Uxin (NASDAQ:UXIN) Sees Strong Trading Volume - Still a Buy?

Key Points

• Uxin Limited shares experienced a 43% increase in trading volume, reaching 120,001 shares on Friday, with the stock closing at $3.86, up from $3.55.
• The investment firm Wall Street Zen upgraded Uxin to a "hold" rating, indicating a cautious sentiment among analysts.
• Institutional investors, including XTX Topco Ltd, recently purchased new stakes in Uxin, suggesting growing interest in the stock.

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 120,001 shares were traded during trading, an increase of 43% from the previous session's volume of 83,787 shares.The stock last traded at $3.86 and had previously closed at $3.55.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Uxin to a "hold" rating in a research report on Friday, July 18th.

Uxin Trading Up 9.3%

The firm has a 50-day simple moving average of $3.85 and a two-hundred day simple moving average of $4.04. The company has a market capitalization of $729.40 million, a price-to-earnings ratio of -19.40 and a beta of 1.55.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Uxin stock. XTX Topco Ltd purchased a new stake in Uxin Limited Sponsored ADR (NASDAQ:UXIN - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 15,052 shares of the company's stock, valued at approximately $60,000. 22.41% of the stock is owned by institutional investors.

Uxin Company Profile

Uxin Limited, an investment holding company, engages in the retail sale of vehicles in China. The company operates an e-commerce platform for buying and selling used cars. It also offers used-car acquisition, inspection, reconditioning, warehousing, pre-sales and after-sales, and various car-related value-added products and services, as well as warranty and repair, delivery, and title transfers and vehicle registration services.