Uxin (NASDAQ:UXIN) Shares Up 7.8% - Here's Why

Key Points

• Shares jumped 7.8% on Monday to as high as $3.12 (last $3.1140) from a $2.89 close, with 138,902 shares traded—about 33% below the average session volume.
• Analyst coverage is mixed: Weiss Ratings reaffirmed a “sell (e+)”, one analyst rates Buy and one Sell, leaving a MarketBeat consensus of Hold with an average target of $4.50.
• Uxin is a China-based online/offline used-car e-commerce platform with a market cap of about $590.3 million, a negative PE (-16.53), and 50-/200-day SMAs near $3.20.

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report)'s stock price shot up 7.8% on Monday . The stock traded as high as $3.12 and last traded at $3.1140. 138,902 shares were traded during trading, a decline of 33% from the average session volume of 208,701 shares. The stock had previously closed at $2.89.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Uxin in a report on Friday, April 10th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $4.50.

Uxin Stock Up 8.7%

The firm has a market cap of $590.29 million, a PE ratio of -16.53 and a beta of 0.89. The firm's fifty day simple moving average is $3.24 and its two-hundred day simple moving average is $3.19.

Uxin Company Profile

Uxin Limited is a China-based online and offline used car e-commerce platform that connects vehicle buyers and sellers through an integrated digital marketplace. Headquartered in Beijing, the company operates a network of physical used-car malls alongside its proprietary online platform, enabling customers to browse, inspect and purchase pre-owned vehicles with transparency and convenience.

The company's core business activities encompass sourcing, quality assurance and distribution of used vehicles.

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