Uxin (NASDAQ:UXIN) Trading 4.8% Higher – What’s Next?
by Michael Walen · The Markets DailyUxin Limited Sponsored ADR (NASDAQ:UXIN – Get Free Report) shares shot up 4.8% during mid-day trading on Tuesday . The stock traded as high as $3.51 and last traded at $3.52. 233,694 shares traded hands during trading, an increase of 86% from the average session volume of 125,496 shares. The stock had previously closed at $3.36.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $4.50 price target on shares of Uxin and gave the stock a “buy” rating in a research report on Monday, December 22nd. Wall Street Zen upgraded Uxin from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings began coverage on Uxin in a research report on Thursday, October 16th. They issued a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.50.
Read Our Latest Stock Analysis on Uxin
Uxin Trading Down 2.9%
The stock’s fifty day simple moving average is $2.94 and its 200 day simple moving average is $3.44. The company has a market cap of $633.53 million, a price-to-earnings ratio of -16.85 and a beta of 1.39.
Uxin (NASDAQ:UXIN – Get Free Report) last issued its earnings results on Thursday, December 18th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $123.51 million during the quarter.
About Uxin
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.