Uxin (NASDAQ:UXIN) Sees Strong Trading Volume – Still a Buy?

Uxin Limited Sponsored ADR (NASDAQ:UXIN) shares saw unusually-strong trading volume on Wednesday . Approximately 227,880 shares traded hands during trading, an increase of 6% from the previous session’s volume of 215,265 shares.The stock last traded at $3.04 and had previously closed at $2.99.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Uxin in a report on Tuesday, January 13th. Wall Street Zen raised shares of Uxin from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Deutsche Bank Aktiengesellschaft set a $4.50 target price on shares of Uxin and gave the stock a “buy” rating in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.50.

Uxin Stock Down 0.3%

The company’s fifty day moving average price is $3.38 and its 200 day moving average price is $3.24. The company has a market capitalization of $560.57 million, a P/E ratio of -14.97 and a beta of 1.55.

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.