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

Uxin logo with Computer and Technology background
Image from MarketBeat Media, LLC.

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.
  • Five stocks we like better than Uxin.

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.

Check Out Our Latest Analysis on Uxin

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

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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