Uxin (NASDAQ:UXIN) Stock Price Down 7.4% – Should You Sell?

by · The Cerbat Gem

Uxin Limited Sponsored ADR (NASDAQ:UXIN – Get Free Report) fell 7.4% on Tuesday . The company traded as low as $3.85 and last traded at $3.7310. 427,260 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 375,259 shares. The stock had previously closed at $4.03.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UXIN. Weiss Ratings assumed coverage on shares of Uxin in a report on Thursday, October 16th. They issued a “sell (e+)” rating on the stock. Deutsche Bank Aktiengesellschaft set a $4.50 price objective on shares of Uxin and gave the stock a “buy” rating in a research report on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of Uxin from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.50.

Check Out Our Latest Report on Uxin

Uxin Stock Performance

The company has a 50-day simple moving average of $2.99 and a 200-day simple moving average of $3.43. The company has a market cap of $670.92 million, a price-to-earnings ratio of -17.75 and a beta of 1.47.

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

Uxin Company Profile

(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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