Trading Day Review: ATRenew Inc ADR (RERE) Gains Momentum, Closing at 3.68

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The price of ATRenew Inc ADR (NYSE: RERE) closed at $3.68 in the last session, up 8.88% from day before closing price of $3.38. In other words, the price has increased by $8.88 from its previous closing price. On the day, 3.35 million shares were traded. RERE stock price reached its highest trading level at $3.69 during the session, while it also had its lowest trading level at $3.37.

Ratios:

We take a closer look at RERE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.44 and its Current Ratio is at 2.92. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.02.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BofA Securities on July 15, 2021, initiated with a Buy rating and assigned the stock a target price of $20.

On July 14, 2021, Goldman started tracking the stock assigning a Buy rating and target price of $20.80.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RERE now has a Market Capitalization of 817136640 and an Enterprise Value of -1495259904. As of this moment, ATRenew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.69, and their Forward P/E ratio for the next fiscal year is 7.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20 while its Price-to-Book (P/B) ratio in mrq is 1.57. Its current Enterprise Value per Revenue stands at -0.086 whereas that against EBITDA is -3.781.

Stock Price History:

The Beta on a monthly basis for RERE is 0.20, which has changed by 0.6140351 over the last 52 weeks, in comparison to a change of 0.13161862 over the same period for the S&P500. Over the past 52 weeks, RERE has reached a high of $4.35, while it has fallen to a 52-week low of $2.00. The 50-Day Moving Average of the stock is 24.39%, while the 200-Day Moving Average is calculated to be 30.21%.

Shares Statistics:

According to the various share statistics, RERE traded on average about 1.60M shares per day over the past 3-months and 4570610 shares per day over the past 10 days. Shares short for RERE as of 1749772800 were 1035082 with a Short Ratio of 0.60, compared to 1747267200 on 1285900. Therefore, it implies a Short% of Shares Outstanding of 1035082 and a Short% of Float of 0.8500000000000001.