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

Key Points

• Uxin Limited's shares experienced a 37% increase in trading volume, with 72,021 shares exchanged on Monday compared to 52,675 shares previously.
• The stock's price declined by 4.8% to $4.00, and it has a market capitalization of $758.54 million with a P/E ratio of -20.20.
• Wall Street Zen upgraded Uxin's shares to a "hold" rating following its recent earnings report, where the company posted a revenue of $69.48 million and a negative return on equity of 498.99%.

Shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) saw an uptick in trading volume on Monday . 72,021 shares changed hands during trading, an increase of 37% from the previous session's volume of 52,675 shares.The stock last traded at $4.00 and had previously closed at $4.24.

Wall Street Analysts Forecast Growth

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

Uxin Price Performance

The firm has a market cap of $689.91 million, a P/E ratio of -18.35 and a beta of 1.26. The firm has a fifty day simple moving average of $4.08 and a 200-day simple moving average of $4.25.

Uxin (NASDAQ:UXIN - Get Free Report) last posted its quarterly earnings results on Thursday, June 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. Uxin had a negative net margin of 12.86% and a negative return on equity of 498.99%. The business had revenue of $69.48 million during the quarter.

Institutional Trading of Uxin

A hedge fund recently bought a new position in Uxin stock. XTX Topco Ltd acquired a new position in Uxin Limited Sponsored ADR (NASDAQ:UXIN - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,052 shares of the company's stock, valued at approximately $60,000. Institutional investors own 22.41% of the company's stock.

About Uxin

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.