Uxin (NASDAQ:UXIN) Shares Gap Down – What’s Next?

by · The Markets Daily

Uxin Limited Sponsored ADR (NASDAQ:UXIN – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $3.82, but opened at $3.68. Uxin shares last traded at $3.6650, with a volume of 12,495 shares trading hands.

Wall Street Analysts Forecast Growth

UXIN has been the topic of several research reports. Deutsche Bank Aktiengesellschaft set a $4.50 price target on Uxin and gave the company a “buy” rating in a research note on Monday, December 22nd. Wall Street Zen upgraded shares of Uxin from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Uxin in a research report on Tuesday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.50.

Check Out Our Latest Stock Analysis on Uxin

Uxin Price Performance

The stock has a market cap of $671.12 million, a price-to-earnings ratio of -17.85 and a beta of 1.47. The firm has a 50 day simple moving average of $3.15 and a two-hundred day simple moving average of $3.43.

Uxin (NASDAQ:UXIN – Get Free Report) last announced its quarterly earnings results on Thursday, December 18th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $123.51 million during the quarter.

About Uxin

(Get Free Report)

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.

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