ATRenew (NYSE:RERE) Stock Price Down 9.2% – What’s Next?

ATRenew Inc. Sponsored ADR (NYSE:REREGet Free Report) was down 9.2% during mid-day trading on Wednesday . The company traded as low as $4.56 and last traded at $4.56. Approximately 499,305 shares changed hands during trading, a decline of 57% from the average daily volume of 1,151,704 shares. The stock had previously closed at $5.02.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RERE shares. Weiss Ratings lowered ATRenew from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 1st. Wall Street Zen raised ATRenew from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on ATRenew

ATRenew Price Performance

The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 19.70 and a beta of 0.25. The stock’s 50-day moving average is $4.81 and its 200 day moving average is $5.11.

ATRenew (NYSE:REREGet Free Report) last announced its quarterly earnings data on Tuesday, May 19th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $893.46 million during the quarter, compared to the consensus estimate of $856.02 million. ATRenew had a net margin of 1.90% and a return on equity of 11.48%. Analysts anticipate that ATRenew Inc. Sponsored ADR will post 0.39 EPS for the current year.

ATRenew Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 6th were given a $0.10 dividend. The ex-dividend date was Monday, April 6th. ATRenew’s dividend payout ratio (DPR) is presently 40.00%.

Institutional Investors Weigh In On ATRenew

A number of hedge funds and other institutional investors have recently modified their holdings of RERE. Wells Fargo & Company MN acquired a new stake in shares of ATRenew during the 4th quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd lifted its position in shares of ATRenew by 10,014.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,473 shares of the company’s stock valued at $34,000 after acquiring an additional 6,409 shares during the period. Brevan Howard Capital Management LP acquired a new stake in shares of ATRenew during the 3rd quarter valued at approximately $49,000. Hsbc Holdings PLC acquired a new stake in shares of ATRenew during the 4th quarter valued at approximately $67,000. Finally, Van ECK Associates Corp acquired a new stake in shares of ATRenew during the 3rd quarter valued at approximately $83,000. 19.29% of the stock is currently owned by institutional investors and hedge funds.

About ATRenew

(Get Free Report)

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms. The company was formerly known as AiHuiShou International Co Ltd.

Further Reading

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