ATRenew Inc ADR (NYSE:RERE) traded at $1.98 at close of the session on Friday, April 26, made an upward move of 22.98% on its previous day’s price.
Looking at the stock we see that its previous close was $1.61 . In terms of its 52-week price range, RERE has a high of $3.30 and a low of $1.01. The company’s stock has gained about 20.00% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $458.21 million, with a low of $476.43 million and a high of $476.43 million. The median projection represents growth squeezing down to 22.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $1.82 billion, or 28.60% up from figures reported last year.
On the other hand, looking at the outlook for the RERE stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is 18.17% off its SMA20 and 32.87% from its 50-day simple moving average. The RSI (14) is pointing at 70.77 while the volatility over the past week is 7.29% and jumps to 6.24% over the past one month. The beta value is -0.22, while the average true range (ATR) is currently pointing at 0.11.
Coming back to ATRenew Inc ADR (NYSE:RERE), we note that the average 3-month trading volume was 757.20K. Current shares outstanding are 131.70 million.
The institutions hold 20.19%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 3.13% up in year-to-date price movement.
