178. The company has a market capitalization of $267.31 million, a PE ratio of -4.41 and a beta of 0.75. The business's 50-day simple moving average is $1.20 and its 200 day simple moving average is $1.97. Uxin Limited Sponsored ADR has a 1-year low of $0.90 and a 1-year high of $4.18.

Uxin (NASDAQ:UXIN - Get Free Report) last posted its quarterly earnings results on Thursday, September 24th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $169.44 million during the quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on UXIN shares. Wall Street Zen downgraded Uxin from a "hold" rating to a "sell" rating in a report on Saturday, June 20th. Weiss Ratings reissued a "sell (e+)" rating on shares of Uxin in a report on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $4.50.

About Uxin

Uxin Limited is a China-based used automobile retail and service company that operates through online and offline channels. The company offers consumers access to used vehicles and related transaction services, with an emphasis on vehicle selection, inspection, pricing, financing and delivery.

Uxin has historically operated as an online used-car marketplace connecting buyers and sellers across China. It later placed greater emphasis on direct used-car retail, vehicle sourcing, refurbishment, quality inspection and nationwide logistics, helping customers purchase vehicles from its inventory and arrange delivery to their location.

Founded in 2015, Uxin is headquartered in China and has served customers across multiple Chinese regions.

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