Investors Getting Picky When It Comes To Buying ATRenew Inc ADR (RERE)

ATRenew Inc ADR (NYSE:RERE) does about 978.95K shares in volume on a normal day but saw 3111572 shares change hands in Friday’s trading. The company now has a market cap of 346.34M USD. Its current market price is $2.63, marking a decrease of -9.00% compared to the previous close of $2.89. The 52 week high reached by this stock is $3.30 whilst the lowest price level in 52 weeks is $1.01.

ATRenew Inc ADR (RERE) has a 20-day trading average at $1.99 and the current price is -20.30% off the 52-week high compared with 160.40% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.75 and its 200-day simple moving average is $1.79. If we look at the stock’s price movements over the week, volatility stands at 15.41%, which decreases to 8.86% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 70.79 to suggest the stock is overbought.

The consensus objective for the share price is $3.15, suggesting that the stock has a potential upside of 16.51% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 15, 2021 when BofA Securities initiated the stock to “Buy” and issued a price target of $20.

ATRenew Inc ADR (RERE) stock is up 16.37% over the week and 52.02% over the past month. Its price is 36.98% year-to-date and -0.75% over the past year.

To reach the target analysts have set, the stock logically needs to grow 16.51 percent from here.

The company has a return on investment of -4.23% and return on equity of -4.12%. The forward price to earnings ratio is 7.90. The beta has a value of -0.13. Price to book ratio is 0.66 and price to sales ratio is 0.19.